AUTOMOTIVE WIRING HARNESS MARKET ANALYSIS

Automotive wiring harness is an organized set of component that includes connectors, wires, and terminals that run throughout the vehicle, they transmit signals with regards to speed, internal temperature and power to the respective automotive component and electric power to automotive component. This automotive harness combines many electronic and electrical devices into a single system.

In addition, automotive wiring harnesses are used in motorbikes, utility vehicles, commercial vehicles, and cars. Automotive wiring harnesses are designed according to the electrical and geometrical requirements of the vehicle and are embedded in the automotive vehicle. Wiring harnesses are embedded in the dashboard, windows, and electrical components of the automotive vehicle.

Market Dynamics

In the last few years, many electronic devices have been integrated into vehicles to provide enhanced features. For instance, in last few years automotive car manufacturers are offering advanced automotive features such as sunroof, touch infotainment system, airbags, tire pressure monitoring system, in developing economies of Asia Pacific region. Moreover, employing safety features in automotive cars enhances the security of the passenger in the vehicle, which has positively impacted the growth of the automotive wiring harness market. In addition, factors such as increasing disposable income and the initiatives taken by various governments for boosting the manufacturing in their country such as ‘Make in India initiative’ in India, has driven the growth of an automotive wiring harness market. For instance, according to India Brand Equity Foundation, in January 2020, Tata AutoComp Systems, an automotive component manufacturer has partnered with Beijing-based Prestolite Electric, to enter into the electric vehicle components market in India.

In an extreme weather condition, the wiring harness system of a vehicle may get affected due to an overheating issue, this may result in a replacement of the entire wiring harness system, which is very expensive and is expected to hamper the growth of the automotive wiring harness market over the forecast period.

Market Taxonomy

This report segments the global automotive wiring harness market on the basis of component, material type, propulsion system, and region. On the basis of Component, the global automotive wiring harness market is segmented into connectors, wires (general wires, heat resistant wires, shielded wires, and tubed wires), and terminals. On the basis of Material type, the global automotive wiring harness market is segmented into metallic wiring (copper and aluminum), and optical wiring (glass optical fiber and plastic optical fiber). On the basis of Propulsion system, the global automotive wiring harness market is segmented into IC engine vehicles and electric vehicles (plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), and battery electric vehicle). On the basis of Region, global automotive wiring harness market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.

Key features of the study:

• This report provides an in-depth analysis of the global automotive wiring harness market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains 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
• Major companies operating in the global automotive wiring harness market are: 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 informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global automotive wiring harness market analysis 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 analysis

Detailed Segmentation:

• Global Automotive Wiring Harness Market, By Component:
• Connectors
• Wires
• General Wires
• Heat Resistant Wires
• Shielded Wires
• Tubed Wires
• Terminals
• Global Automotive Wiring Harness Market, By Material Type:
• Metallic Wiring
• Copper
• Aluminum
• Optical Wiring
• Glass Optical fiber
• Plastic Optical fiber
• Global Automotive Wiring Harness Market, By Propulsion System:
• IC Engine Vehicles
• Electric Vehicles
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle
• Global Automotive Wiring Harness Market, By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
• Company Profiles
• Sumitomo Electric Industries, Ltd **
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Key highlights
• 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
• AmWINS Group Inc

**All the pointers will also be provided for the rest of the companies.

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