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According to the latest report by IMARC Group, titled " Automotive Wiring Harness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
," the global automotive wiring harness market size reached US$ 80.0 Billion in 2022. An automotive wiring harness is an electrical assembly of numerous components of a vehicle, including wires, connectors and terminals, that are utilized to transmit power and data to a single system. Some of the commonly transmitted information includes the performance and operation of the automobile, along with sending and receiving sensor signals. It further acts as a safety casing that assists in safeguarding users by preventing fires caused by short circuits. The use of these components ensures reliable transmission of energy while being subjected to high noise, temperatures, vibration, and moisture. As a result, the wiring harness finds widespread applications in the wiring of sensors, engines, chassis and heating, ventilation and air conditioning (HVAC). Request for a PDF sample of this report: https://www.imarcgroup.com/automotive-wiring-harness-market/requestsample
The global market is primarily driven by considerable growth in the automotive sector. This can be accredited to the inflating disposable incomes of the masses and a significant increase in the vehicle fleet across the globe. Since the usage of automotive wiring harness improves the security and reliability of the vehicles while enhancing their fuel efficiency, it is widely gaining prominence among end users. Moreover, due to an enhanced focus on sustainable development, there has been a rise in the adoption of electric vehicles (EVs), which is providing an impetus to the uptake of automotive wiring harnesses. The market is further driven by the rising integration of automobiles with advanced driver assistance systems (ADAS). Since wiring harnesses are extensively employed for securing safety sensors, such as blind-spot detection and automated control systems, in numerous models for superior vehicle performance, this is creating a positive outlook for the market. Some of the other factors contributing to the market growth include escalating utilization of affordable and reliable optical fibers, the advent of aluminum harnesses in the market that are widely used for reducing vehicular weight, and the extensive research and development (R&D) conducted by key players.
Looking forward, IMARC Group expects the market is expected to grow at a CAGR of 4.15% during 2023-2028. View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-wiring-harness-market
1. What was the size of the global automotive wiring harness market in 2022? 2. What is the expected growth rate of the global automotive wiring harness market during 20232028?
What are the key factors driving the global automotive wiring harness market?
What has been the impact of COVID-19 on the global automotive wiring harness market?
What is the breakup of the global automotive wiring harness market based on the application?
What is the breakup of the global automotive wiring harness market based on the material type? 7. What is the breakup of the global automotive wiring harness market based on the transmission type? 8. What is the breakup of the global automotive wiring harness market based on the vehicle type? 9. What is the breakup of the global automotive wiring harness market based on the category?
What is the breakup of the global automotive wiring harness market based on the component?
What are the key regions in the global automotive wiring harness market?
Who are the key players/companies in the global automotive wiring harness market?
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