#automotive wire harness

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[vynzresearchreport]

Automotive Wire Harness Market Size, Share, Trends, Growth, Demand, Opportunity, Competitive Analysis, and Forecast 2021-2027

An automotive wiring harness is a collection of wires and connectors that transmit electrical signals and power throughout a vehicle. It is a critical component of any vehicle, as it allows the various electronic systems to communicate and function properly.

The global automotive wire harness market is expected to grow at a CAGR of 5.8% from 2021 to 2027, reaching a value of $75 billion by 2027. This growth is being driven by a number of factors, including the increasing complexity of vehicles, the growing demand for electric vehicles, and the rising focus on safety.

Market Drivers

The increasing complexity of vehicles: As vehicles become more complex, the demand for automotive wiring harnesses that can accommodate the increasing number of electronic components is growing. For example, the average passenger car now contains over 100 electronic control units (ECUs), each of which requires its own wiring harness.

Growing demand for electric vehicles: Electric vehicles (EVs) are becoming increasingly popular, and this is driving demand for automotive wiring harnesses that are designed for EVs. EVs have a different electrical architecture than traditional gasoline-powered vehicles, and they require specialized wiring harnesses that can handle the high voltage and current requirements of EVs.

Rising focus on safety: The automotive industry is placing increasing emphasis on safety, and this is leading to the development of new safety features that require automotive wiring harnesses. For example, advanced driver-assistance systems (ADAS) require complex wiring harnesses to connect the various sensors and actuators that make up these systems.

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Market Trends

Shift towards lightweight wiring harnesses: There is a growing trend towards lightweight wiring harnesses in the automotive industry. This is due to the fact that lightweight wiring harnesses can help to improve fuel efficiency and reduce emissions.

Increased use of high-speed data transmission wiring harnesses: The increasing use of high-speed data transmission in vehicles is driving demand for automotive wiring harnesses that can support these high-speed applications.

Growing adoption of modular wiring harnesses: Modular wiring harnesses are becoming increasingly popular in the automotive industry. This is because modular wiring harnesses are easier to manufacture and install, and they can be customized to meet the specific requirements of different vehicles.

Market Segmentation

The global automotive wiring harness market is segmented by vehicle type, propulsion type, region, and application.

By vehicle type: The market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.

By propulsion type: The market is segmented into gasoline vehicles, diesel vehicles, hybrid vehicles, and electric vehicles.

By region: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

By application: The market is segmented into body, chassis, engine, and interior.

Competitive Landscape

The global automotive wire harness market is highly competitive, with a number of major players vying for market share. Some of the leading players in the market include Yazaki Corporation, Sumitomo Electric Industries, Leoni AG, Delphi Automotive, and Lear Corporation.

Future Outlook

The global automotive wiring harness market is expected to continue to grow in the coming years. This growth will be driven by the increasing complexity of vehicles, the growing demand for electric vehicles, and the rising focus on safety.

Conclusion

The global automotive wiring harness market is a dynamic and growing market. The market is being driven by a number of factors, including the increasing complexity of vehicles, the growing demand for electric vehicles, and the rising focus on safety. The market is expected to continue to grow in the coming years, and the leading players in the market are well-positioned to capitalize on this growth.

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Source: VynZ Research

[rajanreddy]

Automotive Wiring Harness Market Set to Soar to USD 119.31 Billion by 2033 with 8% CAGR

The global Automotive Wiring Harness Market is expected to reach a staggering value of USD 119.31 Billion by 2033, according to Future Market Insight. This projection reflects a CAGR of 8%, highlighting substantial growth compared to the projected value of USD 55.26 billion in 2023.

The automotive industry is experiencing a remarkable trend towards vehicle electrification, driven by the urgent need for improved fuel efficiency and reduced emissions. As electric and hybrid vehicles become more prevalent, the demand for sophisticated wiring systems and harnesses increases. These wiring systems and harnesses connect various components such as batteries, motors, inverters, and charging infrastructure. The rising demand results from the need for efficient and reliable connections in these vehicles.

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The global automotive industry is undergoing a remarkable transformation with the increasing adoption of electric vehicles. As the demand for cleaner and greener transportation solutions rises, so does the need for high-voltage wiring harnesses. These harnesses efficiently transmit power between the battery, motor, and electronic components. The surge in electric vehicle adoption drives the automotive wiring harness market.

