Theglobalautomotive wiring harness market is expected to grow at a CAGR of 3.90%during the forecast period. Based on the application, the global automotivewiring harness market has been segmented into chassis, sensors, andHVAC.
The high applications of wiringharness in chassis and their control systems are contributing to the revenuegeneration of the market in focus. The growing integration of automotiveelectronics in automotive chassis control systems is driving the revenuegeneration of the segment in focus. Additionally, factors such as growingdemand for premium or luxury-segment vehicles are further acting as growthenablers for the chassis segment.
The penetration of electroniccomponents and systems in automotive chassis has increased over the years.Factors such as technological developments and innovations have driven theelectrification of chassis control systems. Additionally, the emerging customerneeds and growing competition in the global automotive market have played acritical role in driving the uptake of chassis electronic systems. Thesefactors have contributed to the revenue generation of chassis wiring harness.Hence, the chassis segment of the global automotive wiring harness market isexpected to grow moderately during the forecast period.
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