Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Secondary Wiring Harness Market Researc

Automotive Secondary Wiring Harness Market 2018
Automotive Secondary Wiring Harness Market Share, Size, Trends, And Business
Opportunity Analysis Report 2018 include historic data, with forecast data to 2023.
Automotive Secondary Wiring Harness Market report is helpful for future strategy
development, and to know about Market Drivers, Restraints, Opportunities, And Global
market size, share, Growth, Trends, key players forecast to 2023
Global Automotive Secondary Wiring Harness Market Report Information by Application
(Cabin, Door Harness, Engine, Electronic Parking Brakes, Airbag Harness, and Electronic
Gear Shift System), by Vehicle Type (ICE and EV), by Region- Forecast till 2023
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Market Scenario:
A wiring harness is a structured set of wires, terminals and connectors, which run
throughout the vehicle and relay information and electric power. Technologies such as
advanced infotainment system and safety and security system have augmented the
instances of assembling secondary wiring harnesses in a vehicle.
Several factors aid the growth of the global automotive secondary wiring harness market,
the primary being an increase in electric vehicle production to trigger the demand. In
recent years, the sales of electric vehicle sales in North America have increased
significantly. Thus, with many of these vehicles being assembled in U.S., federal and state
incentives also play a major role in boosting EV sales, making EVs more affordable. For
instance, in May 2017, the U.S. Department of Energy estimated that refueling the average
EV cost the equivalent of gasoline priced at only USD 1.17 per gallon, roughly half the price
of gasoline. According to IEA, China was by far the largest electric car market, accounting
for more than 40% of global sales of electric cars and more than double the amount sold in
U.S in 2016.
Of late, the demand for electric vehicle products is rising rapidly. These products have a
wide voltage range (from low voltage to high voltage) and require a special set of wires for
operation. Across the globe, the manufacturers of wiring harness systems are focusing on
the development of secondary wiring harness systems to support high technology systems
such as infotainment systems, lighting systems, electronic brakes, and connectivity
technology. Secondly, growing complexities of on-board electronics is also expected to
foster the growth of the market. With increased emphasis on safety of passengers, comfort,
and the rising incidences of vehicle customization there is a rising need for automotive
wiring harness. However, the high cost of wiring harness is hindering the growth of the