A growing concern for road safety has increased the demand for advanced vehicle safety features. Examples of these features include Advanced Driver Assistance Systems (ADAS), collision avoidance systems, lane departure warnings, and adaptive cruise control. To support these technologies, robust and intricate wiring harnesses are essential. Wiring harnesses facilitate the seamless integration of sensors, cameras, and control units.

The integration of advanced infotainment systems, telematics, and connectivity features in modern vehicles demands sophisticated wiring systems. These wiring harnesses enable the smooth transfer of data and seamless communication between diverse vehicle components. As consumer demand for connected cars continues to soar, the need for state-of-the-art wiring harnesses becomes increasingly pronounced.

Nowadays, vehicles are equipped with electronic systems, infotainment features, navigation systems, and connectivity options. The demand for seamless integration and functionality increases the need for efficient and reliable wiring harnesses. Wiring harnesses are critical in transmitting data and power effectively throughout the vehicle. As in-car connectivity and advanced infotainment systems continue to evolve, the demand for advanced wiring harnesses is expected to rise further.

Governments worldwide implement stringent regulations for vehicle safety, fuel efficiency, and emission standards. These regulations require specific safety features and technologies in vehicles, leading to the need for additional wiring harnesses. Automotive manufacturers strive to comply with these regulations. Safety features like airbags, anti-lock braking systems (ABS), and electronic stability control (ESC) rely heavily on robust wiring harnesses for their optimal functionality. As a result, the demand for automotive wiring harnesses intensifies.

The aftermarket segment presents substantial growth prospects for the automotive wiring harness market. As vehicles age, the need for wiring harness replacement and repair becomes increasingly prevalent. This creates significant opportunities for manufacturers and suppliers operating in the market. Moreover, the proliferation of electric vehicle charging stations necessitates the usage of wiring harnesses to support power transmission and facilitate seamless connectivity.

Key Takeaways from the Automotive Wiring Harness Market

The automotive wiring harness industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 7.6% through 2033.

The United States held a 17.8% share of the global automotive wiring harness industry in 2022.

With a CAGR of 7.8% over the forecast period, India is predicted to develop rapidly in the automotive wiring harness industry.

In 2022, Japan had a 5.2% share of the automotive wiring harness industry globally.

The automotive wiring harness industry in China is expected to flourish speedily, registering a CAGR of 8.2% over the forecast period.

Germany accounted for 4.7% of the global automotive wiring harness industry in 2022.

Competitive Landscape in the Automotive Wiring Harness Market

Key players are actively engaged in various strategies to maintain their market position and meet the evolving demands of the automotive industry. These strategies include product innovation, research and development, partnerships and collaborations, mergers and acquisitions, and geographic expansion. Companies are focusing on developing advanced wiring harness solutions that offer higher efficiency, increased durability, and improved performance. Additionally, they are investing in technologies such as electrification and autonomous driving to cater to the growing demand for electric vehicles and advanced driver-assistance systems. 

Key Companies Profiled In The Automotive Wiring Harness Market

LEONI Group

Samvardhana Motherson Group

Sumitomo Electric

Yazaki Group

Fujikura Ltd.

Lear Corporation

Furukawa Electric Co. Ltd

YURA Tech Corporation

Nexans

Key Segments Profiled In The Automotive Wiring Harness Market

By Product Type:

Chassis & Safety

Conventional Chassis

Semi-Forward Chassis

Full Forward Chassis

Body

Roof

Door & Window

Facia

Seat

Interior

HVAC

Engine

Sensors

By Vehicle Type:

Passenger Cars

Compact

Mid-Sized

SUV

Luxury

Light Commercial Vehicles

Heavy Commercial Vehicles

Electric Vehicles

BEV

PHEV

By Sales Channel:

First Fit

Replacement

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East and Africa (MEA)

Recent Developments by Key Players

In July 2022, Sumitomo Wiring Systems Ltd celebrated the opening of a state-of-the-art manufacturing plant dedicated to producing automotive wiring harness products. The facility is located within the Royal Group Phnom Penh Special Economic Zone in Cambodia.

In May 2022, Marelli introduced its new Wireless Distributed Battery Management System. It enables a significant reduction in wiring harness by 90%. This innovative system enhances the flexibility, efficiency, and reliability of electric vehicles while also offering cost savings.

[rushikesh-d]

Automotive Wiring Harness Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Wiring Harness Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Wiring Harness Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Wiring Harness Market is experiencing robust growth driven by the expanding globally. The Automotive Wiring Harness Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Wiring Harness Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Automotive Wiring Harness Market Size, Share & Industry Analysis, By Application Type (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, Speed Sensor Wiring Harness), By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2021-2028

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Key Strategies

Key strategies in the Automotive Wiring Harness Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Wiring Harness Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Wiring Harness Market.

