The global automotive signaling wire market is anticipated to grow at a significant CAGR of 6.4% during the forecast period (2022-2028). An automotive signaling wire is an assembly of wires and cables, which transmit electric power and signals. The increased vehicle penetration and the growth in preference for having a smart communication system installed in the automotive vehicle are boosting the growth of the global automotive signaling wire market. The rising implementation of advanced technology in the individual’s vehicle is also boosting the demand for the automotive signaling wire market growth. Additionally, the rising demand for highly sophisticated safety and security features in vehicles with central locking and anti-theft sensors along with engine locking systems is generating new opportunities for development in the market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In July 2021, Renesas Electronics Corp. announced the launch of its new Automotive HD Link technology that enables automotive manufacturers to deliver high-definition video over low-cost cables and connectors that currently support standard-definition video. HD video is an important in-car safety system for object recognition functionality.
- In July 2019, Tesla revealed its revolutionary new wiring architecture that enables more robot automation in the manufacturing process and uses fewer materials for its upcoming cars, such as the Model Y and Tesla Pickup truck.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Fujikura Ltd., YAZAKI Corp., Coroplast, FURUKAWA ELECTRIC CO., LTD., BorgWarner Inc., Lear, and THB – a trading name of Amwins Global Risks Group Ltd., among others.
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Global Automotive Signaling Wire Market Report by Segment
By Type
- PVC
- Cross-linked Polyethylene
By Deployment
- Front
- Control
- Floor
- Roof
- Door
- Trunk lid
- FPAS
- RPAS
- Battery
By Application
- Automobile Manufacture Industry
- Automobile Aftermarkets Industry
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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