Automotive Wiring Harness Market: Industry Analysis and Forecast (2022-2029) by Component, Application and vehicle type

Automotive Wiring Harness Market size was valued at USD 47.2 Bn. in 2021 and the total revenue is expected to grow at 4.8% of CAGR through 2022 to 2029, reaching nearly USD 68.68 Bn.
Automotive Wiring Harness Market Overview:
Wire harnesses are assemblies of electric cables that transmit signals in the electric application. They are a collection of loose wires bundled into a single coverage for a more organised system. Wire harnesses of this type are used in a variety of industries, with the automotive industry being one of the largest consumers.

For the best performance, automotive wire harnesses employ a wide range of wire harnesses. These harnesses integrate the wiring of various electrical and electronic devices into a single system. The global sale of electric vehicles in 2021 increased by 40% and it is expected to account for about xx% of the overall vehicle sales by the end of 2029. The automotive wiring industry is undergoing change. The automotive wiring industry is undergoing a transformation. The way firms design, create, manufacture, and supply car wiring harnesses has changed dramatically, thanks to the increasing growth of electronic content in vehicles and the coming of electrification and autonomous systems. The automotive business is moving at a dizzying speed, and automakers have had to make some significant portfolio modifications to keep up with shifting electronics demandsTo know about the Research Methodology :- Request Free Sample Report
Research Methodology
Bottom-up approach has been used to collect data and estimate the market size by countries. Bottom-up approach has helped to focus on local market and to get deep insight into different segment that are covered in the report. Comprehensive analysis of market drivers and restraints analysed locally, regionally, and globally have helped our analyst to estimate and forecast the market size without leaving any aspect that has affected the business internally or externally.

Primary and secondary data collection methods were used to collect data. Online primary interviews were carried out with selected respondents which were selected by keeping whole business ecosystem into account. Primary respondents include representatives from manufacturing TIER 1, TIER 2 companies, and OEMs. Some of the industry experts are also interviewed to validate the key findings.

Secondary research sources such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA) are referred. Details list of sources are given in the report wherever internal data is not used. Apart from government database, associations, annual reports for listed companies and paid database for unorganized players are referred.
Automotive Wiring Harness Market Dynamics:
Advance fetchers in vehicle

The growing awareness of the importance of safety and security has increased the demand for driver assist technologies (ACC, BSD, AFL, and LKA) that integrate advanced features in vehicles. Furthermore, vehicle manufacturers must adhere to safety regulations and include features such as airbags. Passive safety features have been mandated by the Bharat New Vehicle Safety Assessment Programme (BNVSAP). For example, starting in July 2019, standard fitment for driver-side and front passenger-side airbags was mandated for all new models starting in April 2021 and all existing models starting in September 2021 in India. Automatic emergency braking systems are expected to be standard in vehicles in the United States by 2022, according to the NHTSA (National Highway Traffic Safety Association). The incorporation of multimedia and security systems has increased the rate of installation of wiring harnesses. To improve the driving experience, comfort features such as voice recognition system, ambient lighting system, heated seat, heated steering wheel, improved functionality of infotainment, digital IP display, cooled cupholder, and additional power steering functions have gained popularity. These functions are carried out with the assistance of onboard electronic devices that use control signals powered by the battery. To transfer data, signals, and power, electronic devices require a wiring harness. In addition to these circuits, wiring harness bundles are installed in vehicles to ensure the proper operation of various features. The growing number of wiring harnesses required to design a vehicle with advanced features drives the growth of the automotive wiring harness market.

Less life span hindering the wire harness market

The vehicle has several electrical failures, including non-functional front and rear lights, a dead battery, lights, an alternator, and an ignition failure, may sometimes occur due to wiring harness failures. The wiring harness can bend due to rapidly changing environments such as extreme hot to extremely cold temperatures and rapid temperature shifts. These issues can corrode the wiring harness and reduce its lifespan of the wiring harness. Sumitomo, for example, created the aluminium wiring harness, which connects the aluminium wires to the copper-based terminals. Galvanic corrosion occurs when this combination of aluminium and copper comes into contact with saltwater or another electrolyte solution. One of the major factors restraining the growth of aluminium wiring harnesses is corrosion.

Corrosion damages the wire harness

Corrosion damages the sensor system, which is powered by the wiring harness. Furthermore, excessive corrosion can result in voltage and current flow degradation, which a sensor may interpret as a system fault. The fault can cause safety systems like airbags and anti-lock braking to fail. This causes a variety of issues, including wire wear and the possibility of a fire. Vehicles are subjected to routine maintenance and repair, which frequently involves the use of a corrosive lubricant solution, which damages the wiring harness and leads to electronics failure. Corrosion can also affect other wires, and damage can cause a widespread system failure. As a result, wiring harness corrosion could be a significant restraint for the automotive wiring harness market.

Market Opportunity:

Specialty cables are in greater demand as a result of their lighter weight, lower cost, and smaller bundle diameter. There will be a high demand for cameras, displays, and other infotainment applications, which will lead to the development of methods to combine video and camera signals into a single specialist cable, reducing the weight and cost of wiring harnesses even further. For lightweight and high-speed harnesses, OEMs prefer aluminium and optical Fibre. Fibre optic cable is more resistant to environmental factors than copper cable. As a result, manufacturers are turning to optical Fibre for high-speed data transmission. Manufacturers may benefit from developing a lightweight aluminium wiring harness, a harness made of aluminium and copper alloys, the use of high voltage coax, and the use of optical fibers in the wiring harness.
Automotive Wiring Harness Market Segment Analysis:
Based on components, the market is segmented into electric wires, connectors, terminals and others, the terminal segment held a significant share in 2021 and is expected to be the fastest-growing market. Wiring harness terminals are the components where the wire ends or connects to other components. The type of terminal required, like wiring harness connectors, depends on the intended application and can vary in shape, size, and insulation requirements. When protection from temperature, moisture, or environmental conditions is not required, non-insulated terminals are a more cost-effective option.

