Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Secondary Wiring Harness Market Researc | Page 2

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
global automotive wiring harness market. Despite the increase in the price of wires and
cables, manufacturers need to upgrade their wiring systems due to the increased
competition. Automotive wiring harness for electric and hybrid vehicles has a higher cost
as these vehicles require comparatively high voltage wiring harness assembly. The global
automotive secondary wiring harness market is expected to expand with a CAGR of approx.
11% (2018 to 2023).
Automotive Secondary Wiring Harness Market by Segmentation:
On the basis of application, the market is segmented as cabin, door harness, engine,
electronic parking brakes, airbag harness, and electronic gear shift system. In 2016, the
cabin harness segment has accounted for the highest share by application type in the global
automotive secondary wiring harness market.
Based on regions, the automotive secondary wiring harness market is segmented into
North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to lead
the market demand in the automotive secondary wiring harness. The large population in
this region coupled with a rising middle class causes the automotive sales in this region to
rise continuously. As a result, boosting the demand for automotive secondary wiring
harness market.
In Europe, Germany is estimated to dominate the market during the forecast period. The
country is considered one of the technology hubs of automotive industry, globally, coupled
with presence of established players in the region.
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market-6091
Table of Content
1 Executive Summary
2 Scope Of The Report
3 Market Landscape