Global Automotive Wiring Harness Market Set to Grow to USD 59.5 Billion by 2030

The global automotive wiring harness market is projected to grow from USD 48.7 billion in 2023 to USD 59.5 billion by 2030, at a CAGR of 2.9% during the forecast period. Major players in the electric powertrain market include Yazaki Corporation, Sumitomo Electric Industries, Aptiv PLC, Furukawa Electric, and Leoni AG. The demand for automobiles and the need for automotive wiring harnesses are driving market growth. The growing demand for EVs and ADAS features is expected to boost technological advancements in the wiring harness market. The optical fiber segment is projected to be the fastest-growing market, driven by the demand for high-speed data transmission and advanced electronic systems. The Asia-Pacific region, particularly China and India, is expected to experience rapid market growth due to the increasing production of vehicles and the demand for advanced safety features. The transition towards electric vehicles in the region is also expected to significantly impact the automotive wiring harness market.