Major Automotive Wiring Harness Market Manufacturers covered in the market report include:

Some of the major companies that are present in the automotive wiring harness market include Delphi Automotive, Leoni AG, Sumitomo Electric Industries, Yazaki Corporation, Lear Corporation, Furukawa Electric Company Ltd., THB Group, Samvardhana Motherson Group, Spark Minda, Nexans Auto electric, Yura Corporation, Fujikura Ltd., PKC Group, Quingdao Sanyuan Group, Kyungship Corporation, and Kromberg & Schubert, among the other players.

Rising demand for ADAS installations in vehicles and increasing consumer preference for automotive electrical components is expected to propel the growth of the market. Automotive wiring harness manufacturers have major growth opportunities owing to rising government regulations in developing nations for vehicle safety. Manufacturers are also collaborating with suppliers to develop high-quality systems to resist system failure.

Trends Analysis

The Automotive Wiring Harness Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Wiring Harness Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Wiring Harness Market Solutions.

Regions Included in this Automotive Wiring Harness Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Wiring Harness Market.

- Changing the Automotive Wiring Harness Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Wiring Harness Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Wiring Harness Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Wiring Harness Market?

► Who are the prominent players in the Global Automotive Wiring Harness Market?

► What is the consumer perspective in the Global Automotive Wiring Harness Market?

► What are the key demand-side and supply-side trends in the Global Automotive Wiring Harness Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Wiring Harness Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Wiring Harness Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[bhagyadeepcables11]

Driving Innovation: Bhagyadeep Cables Among the Top Automotive Wire Harness Manufacturers in the World

In the ever-evolving landscape of automotive engineering, wire harnesses stand as the unsung heroes, orchestrating the intricate dance of electrical connectivity that powers modern vehicles. As the automotive industry continues to push the boundaries of innovation and performance, the demand for high-quality wire harnesses has never been greater. In this realm of automotive connectivity, Bhagyadeep Cables shines as a beacon of excellence, recognized among the top manufacturers of automotive wire harnesses worldwide.

Pioneering Precision Engineering:

Bhagyadeep Cables epitomizes the art of precision engineering, crafting wire harnesses that seamlessly integrate into the complex ecosystems of modern automobiles. With a legacy of excellence and a team of skilled artisans, they leverage cutting-edge technology and advanced manufacturing processes to produce wire harnesses of unparalleled quality and reliability. From concept to production, every harness undergoes rigorous testing and validation to ensure optimal performance under the harshest automotive conditions.

Global Footprint, Local Expertise:

Despite their global presence, Bhagyadeep Cables remains rooted in a culture of local expertise and customer-centricity. With manufacturing facilities strategically located across the globe, they have the agility to cater to the unique requirements of automotive manufacturers in different regions. Whether it's supplying wire harnesses for luxury vehicles in Europe or commercial trucks in Asia, Bhagyadeep Cables combines global reach with localized support to deliver tailored solutions that exceed expectations.

Innovation at the Core:

Innovation is the driving force behind Bhagyadeep Cables' ascent as a top automotive wire harness manufacturer. They invest heavily in research and development initiatives, collaborating closely with automotive OEMs to anticipate future trends and technological advancements. By incorporating the latest materials, design methodologies, and manufacturing techniques, they develop wire harness solutions that optimize performance, durability, and cost-effectiveness, setting new benchmarks for innovation in the automotive industry.

Quality without Compromise:

Quality is non-negotiable at Bhagyadeep Cables, and they uphold the highest standards of excellence at every stage of the manufacturing process. From sourcing premium materials to implementing stringent quality control measures, they ensure that every wire harness meets or exceeds the rigorous requirements of automotive OEMs and industry standards. Their commitment to quality has earned them the trust and confidence of leading automotive manufacturers worldwide.

Sustainability and Responsibility:

As stewards of the environment, Bhagyadeep Cables prioritizes sustainability and responsible manufacturing practices. They adhere to eco-friendly production processes, minimize waste generation, and invest in energy-efficient technologies to reduce their carbon footprint. By embracing sustainability as a core value, they not only contribute to environmental conservation but also inspire positive change within the automotive industry.

Strategic Partnerships for Success:

Bhagyadeep Cables understands the importance of strategic partnerships in driving mutual success and innovation. They collaborate closely with automotive OEMs, suppliers, and industry stakeholders to co-create solutions that address the evolving needs of the automotive market. By fostering a culture of collaboration and innovation, they strengthen their position as trusted partners in the automotive supply chain, driving progress and excellence together.

