Automotive Wiring Harness Market Size, Share, Growth Analysis, By Category(General Wires, Heat-Resistant Wires, Shielded Wires, Tubed Wires), By Propulsion Type(ICE, EV), By Application, for ICE Vehicles(Seat Harness, Engine Harness, Chassis Harness, Body & Lighting Harness), By Component, for ICE Vehicles(Connectors, Wires, Terminals, Others), By Material Type, for ICE Vehicles(Metallic (Copper, Aluminum, Other Materials), Optical Fiber (Plastic Optical Fiber (POF)), By ICE Vehicles Type and Application(Passenger Car (Engine Harness, Chassis Harness, Body & Lighting Harness, HVAC Harness), By Transmission Type, for ICE Vehicles(Data Transmission, Electrical Wiring), By Transmission Type, for Electric Vehicles(Data Transmission, Electrical Wiring), By Material Type, for Electric Vehicles(Metallic (Copper, Aluminum, Other Materials), Optical Fiber (Plastic Optical Fiber (POF)), By Application(Battery & Battery Management, Motor Management), By Data Transfer Rate(<150 Mbps, 150 Mbps To 1 Gbps), By Type and Application, for Electric vehicles(Battery Electric Vehicle (BEV) (Chassis Harness, Body & Lighting Harness, HVAC Harness, Dashboard/Cabin Harness), By Region - Industry Forecast 2024-2031

Automotive Wiring Harness Market size was valued at USD 50,266.88 million in 2022 and is poised to grow from USD 51975.95392 million in 2023 to USD 67915.16 million by 2031, growing at a CAGR of 3.4% during the forecast period (2024-2031).

In recent times, the adoption of electric vehicles is increasing due to increasing government incentives for both manufacturers and consumers. 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 industry, thereby offering numerous growth opportunities to the global market. Moreover, the increasing use of optical fibre for producing wiring harnesses is expected to create new opportunities for market players. The rising consensus pertaining to security and safety while driving is fuelling the demand for driver-assisting technologies such as adaptive cruise control, blind spot detection, adaptive front light, and lane departure warning systems. In addition, vehicle manufacturers are obliged to comply with stringent safety norms introduced by authorities worldwide and are expected to support the market growth.

US Automotive Wiring Harness Market is poised to grow at a sustainable CAGR for the next forecast year.