Automotive Secondary Wiring Harness

Automotive Secondary Wiring Harness

The automotive secondary wiring harness market refers to the industry that produces and supplies wiring harnesses for use in automobiles and other vehicles. The wiring harness is a critical component of a vehicle's electrical system, connecting various electrical components and systems, such as lights, airbags, and engine control systems.The primary drivers of the automotive secondary wiring harness market include the increasing demand for electric and autonomous vehicles, the growing need for advanced driver assistance systems (ADAS), and the increasing demand for lightweight and high-performance wiring harnesses.

The Automotive Secondary Wiring Harness Market is expected to grow at a strong CAGR of 12% during the forecast period owing to the growing demand for electric and autonomous vehicles is driving the development of new and innovative wiring harnesses that can meet the specific needs of these vehicles. For example, electric vehicles require wiring harnesses that can handle the increased power requirements and support the use of advanced technologies such as regenerative braking and energy storage systems. In addition, the increasing demand for ADAS is driving the development of wiring harnesses that can support the use of advanced sensors and cameras for enhanced safety and convenience. For instance, in April 2021, Leoni, a leading provider of wiring systems and solutions for the automotive industry, announced that it had signed a long-term agreement with a major automotive manufacturer to supply high-voltage wiring systems for electric vehicles.

• Based on application, the market is segmented into the cabin, door harness, engine harness, airbag harness, electronic gear shift system, electronic parking brakes, and others. Amongst these, the cabin segment has a significant share of the automotive secondary wiring harness market due to the increasing demand for advanced electronic systems and features in vehicles. The cabin segment includes wiring harnesses used for powering and connecting various electrical components in the vehicle's interior, such as HVAC systems, entertainment systems, and advanced driver assistance systems (ADAS). Furthermore, the increasing demand for advanced electronic systems in vehicles, such as infotainment systems, navigation systems, and ADAS, is driving the growth of the cabin segment.
• By vehicle type, the market is segmented into passenger vehicle, commercial vehicle, and others. Among these, the commercial segment has the highest share of the automotive secondary wiring harness market due to the increasing demand for electric and hybrid vehicles in this segment. Commercial vehicles, such as buses, trucks, and vans, are typically used for transporting goods and people over long distances, and as a result, they require a high level of power and efficiency. Additionally, the increasing demand for electric and hybrid vehicles in the commercial segment is driving the growth of the automotive secondary wiring harness market. Electric and hybrid vehicles require a high number of wiring harnesses to connect various components, such as batteries, electric motors, and control systems.
• On the basis of electric vehicle type, the market is segmented into BEV, PHEC, and HEV. The HEV (Hybrid Electric Vehicle) segment has the highest share of the automotive secondary wiring harness market due to the increasing demand for hybrid and electric vehicles. HEVs use a combination of electric and traditional internal combustion engine power to provide better fuel efficiency and reduced emissions. Moreover, the HEV segment has the highest share of the automotive secondary wiring harness market due to the increasing demand for hybrid and electric vehicles. HEVs use a combination of electric and traditional internal combustion engine power to provide better fuel efficiency and reduced emissions.
• For a better understanding of the market adoption of the automotive secondary wiring harness, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. The Asia Pacific region has a dominant share in the automotive secondary wiring harness market due to several factors. Firstly, the rapidly growing automotive industry in the region, resulting in a high production volume of vehicles, is the primary factor driving the demand for wiring harnesses, and thus the market for automotive secondary wiring harnesses. Secondly, the presence of globally renowned automotive OEMs such as Toyota, Honda, and Volkswagen, who are major consumers of automotive secondary wiring harnesses, has a significant impact on the market as their demand drives the market. Thirdly, the region has a considerable number of automotive suppliers who manufacture a range of components including wiring harnesses for the automotive industry, and this large supplier base is expected to increase the demand for automotive secondary wiring harnesses. Lastly, the focus on cost-competitiveness and value-for-money in the region makes it an attractive destination for automotive manufacturers looking to set up production facilities, leading to the establishment of a large number of automotive manufacturing facilities in the region, which in turn drives the demand for automotive components, including wiring harnesses.
• Some of the major players operating in the market include LEONI AG, Yazaki Corporation., Aptiv., Sumitomo Electric Industries, Ltd., Lear Corp., Motherson., Furukawa Electric Co. Ltd, Fujikura Ltd., Coroplast Fritz Müller GmbH & Co.KG, and DRÄXLMAIER GROUP.