Automotive Wiring Harness Market: Overview Of Key Market Forces Propelling And Restraining Market Growth 2019 - 2027

-
According to the report, the global automotive wiring harness market is projected to reach ~US$ 76 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. Increasing GDP and technological advancements are major factors fueling the demand for automotive wiring harness market globally. The automotive wiring harness is undergoing an architectural revolution, owing to increase in incorporation of electronic components in vehicles, causing the weight of wiring in a car to reach nearly 150 pounds. Rising complexity of vehicles due to integration of advanced driver assistance features and automation is further boosting the use of wiring content per vehicle. This, in turn, is driving the automotive wiring harness market.
Expansion of Automotive Wiring Harness Market
Rapid expansion of the manufacturing industry, due to a surge in the demand from consumers, presence and expansion of vehicle manufacturers, increased adoption of advanced vehicle technologies due to increase in per capita income, and increase in vehicle electrification and inclination toward minimal human efforts are boosting the automotive wiring harness market. 
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4179
Regional Analysis of Automotive Wiring Harness Market
In terms of region, the global automotive wiring harness market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Increase in GDP and Increase in disposable income in Asia Pacific is driving the automotive market. This fuels the demand for automotive wiring harness, as modern vehicles require safety features and advanced electronic devices, which in turn propels the demand for wires and cables to be used in vehicles. India is a major market for light vehicles in Asia Pacific, followed by China. .
In 2018, Europe held a significant share of the global automotive wiring harness market. Presence of automobile manufacturers such as Mercedes Benz, BMW, and Audi in Europe is driving the market in the region, as it creates an exponential demand for premium passenger vehicles. These premium passenger vehicles are fitted with modern electronic devices for safety and navigation, which in turn drive the market for automotive wiring harness.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more