Wires, wiring harness connectors, and terminals are the three main components of a wire harness. There are various terminal and wiring connector types available depending on the intended environment. Wire harnesses are commonly used in applications such as electronics, aerospace, medical, automotive, and military hardware. Wire harnesses, the third component, can be used to protect and organize almost any wire type, including discrete (lead) wires, multi-conductors, solid and stranded cables, hook-ups, and more.

Based on product, this segment is expected to take the lead in automotive wiring harness applications due to increased demand for automotive wiring harnesses in chassis applications such as frames, air brake pumps, suspension systems, and others. According to MMR, the chassis harness segment is expected to account for more than xx% of the market in 2021.

The chassis is a frame-like skeleton in which all parts of the machine are installed. The main criteria for the development of electric vehicle chassis are rigidity, strength and cost elimination. The chassis is the most important part of an electric vehicle, representing safety and life.

Based on Vehicle Type, the “Passenger Cars” held the largest share of around 50% of the entire market in 2021. The types of harnesses are used for all types of vehicles like passenger cars, commercial vehicles, two-wheelers and three-wheelers, multi-utility vehicles, farms, material handling equipment and off-the-road vehicles.

All automotive harnesses are designed to perform under extreme conditions with uninterrupted service and can thus withstand heavy loads. Aside from the standard types, there are also special varieties such as bus harnesses, truck harnesses, and wiring harnesses for four/two-wheelers.

Power windows, horn relay and connector, dimmer switch connector, power door locks, the circuit breaker for headlights, backup lights, ignition switch connectors horn, cigarette lighter, engine fan, radio battery, wipers, brake lights, and many other applications require an automobile wiring harness.
Automotive Wiring Harness Market Regional Insights:
The Asia Pacific held the maximum share of the market in 2021. Asia-Pacific region, which includes China, India, Japan, South Korea, Thailand, and the rest of Asia-Pacific. In terms of value, the Asia-Pacific region will account for more than 55% of the global automotive wiring harness market in 2021. Increased vehicle production in China, India, and Japan aided market expansion. In 2021, China was also the largest contributor to overall automotive wiring harness sales in the Asia-Pacific region (approximately 60%).

During the forecast period, China is expected to dominate the Asia-Pacific automotive wiring harness market. China is the world's largest manufacturer of automobiles. As a result, the market for automotive wiring harnesses in China is expected to expand rapidly. Chinese OEMs are emphasizing the use of lightweight materials for wiring harnesses. As a result, wiring harness manufacturers are increasingly turning to materials like aluminum. Aluminum penetration in wiring harnesses is currently limited. As a result, the region is expected to dominate the market in 2021, with a 60.3% share.

According to MMR resurch Yazaki and Sumitomo Electric Industries; Aptiv, Leoni and Lear are typical second-echelon players; the third-echelon players are led by Draexlmaier, Kromberg & Schubert, Furukawa Electric, Yuratech, Kyungshin and Fujikura are some of the key players of automotive wire harness in China

The objective of the report is to present a comprehensive analysis of the Automotive Wiring Harness Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Automotive Wiring Harness Market Scope: Inquire before buying



Automotive Wiring Harness Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 47.2 Bn.


Forecast Period 2022 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 68.68 Bn.


 Segments Covered:
by Component
• Electric wire
• Connector
• Terminals
• Other


by Application
• Body
• Engine
• Chassis
• HVAC
• Sensors


by Vehicle type
• Passenger car
• Commercial vehicles



Automotive Wiring Harness Market, by region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Finland, Austria and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina and Rest of South America)
Automotive Wiring Harness Market Key Players are:
• Aptiv PLC (US)
• Delphi Automotive LLP (US)
• The Harness Connection (US)
• Lear Corporation (US)
• QINGDAO SANYUAN GROUP (US)
• Fujikura Ltd (Japan)
• Furukawa Electric Co. Ltd. (Japan)
• Sumitomo Electric Industries, Ltd. (Japan)
• THB Group (UK)
• Nexans (France)
• Yura Corporation (Korea)
• Leoni Ag (Germany)
• PKC Group (Finland)
• Minda Spark (India)
• Devise Electronics Pvt. Ltd. (India)
• EMDEP TestBoards (India)
• Samvardhana Motherson Group (India)
• AutoelectricYazaki Corporation (India)

Frequently Asked Questions:

1. What is the forecast period considered for the Automotive Wiring Harness Market report?
Ans. The forecast period for the Automotive Wiring Harness Market is 2021-2029.

2. Which key factors are hindering the growth of the Automotive Wiring Harness Market?
Ans. Less life span hindering the wire harness market

3. What is the compound annual growth rate (CAGR) of the Automotive Wiring Harness Market for the forecast period?
Ans. 4.8% of CAGR is the compound annual growth rate of the automotive wiring Harness market.

4. What are the key factors driving the growth of the Automotive Wiring Harness Market?
Ans. Advance fetchers in vehicles and safety appliances are driving the market growth.

5. Which are the worldwide major key players covered for the Automotive Wiring Harness Market report?
Ans. PKC Group, Minda Spark, Devise Electronics Pvt. Ltd., The Harness Connection, EMDEP TestBoards