The wiring harnesses and connectors for the electric vehicles market is projected to reach $22.87 billion in terms of revenue by 2031 at a CAGR of 23.4%, reveals the premium market intelligence study by BIS Research.
The automotive industry is experiencing rising adoption of electric vehicles due to changing consumer preferences, rising concerns regarding driver safety, environmental concerns, and acute government regulations and policies.
Over time, the automotive industry is evolving, and technical advancements are being made for electric vehicle accessories such as battery systems, cooling systems, wiring harness systems, and other infrastructure. Wiring harnesses remain to be one of the most crucial components of any vehicle as they comprise one of the heaviest and most expensive parts of the vehicle.
The detailed study is a compilation of 249 Market Data Tables and 52 Figures spread through 265 Pages and in-depth TOC on “Wiring Harnesses and Connectors for Electric Vehicles Market – Analysis & Forecast, 2020-2031”
USP of the Report
- A dedicated section focusing on the current and futuristic trends adopted by the key players operating in the wiring harnesses and connectors for electric vehicles market.
- Extensive competitive benchmarking of top 15 players offering a holistic view of the wiring harnesses and connectors for electric vehicles market landscape.
- Qualitative and quantitative analysis of wiring harnesses and connectors for electric vehicles market at the region and country-level and granularity by application and product segments.
Analyst’s Take on the Market:
According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The regional production of electric vehicles is a detrimental factor in the wiring harnesses and connectors for electric vehicles market. With the increasing popularity of alternate energy vehicles, the market for high voltage wiring harnesses is also witnessing a boom. Thicker and fuller wires are used in electric vehicles when compared to ICE vehicles, which increases the weight and reduces the range of the car, for which light-weight materials such as aluminum are being used.”
View the report on Wiring Harnesses and Connectors for Electric Vehicles Market
Key Companies Operating in the Market and Competition Landscape
Sumitomo Electric Industries, Ltd., Leoni AG, Aptiv PLC, Fujikura Ltd., Kromberg & Schubert GmbH, Coroplast Group, SINBON Electronics Co., Ltd., Korea Electric Terminal Co., Ltd., EG Electronics, LS Cable & System Ltd., TE Connectivity, ACOME, Gebauer & Griller, Continental AG, and Lear Corporation are the key companies operating in the market.
The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the wiring harnesses and connectors for electric vehicles market.
Who Should Buy this Report?
- Electric vehicle OEMs
- Tier1 and Tier2 component manufacturers
- Wiring harnesses and connectors manufacturers
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