Demand drive by tech-enabled-power efficient vehicles
The Indian Automotive Wiring Harness Market is expected to grow at a CAGR of 8.48% to achieve the market value of US$2,373.10 million by 2028.
It is worth US$1,518.96 million in 2022, according to a ResearchAndMarkets report “India Automotive Wiring Harness Market” on 27 June 2022.
Rising technological advancements in the automotive sector and growing demands for more power-efficient vehicles are expected to drive the growth of the Indian Automotive Wiring Harness Market in the upcoming five years.
Higher sales and demands for the passenger cars owing to the rising disposable income among the population also play a vital role in increasing the demands and thus the growth of the Indian Automotive Wiring Harness Market in the next five years.
Recently, increasing demands for electric vehicles and the incorporation of internet of things and artificial intelligence in the vehicles also added to the growth of the Wiring Harness Market in the future five years, said the report.
The scope of automotive wiring harness function includes transferring signals, data and power within a vehicle performed by data transmission and electrical wires.
Leading the industry are:
Lear Automotive India Private Limited
Aptiv Components India Private limited
Leoni Cable Solutions India Private Limited
Fujikura Automotive India Private Limited
Viney Corporation Private Limited
Dhoot Transmission Pvt Ltd
Samvardhana Motherson Group
Spark Minda
Yazaki India Private Ltd
SEI Trading India Private Limited. fiinews.com
