Asia Pacific Automotive Wiring Harness Market Size, Share & Industry Trends Analysis Report By Material, By Application, By Propulsion (ICE Vehicles, Electric Vehicles, and Hybrid Vehicles), By Voltage, By Vehicle Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Automotive Wiring Harness Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
In 1978, the National Highway Traffic Safety Administration (NHTSA) started evaluating and testing cars using crash test dummies. These graphic visuals have the power to make us change risky habits like texting while driving and force us to buckle up. Ratings are available and mandated on all window labels for new vehicles. Testing is necessary for the materials used to construct vehicles as well as for the systems and components inside of them. This testing is just as critical as crash testing but less emotionally taxing.
Automobiles are intricate devices made up of numerous smaller subsystems. The complexity and growth of one such system, the electrical and electronics system, have recently increased the stakes for component performance and protection. A vehicle's electrical system distributes information to other critical components, such as brakes, steering, engine control, and passenger comfort.
Rear video imaging, lane departure warning forward collision warning, and even automatic emergency braking are now standard features on new cars, according to the NHTSA. These crucial instruments depend on the conversion and delivery of input signals from the outside world into vehicle system warnings and modifications.
Many autos need miles of wire to function. The construction of these vehicles is made significantly easier by a wire harness assembly technique that incorporates all necessary wires and cables into a single device. Instead of running each wire individually, installation is then as easy as "dropping in" the harness.
The Chinese government is focusing its efforts in this sector on providing incentives to encourage the sale of electric vehicles. For instance, India is attempting to boost electric vehicle sales, creating opportunities for market expansion. Further government efforts to boost the sale of electric vehicles are likely to offer opportunities for market expansion over the time under review. Nations are trying to boost the sales of electric cars, which could aid in the expansion of the industry. The Chinese government offers financial incentives to consumers who choose electric automobiles.
The China market dominated the Asia Pacific Automotive Wiring Harness Market by Country in 2021; thereby, achieving a market value of $6.4 billion by 2028. The Japan market is estimated to grow at a CAGR of 4.5% during (2022 - 2028). Additionally, The India would witness a CAGR of 5.8% during (2022 - 2028).
Based on Material, the market is segmented into Copper, Aluminum, and Others. Based on Application, the market is segmented into Chassis, Engine, Dashboard & Cabin, Body & Lighting, HVAC, and Others. Based on Propulsion, the market is segmented into ICE Vehicles, Electric Vehicles, and Hybrid Vehicles. Based on Voltage, the market is segmented into Low and High. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, and Two-Wheeler. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lear Corporation, Aptiv PLC, Sumitomo Electric Industries, Ltd., Fujikura Ltd., Nexans SA, Furukawa Electric Co., Ltd., Samvardhana Motherson International Ltd, Leoni AG, Yazaki Corporation and Yura Corporation
Scope of the Study
Market Segments Covered in the Report:
- Dashboard & Cabin
- Body & Lighting
- ICE Vehicles
- Electric Vehicles
- Hybrid Vehicles
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Lear Corporation
- Aptiv PLC
- Sumitomo Electric Industries, Ltd.
- Fujikura Ltd.
- Nexans SA
- Furukawa Electric Co., Ltd.
- Samvardhana Motherson International Ltd
- Leoni AG
- Yazaki Corporation
- Yura Corporation
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