Automotive Wiring Harness Market Size - By Connector (Coaxial, Twisted Pair), By Terminal (Coaxial connectors, Twisted Pair), By Application (Camera, ADAS & automotive driving, V2X, 5G, Antenna, Radars, Infotainment & Entertainment), By Protocol & Forecast, 2024 - 2032
Global Automotive Wiring Harness Market will register a 5.5% CAGR between 2024 and 2032, attributed to continuous advancements in automotive electronics and connectivity solutions, in line with the launch of new service centers. As vehicles incorporate more sophisticated features such as infotainment systems, autonomous driving capabilities, and advanced safety technologies, the demand for complex wiring harnesses increases.
Additionally, the expansion of service centers provides opportunities for upgrading and replacing wiring systems, which will further contribute to market growth and expansion. Manufacturers are actively establishing state-of-the-art facility centers to enhance their market presence, offering advanced and efficient solutions for wire harnessing, thereby solidifying their market share. For instance, in September 2023, Samvardhana Motherson International Ltd. (SAMIL), an auto component manufacturer, inaugurated a new facility specializing in wiring harnesses in the United Arab Emirates (UAE).
The automotive wiring harness market is fragmented based on connector, protocol, and region.
The coaxial segment will establish a substantial market foothold by 2032. Coaxial cables offer excellent performance in transmitting high-frequency signals, making them indispensable for modern vehicle communication systems. With the increasing integration of advanced features like in-car entertainment, GPS navigation, and telematics, the demand for coaxial wiring harnesses is on the rise. Their ability to efficiently carry data while minimizing interference will position the coaxial segment as a pivotal player in meeting the connectivity needs of next-generation automobiles.
The multigig (25-50Gbit) segment will capture a notable market share by 2032. As vehicle systems become more sophisticated, there's a growing need for high-speed data transmission, driving the demand for multi-gig wiring solutions. These harnesses facilitate seamless communication between various components, such as advanced driver assistance systems (ADAS) and infotainment systems. With automotive technology advancing rapidly, the multi-gig segment will maintain its dominance, catering to the evolving connectivity requirements of modern vehicles.
North America automotive wiring harness industry will grow at a remarkable CAGR during 2024 and 2032, driven by the region's technologically advanced automotive sector, stringent safety regulations, and a burgeoning market for electric and hybrid vehicles. Additionally, robust investments in research and development will further bolster North America's position. With these factors combined, the region will significantly contribute to the growth and innovation within the automotive wiring harness market.
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources.
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automotive wiring harness industry 360º synopsis, 2018 - 2032