In conclusion, Bhagyadeep Cables stands as a shining example of excellence and innovation among the top automotive wire harness manufacturers in the world. Through precision engineering, global expertise, innovation, quality assurance, sustainability initiatives, and strategic partnerships, they continue to drive the automotive industry forward, powering the vehicles of tomorrow with wire harness solutions that exceed expectations. As the automotive landscape evolves, Bhagyadeep Cables remains committed to leading the charge towards a future of safer, more efficient, and sustainable mobility for all.

[ragini-14]

Automotive Wiring Harness Market 2024 will touch New Level in the Upcoming Year by 2030

Global Automotive Wiring Harness Market research report published by Exactitude Constancy reveals the current outlook of the global and key regions from the following perspectives: Key players, countries, product types, and end industries. The report studies the top companies in the global market and divides the market into several parameters. This Automotive Wiring Harness Market research report pinpoints the industry's competitive landscape to understand the international competition. This report study explains the expected growth of the global market for the upcoming years from 2024 to 2030. This research report is accumulated based on static and dynamic perspectives on business.

The Global Automotive Wiring Harness Market is anticipated to grow from USD 48.70 Billion in 2023 to USD 68.53 Billion by 2030, at a CAGR of 5 % during the forecast period.

[jessicapinedaw]

Automotive Wiring Harness Market to See Massive Growth by 2027

“Market Research on Automotive Wiring Harness Market – Growth Rate, Market Share & Size” is the name research released by The Insight Partners and is now out for purchase. The business focuses on consulting and specializes in syndicated market research. The company is assisting Automotive Wiring Harness market investors by providing both qualitative and quantitative data through this…

[futureelectronic1527]

Panasonic New Product Brief: CF1 Series Board-to-FCP Automotive Connectors

https://www.futureelectronics.com/m/panasonic. The new Panasonic CF1 Series Board-to-FPC connection has a 125°C heat resistance and necessary vibration characteristics suitable for the automotive and transportation market. Panasonic's CF1 Series Automotive Connectors preserve contact reliability using a double-sided clip contact structure. Panasonic's CF1 Series Connectors also have an Inertia lock construction to prevent half-mating for the 4-pin type. https://youtu.be/RRzfdltuUlg

[cmibloggers]

Global Automotive Wiring Harness Market Is Estimated To Witness High Growth Owing To Increasing Vehicle Electrification and Technological Advancements

The global automotive wiring harness market is estimated to be valued at USD 48,614.7 million in 2022 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.  

Market Overview:

The automotive wiring harness is an essential component in modern vehicles, providing electrical power and effective communication between various electronic components. It is designed to efficiently transmit electric power and signals to deliver high performance and reliability. With the increasing focus on vehicle electrification and technological advancements, the demand for automotive wiring harnesses is expected to grow significantly. This market offers a wide range of products associated with different types of vehicles, including passenger cars, commercial vehicles, and electric vehicles.  

Market Dynamics:

1. Driver: Increasing Vehicle Electrification The growing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) is one of the major drivers for the automotive wiring harness market. The transition from internal combustion engine (ICE) vehicles to electric vehicles requires a sophisticated wiring system to handle high-voltage electrical components. This has created a significant demand for advanced wiring harnesses capable of transmitting electric power efficiently and safely.   For example, Tesla's Model S electric vehicle utilizes a complex wiring harness system that connects the battery, electric motors, charging system, and various control units. The increasing sales of EVs and HEVs across the globe are expected to drive the demand for automotive wiring harnesses in the coming years.  

2. Trend: Technological Advancements Advancements in technology have led to the development of intelligent wiring harnesses equipped with advanced features and functionalities. These harnesses incorporate sensors, connectors, and integrated circuits to enable real-time data transmission and diagnostics. They enhance the efficiency, safety, and performance of vehicles by providing intelligent connectivity between various electrical components.   For instance, Aptiv PLC, one of the major players in the automotive wiring harness market, offers smart architecture solutions that enable high-speed data transfer and communication within vehicles. These advanced harnesses support features such as advanced driver assistance systems (ADAS), infotainment systems, and vehicle-to-vehicle communication.  

