Elettronica
BIS Research Study Highlights the Wiring Harnesses and Connectors for Electric Vehicles Market to Reach $22.87 billion by 2031
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.
According to , "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."
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.
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