Connected Vehicles: Navigating the Automotive Wire Harness Market

According to the global automotive wire harness market growth to $59.3 billion by 2030 can be ascribed to the technological improvements in the automotive industry and the increasing manufacturing of electric vehicles.

Moreover, the addition of cutting-edge features, including high-voltage wiring arrangements, in electric vehicles and lightweight harness arrangements, armed with the growth in the need for autonomous passenger vehicles and lightweight trucks, is set to support the development of the industry in the coming few years.

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On the basis of vehicle type, commercial vehicles are projected to witness the higher CAGR over this decade. This development can be credited to the growing addition of enhanced electronic modules and connectivity features, which enable data transfer to mobile phones and synchronize with the internet of things devices in the car.

The internal combustion engine category had the larger revenue share in recent years, and the category is also projected to be dominant in the propulsion type segment in the future. This is mainly because compared to EVs, the output of ICE-based vehicles is higher.

Moreover, they are being swiftly combined with vehicle-to-vehicle and vehicle-to-infrastructure connectivity and self-driving features. Thus, the importance of wire harnesses for transporting energy and information among a massive array of electronic devices and systems is high in ICE vehicles.

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Further, speed sensors are projected to experience the highest CAGR in the near future, based on application. The obtainability of a broad variety of personalized speed sensors and increasing worldwide vehicle sales are some of the key reasons boosting the advance of this category.

In recent years, the copper category led the automotive wire harness market, on the bases of material type, and the category is also projected to remain in the leading position in the future. This is mainly because of the increasing requirement for copper wire harnesses, as copper has been the material of choice for wires for a lengthy period.

In the coming few years, the APAC region is projected to be in the leading spot, credited to the increasing manufacturing of EVs, armed with the huge customer base for ICE-based vehicles. Essentially, the increasing demand for passenger and commercial vehicles in South Korea, China, Japan, and India leads to a massive automotive manufacturing volume, which, ultimately, boosts the local market.

The research offers market size of the Global Automotive Wire Harness Market for the period 2014-2030.

Market size breakdown by vehicle type
• Passenger car
• Commercial

Market size breakdown by voltage
• Low voltage
• High voltage

Market size breakdown by propulsion
• ICE
• EV

Market size breakdown by material type
• Copper
• Aluminum

Market size breakdown by application
• Chassis
• Engine
• Body
• HVAC
• Speed Sensors
• Others

Market size breakdown by region
• North America automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country - U.S. and Canada

• Europe automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By Voltage
o By material type
o By country - Germany, France, U.K., Italy, Czech Republic, Russia, Spain, and Rest of Europe

• Asia-Pacific (APAC) automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country - China, Japan, India, South Korea, Thailand, and Rest of APAC

• Latin America, Middle East, and Africa (LAMEA) automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country - Mexico, Brazil, South Africa, Iran, Argentina, and Rest of LAMEA

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