Press release
Latest Trends in Global Electric Vehicle Wiring Harness Market
It plays a pivotal role in transmitting power, data, and signals between various electrical and electronic components within the vehicle, ensuring its smooth and efficient operation.
This intricate assembly of wires is responsible for connecting and supplying power to vital EV components such as the battery, electric motor, charging system, lighting, sensors, and control units.
As the global automotive industry experiences a significant shift toward electric mobility, the demand for electric vehicle wiring harnesses is on the rise.
This market is continually evolving to meet the growing need for innovative wiring solutions that can accommodate the complexities of modern electric vehicles, making it a crucial element in the broader transition to sustainable transportation.
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TECHNOLOGICAL ADVANCEMENTS
The rapid introduction of new technologies and the influx of automotive start-ups into the market have led to a multitude of challenges for harness development.
OEMs and startups alike must consider the number and sophistication of technology features they integrate into their vehicles as they have a direct effect on harness weight, bundle diameter, and cost.
Electrification, autonomous drive and driver assistance, artificial intelligence, and connectivity features all place additional burden on the wiring harness.
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GOVERNMENT SUPPORT
The surge in adoption of electric vehicles is supported by government initiatives to offer benefits on the purchase of electric vehicles. Moreover, the integration of advanced features in vehicles requires wiring harnesses, which are expected to act as a growth driver for the market.
The efforts of President Biden's Investing in America agenda to onshore and re-shore domestic manufacturing of technologies that are critical to reaching the clean energy and transportation future.
Most wire harness production for the U.S. market currently occurs in countries with low labor costs due to the complex processes associated with traditional wire harness assembly.
CelLink's flex harnesses address this shortcoming and help enable U.S. manufacturing of these components through new proprietary technology. The flat design of CelLink's flex harnesses can reduce vehicle weight and provide better heat dissipation for improved propulsion system efficiency, as well as lower vehicle manufacturing costs.
RECENT DEVELOPMENT
Sumitomo Electric Industries, Ltd. has accelerated the development of an automotive optical harness. The Sumitomo Electric Group will contribute to the advancement of CASE*1 through high-speed, large-capacity communication by combining optical communication technology and wire harness technology that the Group has cultivated over many years.
The automotive industry is facing a once-in-a-century period of change due to the accelerated progress of CASE and the entry of companies from other industries.
The optical harness under development is a product capable of ultra-high-speed communication with a transmission speed of over 10 Gbps, supporting large-capacity data communication inside and outside the vehicle, and responsible for data communication of high-resolution sensors required for autonomous driving.
In addition, it contributes to the progress of CASE by realizing simultaneous data transmission to multiple terminals using an optical signal-splitting function.
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Global EV Charging Cable Market 2023-2030: https://mobilityforesights.com/product/ev-charging-cable-market/
Global EV Connector Market 2023-2030: https://mobilityforesights.com/product/ev-connector-market/
FAQs
How many Electric Vehicle Wiring Harness are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global Electric Vehicle Wiring Harness and key vendor selection criteria
Where is the Electric Vehicle Wiring Harness manufactured? What is the average margin per unit?
Market share of Global Electric Vehicle Wiring Harness market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Global Electric Vehicle Wiring harnesses in-house
key predictions for next 5 years in the Global Electric Vehicle Wiring Harness market
Average B-2-B Electric Vehicle Wiring Harness market price in all segments
Latest trends in Electric Vehicle Wiring Harness market, by every market segment
The market size (both volume and value) of the Electric Vehicle Wiring Harness market in 2023-2030 and every year in between?
Production breakup of the Electric Vehicle Wiring Harness market, by suppliers and their OEM relationship
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