Automotive Wiring Harness Market To Reach $63.00 Billion By 2030
Automotive Wiring Harness Industry Overview The global automotive wiring harness market size was estimated at USD 50.09 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030. The surge in electric vehicle (EV) adoption, bolstered by consistent government incentives for both manufacturers and consumers, is a key driver propelling demand for the EV segment. This, in turn, is fueling market growth. Rising integration of advanced technologies such as vehicle-to-vehicle communication, self-healing for electric vehicles, smart battery systems, and smart braking & safety systems, among others, is attributed to drive the market growth. In line with these advancements, the introduction of autonomous and semi-autonomous vehicles, which have a high dependency on components such as low-latency communication devices, sensors, cameras, and radar, will increase the demand for automotive wiring harnesses within the automotive manufacturing in...