According to a recent market analysis by Future Market Insights, the automotive front end module market is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period. An automotive front end module (FEM) is a pre-assembled unit that includes various components located at the front of a vehicle. The FEM is typically installed as a single unit, simplifying the manufacturing process and reducing assembly time. The components included in an FEM can vary depending on the vehicle make and model, but generally include items such as the radiator, condenser, fans, headlamps, grille, and bumper. The FEM can also house additional components such as the powertrain cooling system, sensors, and electronic control modules. The main benefit of the FEM is that it streamlines the manufacturing process by reducing the number of parts that need to be individually assembled. This results in lower assembly costs and increased efficiency in production. This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth. Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market. Key Takeaways The automotive front end module market is likely to have a CAGR of 3% during the forecast period. The automotive front end module market is currently holding a valuation of US$ 12.13 billion The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032. With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market. Asia Pacific is anticipated to hold the largest share for the automotive front end module market. Europe is the second-largest market for automobile front end modules, with a revenue share of 35%. For more information: https://www.futuremarketinsights.com/reports/automotive-front-end-module-market Key players & Startup Contribution OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence. Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market. Recent Developments They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters. Following the acquisition of Faurecia's Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation. Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.

The automotive electronics market forecast was estimated to be worth US$ 300.3 billion in 2022, and it is anticipated to develop at a CAGR of 7.30% from 2022 to 2032, reaching US$ 607.5 billion in 2032. The advancement of sensor technology and signal processing algorithms are fueled by the increasingly strict safety regulations, which are a significant factor in the growth of automotive electronics. The demand for automotive electronics is expected to grow in the future, driven by the increasing adoption of advanced safety, comfort, and infotainment features in vehicles. Automotive electronics refers to the use of electronic systems and devices in automobiles, including safety features such as anti-lock braking systems, electronic stability control, and advanced driver assistance systems, as well as infotainment features such as multimedia systems and navigation. The growth in the demand for automotive electronics is expected to be driven by the increasing adoption of advanced safety features in vehicles, particularly in developed markets such as the US, Europe, and Japan, where stringent safety regulations have been implemented. In addition, the trend towards connected and autonomous vehicles, which require a range of advanced electronic systems to function, is expected to further drive the demand for automotive electronics. This includes technologies such as radar and LiDAR sensors, vehicle-to-vehicle communication systems, and advanced driver assistance systems. Key Takeaways: The largest automotive electronics market share is in Europe. From 2022 to 2032, the region is anticipated to grow at a rate of over 27.0%. Automotive Electronics are anticipated to experience significant growth opportunities in North America, where they are projected to account for 12.0% of global sales by 2022. With promising opportunities for automotive electronics market expansion, Asia-Pacific is anticipated to expand and reach a sizeable share of 10.4% in 2022. MEA is anticipated to offer significant automotive electronics market growth opportunities and is projected to hold a 4.8% share in 2022. From 2021 to 2028, the ADAS automotive electronics market is anticipated to grow at a CAGR of more than 10.6%. In 2020, the safety systems market segment held the largest automotive electronics market share, at about 29%. For more information: https://www.futuremarketinsights.com/reports/automotive-electronics-market Competitive Landscape: Among the leading companies operating in the automotive electronics market are: Hitachi Automotive Systems, Ltd., Visteon Corporation, Hella GmbH& Co. KGaA, Infineon Technologies AG, Robert Bosch GmbH, Valeo Inc., ZF Friedrichshafen AG, Continental AG, DENSO Corporation, and Xilinx, Inc. The automotive electronics market is extremely competitive, which can be attributed to the large number of participants. A number of regional level players are also active across key growth regions, particularly in Europe. Global players, such as Continental AG, DENSO Corporation, Hella GmbH& Co. KGaA, and Infineon Technologies AG, account for a sizeable portion of the automotive electronics market.

During the forecast period of 2022 to 2032, the bicycle market size is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032, according to FMI. Electric bicycles are expected to see significant growth in the coming years due to their convenience and eco-friendliness. The increasing focus on fitness and health is also expected to drive the demand for bicycles, as more people look for sustainable and cost-effective ways to stay active. This is particularly true in urban areas where cycling is a popular mode of transportation. The trend towards urbanization is also expected to fuel the growth of the bicycle industry. As cities become more congested, many people are turning to bicycles as a way to get around quickly and easily. The growth of bike-sharing programs is another factor that is expected to drive the growth of the bicycle industry. Bike-sharing programs are becoming increasingly popular in cities around the world, providing an affordable and sustainable transportation option for residents. The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle marketis having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequateglobal bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market shareof 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significantglobal bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle marketis anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle marketis expected to grow significantly with a CAGR of 10.4% during the forecast period. Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

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