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Dublin, November 12, 2021--(Business Wire)--"Automotive Wire Harness Market Research Report: By Vehicle Type, Voltage, Propulsion, Material Type, Application-Global Industry Analysis and Growth Forecast to 2030" report Products that have been added to ResearchAndMarkets.com.
Over the years, the integration of advanced safety and connectivity features in vehicles such as advanced driver assistance systems (ADAS), GPS navigation, and vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connections has been selected upwards. According to the publisher, this will be a key factor for the global automotive wiring harness market to grow from US$42.8 billion in 2019 to US$59.3 billion in 2030, with a compound annual growth rate of 4.7% from 2020 to 2030.
Kromberg & Schubert Automotive GmbH & Co. KG
This is because the implantation of these functions requires a series of sensors and electronic modules, which increases the requirements for wires that transmit current and data. In this regard, the growing demand for autonomous vehicles is also the main driving force for the automotive wiring harness market. Since self-driving cars require all of the above-mentioned functions and more, proper wiring networks are critical to them.
In 2020, the COVID-19 pandemic prevented the growth of the automotive wiring harness market, as auto parts and vehicle factories were closed and international trade was restricted. In addition, many people are unemployed or work at very low wages, so buying cars is discouraged.
In the next few years, in the electric vehicle (EV) branch, the compound annual growth rate of the advancement of the automotive wiring harness market is expected to be 18.0%. As the greenhouse gases (GHG) emitted by traditional cars cause the air to rapidly degrade, governments around the world are vigorously promoting electric cars. Compared with cars equipped with internal combustion engines (ICE), electric cars have more electronic modules, they require electricity and generate and transmit larger amounts of data.
In the next few years, in the case of breakdown by voltage, the high voltage (HV) bifurcation will witness the faster growth of the automotive wiring harness market. Worldwide, the adoption rate of electric vehicles is rising, and since the transmission of power from the battery to the motor is a high-voltage application, the demand for suitable wiring harnesses for such vehicles is growing.
Asia Pacific (APAC) is currently the region with the highest revenue in the automotive wiring harness market and the largest automotive production region on the planet. In addition, due to strict emission regulations and favorable policies for electric vehicle manufacturers and buyers, the demand for electric vehicles in the region is growing rapidly.
4.1 Industry Experts/KOL Voice
4.2.4 Analysis of the impact of driving factors/constraining factors
4.4 Porter's five forces analysis
4.5 The impact of COVID-19 on the market
5.2 Market Revenue by Model (2014-2030)
5.2.1 Revenue of Passenger Car Market (2014-2030)
5.2.2 Revenue of Commercial Vehicle Market (2014-2030)
5.3 Market revenue, according to advancement (2014-2030)
5.4 Market Revenue by Application (2014-2030)
5.4.2 Revenue of Engine Automobile Market (2014-2030)
5.4.5 Speed Sensor Market Revenue (2014-2030)
5.5 Market revenue, by voltage (2014-2030)
5.6 Market Revenue by Material Type (2014-2030)
5.7 Market Revenue by Region (2014-2030)
Chapter 10 Major Markets: Market Segment Analysis
10.2 China market revenue, by model (2014-2030)
10.3 U.S. market revenue, by vehicle type (2014-2030)
10.4 German market revenue, by vehicle type (2014-2030)
10.5 Japanese market revenue, by vehicle type (2014-2030)
10.6 French market revenue, by vehicle type (2014-2030)
11.1 List of market participants and their products
11.2 Analysis of Market Share of Major Participants
11.3 Competitive benchmarks of major players
11.4 Recent strategic development of major players
For more information about this report, please visit https://www.researchandmarkets.com/r/jzrur4
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211112005535/en/
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