Automotive Wiring Harness Market, By Component (Connectors, Wires (General Wires, Heat Resistant Wires, Shielded Wires, and Tubed Wires), Terminals), By Material Type (Metallic Wiring (Copper and Aluminum) and Optical Wiring (Glass Optical fiber and Plastic Optical fiber)), By Propulsion System (IC Engine Vehicles, Electric Vehicles (Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), and Battery Electric Vehicle)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Automotive wiring harness connects various components of a motor vehicle that requires electricity for functioning such as starter, battery, and alternator. An automotive wiring harness simplifies the wiring connection of automotive cars. The wiring harnesses are assembled with high-temperature grade materials, owing to exposure to excessive heat inside the vehicle engine. In addition, the increasing number of vehicle sales across the globe is boosting the growth of the wiring harness market. For instance, according to Coherent Market Insights, auto sales in U.S. are expected to increase by approximately 10% in year 2021.Electric vehicles contain many complex components such as an electric traction motor, battery, onboard charger, controller, electric traction motor, and DC / DC converter. The electric vehicle components require a complex wiring harness system for data and signal transmission. Moreover, the wiring harness system of electric vehicles should be able to operate in a high-temperature situation such as battery harness, which is expected to boost the demand for wiring harness systems over the forecast period.
Market Dynamics
One of the key driving factors in the automotive wiring harness market is the increasing integration of advanced electronic systems and technologies in modern vehicles. Modern vehicles are equipped with a wide range of advanced electronic systems and features, including advanced driver-assistance systems (ADAS), infotainment systems, connectivity features, electric powertrains in electric vehicles (EVs), and more. These electronic systems require intricate wiring harnesses to connect and power various components. Stringent safety and regulatory requirements in the automotive industry have led to the integration of safety-related systems such as airbags, anti-lock braking systems (ABS), electronic stability control (ESC), and more. These safety systems rely on complex wiring harnesses to function effectively, driving the demand for advanced harnesses that meet safety standards.
Key features of the study:
- This report provides an in-depth analysis of the global automotive wiring harness market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global automotive wiring harness market based on the following parameters–regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered in the global automotive wiring harness market include Sumitomo Electric Industries, Ltd, Lear Corporation, Leoni AG, Motherson Group, Yazaki Corporation, Aptiv PLC, Furukawa Electric Co, Delphi Automotive LLP, Furukawa Electric Co. Ltd, Nexans Autoelectric, Yura Corporation, THB Group, BorgWarner, Inc, Nexans Autoelectric GmbH, and AmWINS Group Inc.
- These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
- Global automotive wiring harness market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive wiring harness market
- By Component:
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
- Connectors
- Wires
- Terminals
- By Material Type:
- Copper
- Aluminum
- Glass Optical fiber
- Plastic Optical fiber
- Metallic Wiring
- Optical Wiring
- By Propulsion System:
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle
- IC Engine Vehicles
- Electric Vehicles
- By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Sumitomo Electric Industries, Ltd
- Lear Corporation
- Leoni AG
- Motherson Group
- Yazaki Corporation
- Aptiv PLC
- Furukawa Electric Co
- Delphi Automotive LLP
- Nexans Autoelectric
- Yura Corporation
- THB Group
- BorgWarner, Inc
- AmWINS Group Inc
- Furukawa Electric Co. Ltd
- Nexans Autoelectric GmbH
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