https://www.theinsightpartners.com/reports/automotive-wiring-harness-market

Automotive Wiring Harness Market accounted to US$ 47.08 Bn in 2018 and is expected to grow at a CAGR of 4.27% Automotive sector deploys large efforts to transform the driving experience for its users. Recently, electric vehicles have found profound attraction in the end-user circles coupled with the boost from Governmental authorities owing to the environmental friendly nature of these cars. The automobiles of today are becoming smarter, becoming more capable of self-diagnostics, and are anticipated of also getting connected with each other for communication purposes. Trends such as Advanced Driver Assistant Systems (ADAS), infotainment systems, car telematics have been trending in the automotive industry for quite some time now. The success of these trends is entirely attributed to the sophistication and technological advancements in the semiconductor industry. Get more information on this report @ https://www.theinsightpartners.com/reports/automotive-wiring-harness-market The trends such as car telematics, easy-to-use and interactive infotainment systems are emerging at rapid rates and being developed with a focus on driver and passenger safety. Also, the implementation of other safety features has resulted in the reduced number of car accidents as well as fatalities in the last decade. Vehicles of today come with increased computing power, and this has been realized owing to the increasing electronic integrations into the vehicles. There are various types of wiring harness that goes into a vehicle. Each harness is a perfect match for its purpose and depends upon the vehicle to vehicle and model to model. Individual wiring harness is specific to its model and application and has organized set of connectors, wires, and terminals and runs throughout the body of a vehicle and convey information and electric power. With the advent of the electric vehicle, high voltage >60V wiring harness is coming into play. Along with it, the number of harnesses is also going to increase. Apart from main, auxiliaries, cockpit, ICE, e-motor harness, an electric vehicle would also consist of DC/AC Charging, HV auxiliaries, traction, and 3-phase harness would also play a major role. So it is expected that over the forecast period, the demand is set to increase in parallel to the rise in vehicle production. The major companies operating in the market include Sumitomo Electric, Lear Corporation, Delphi Automotive PLC (Aptiv), Yazaki Corporation, Furukawa Electric Co., Fujikura Automotive, Samvardhana Motherson Group, Leoni AG, Mind, and Nexans.