Market Key Trends:

One key trend in the automotive wiring harness market is the increasing adoption of lightweight and eco-friendly materials. Manufacturers are focused on developing wiring harnesses using lightweight materials such as aluminum and high-strength thermoplastics to reduce vehicle weight and improve fuel efficiency. This trend has gained traction due to the growing environmental concerns and stringent emission regulations imposed by various governments around the world.   For example, Yazaki Corporation, a prominent wiring harness manufacturer, offers lightweight aluminum wiring harnesses that provide excellent electrical conductivity while reducing overall vehicle weight.  

SWOT Analysis:

Strength: Technological advancements in automotive wiring harnesses, Robust growth in electric and hybrid vehicles

Weakness: High initial investment for advanced wiring harness systems, Complexity of integrating advanced features

Opportunity: Increasing demand for connected cars and autonomous vehicles, Growing aftermarket sales of automotive wiring harnesses

Threats: Intense market competition, Volatility in raw material prices  

Key Takeaways:

In paragraph 1, the global automotive wiring harness market is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period, due to increasing vehicle electrification. The transition towards electric vehicles and hybrid electric vehicles is driving the demand for advanced wiring harnesses capable of handling high-voltage power transmission.  

In paragraph 2, the regional analysis highlights that Asia Pacific is the fastest-growing and dominating region in the automotive wiring harness market. The region is witnessing significant growth in automobile production, particularly in countries like China and India. The presence of major automotive manufacturers, along with favorable government initiatives promoting electric mobility, is boosting the demand for wiring harnesses in the region.  

In paragraph 3, the key players operating 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, and Nexans Autoelectric.

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[mohitbisresearch]

Wiring Harnesses and Connectors for Electric Vehicles Market to grow at a significant CAGR 23.37% during 2020-2031. Wiring Harnesses and Connectors for EV Market report by BIS Research provides deep market insight, industry analysis, trends & forecast to 2031 that will help your business to grow.

[automotivetransportationresearch]

Automotive Wiring Harness Market Forecast: $59.5 Billion by 2030

The global automotive wiring harness market is projected to grow from USD 48.7 billion in 2023 to USD 59.5 billion by 2030, at a CAGR of 2.9% during the forecast period. The automotive wiring harness market has shown significant growth recently. Top OEMs are investing in the same, which would further drive the demand for high-speed data transmission wiring harnesses. Though the need for…

[automotiveera]

Growing Automotive Wire Harness Market: Trends, Analysis, and Forecasts

According to the global automotive wire harness market growth to $59.3 billion by 2030 can be ascribed to the technological improvements in the automotive industry and the increasing manufacturing of electric vehicles.

Moreover, the addition of cutting-edge features, including high-voltage wiring arrangements, in electric vehicles and lightweight harness arrangements, armed with the growth in the need for autonomous passenger vehicles and lightweight trucks, is set to support the development of the industry in the coming few years.

On the basis of vehicle type, commercial vehicles are projected to witness the higher CAGR over this decade. This development can be credited to the growing addition of enhanced electronic modules and connectivity features, which enable data transfer to mobile phones and synchronize with the internet of things devices in the car.

The internal combustion engine category had the larger revenue share in recent years, and the category is also projected to be dominant in the propulsion type segment in the future. This is mainly because compared to EVs, the output of ICE-based vehicles is higher.

Moreover, they are being swiftly combined with vehicle-to-vehicle and vehicle-to-infrastructure connectivity and self-driving features. Thus, the importance of wire harnesses for transporting energy and information among a massive array of electronic devices and systems is high in ICE vehicles.

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Further, speed sensors are projected to experience the highest CAGR in the near future, based on application. The obtainability of a broad variety of personalized speed sensors and increasing worldwide vehicle sales are some of the key reasons boosting the advance of this category.

In recent years, the copper category led the automotive wire harness market, on the bases of material type, and the category is also projected to remain in the leading position in the future. This is mainly because of the increasing requirement for copper wire harnesses, as copper has been the material of choice for wires for a lengthy period.

In the coming few years, the APAC region is projected to be in the leading spot, credited to the increasing manufacturing of EVs, armed with the huge customer base for ICE-based vehicles. Essentially, the increasing demand for passenger and commercial vehicles in South Korea, China, Japan, and India leads to a massive automotive manufacturing volume, which, ultimately, boosts the local market.

[silver-shine123]

PVC insulating tape is one of the self-adhesive tapes that we manufacture and market. We are a well-known PVC tape supplier in this market as well as a producer and designer of the best insulation products for electrical needs. These tapes can be used for urgent repairs, electrical machinery or wiring, and home appliances. It is straightforward to use and tear. Our company works to increase the availability and accessibility of numerous cassettes and associated items.