Automotive Wiring Harness Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: Future Market Insights

An automotive wiring harness is an assembly of electrical wires, connectors and other parts, or an electrical wiring system, used to transfer information and energy in automobiles. The role of wiring harness is to electrically connect electronic devices and electrical components mounted in automotive and machines, such as copiers, for the transmission of information and power.

Browse Full Report@ http://www.futuremarketinsights.com/reports/details/global-automotive-wiring-harness-market

An automotive wiring harness consists of six major components, which include the electric wire, the protector, the grommet, the terminal, the tape and the clamp.The other components include cables, connector systems, transfer switches, power and signal amplifier and distribution systems, control systems, jumper harness, electronic signal integration technologies, and other required peripherals.

Advancement in automotive features such as driver assistance systems, safety systems, in-car entertainment systems, GPS systems and so on, has createdthe need for sophisticated wiring harness systems in the automotive industry.The automotive wiring harness industry has shown much advancement in increasing the efficiency of harness.With the addition of features and designs of new vehicle models, the wiring harness segment has beenundergoing constant change.Commonly witnessed trends in the industry are modular design, use of CAD and 3D modelling, re-using wiring materials at the end of their service lives, and designing rule checks.

The demand for wiring harnessesinthe automotive industry is directly dependent on the sale and production of automobiles. Global automotive production is projected to grow between a CAGR of 5% and 7% over next five years. On account of increasing sales in the automotive industry,the global wiring harness market is expected to grow at a CAGR of around 11-12% from 2014 to 2020. Globally, the AsiaPacific region has been dominating the wiring harness market...