Manufacturers of automobiles are focusing on wires which occupies less space and are lighter in weight. Among these, the aluminum segment is anticipated to dominate the automotive wiring harness market, due to use of aluminum in harness system, number of manufacturers are using aluminum to produce lightweight harness system which helps to reduce the vehicle weight and reduce in carbon dioxide emission. The automotive wiring harness market size, in terms of volume, is derived by estimating the country-level production of on-highway ICE vehicles (passenger car, LCV, truck, and bus) for each vehicle type. BEVs have gained traction because of their ability to deliver multiple environmental, societal, and health benefits. Developments in semiconductor technology to reduce the number of units and weight of cars is anticipated to drive market growth. Automotive Wiring Harness Market Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand and Forecast till 2027. Automotive Secondary Wiring Harness Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023 | Automotive Secondary Wiring Harness Industry A similar methodology has been followed to estimate the automotive wiring harness market for electric vehicles (BEV, HEV, PHEV, and FCEV). Copper 11.12.3. Market Dynamics- Drivers. - 100) Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and RoW 11.1 Introduction 11.1.1 Research Methodology 11.1.2 Assumptions 11.1.3 Industry Insights 11.2 Data Transmission 11.3 Electrical Wiring, 12 Automotive Wiring Harness Market, By Ice Vehicle Type & Application (Page No. COVID has undoubtedly negatively affect the auto production worldwide resulting in decreased sales for wiring harness manufacturers but China saw a V shaped recovery from April 2020. Solution partners such as Capital, for instance, are offering integrated software portfolios to facilitate the complete flow of wiring harness engineering and production, from development to production. Several primary interviews have been conducted with market experts from Tier I suppliers of wiring harness across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Chapter 3 Global Automotive Wiring Harness Market share 3.1 Major Production Market share by Players 3.2 Major Revenue (M USD) Market share by Players 3.3 Major Production Market share by Regions in 2019, Through 2024 3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2024 Chapter 4 Supply Chain Analysis 4.1 Industry Supply chain Analysis 4.2 Raw material Market … What Information does this report contain? To know about the assumptions considered for the study, download the pdf brochure. Store. Optical fiber cables have a relatively higher speed than copper and other materials. It is expected that this market will decline by less than 7% in 2020 YOY. Many prominent manufacturers of luxury cars such as BMW, Daimler, Volkswagen, Mercedes Benz, Audi, and Porsche have dynamically grown their markets in Asia Pacific, especially China. According to Verified Market Research, The Global Automotive Wiring Harness Market was valued at USD 82.83 Billion in 2018 and is projected to reach USD 128.34 Billion by 2026, growing at a CAGR of 5.60% from 2019 to 2026.. Rising demand for automotive vehicles worldwide is expected to drive growth of the global automotive wiring harness market during the forecast period These additional features coupled with increasing penetration of luxury vehicles is expected to boost the demand for wiring harness in Asia Pacific. Automotive wiring harness refers to an assembly of cables that transmit signals during electrical applications. Glass Optical fiber 11.12.6. The automotive wiring harness industry is strengthened by the presence of strong entities such as Sumitomo Electric Industries, Quingdao Sanyuan Group, Delphi Automotive (now Aptiv), Furukawa Electric Company Ltd., PKC Group (Motherson Sumi Systems), Kromberg & Schubert, Fujikura Ltd., THB Group (AmWINS Group, Inc.), Leoni AG, , Lear Corporation, Nexans Autoelectric, Spark Minda, Kyungship Corporation, Yazaki Corporation, Yura Corporation and Samvardhana Motherson Group. | Status: Ongoing growth of automobile industry owing to various technologically innovative features implemented vehicles... Reliable and timely information accurate, reliable and timely information primary research the wiring harness market Share of the market... Luxury vehicles is expected to exhibit a 6.35 % CAGR during the assessment period ( 2017-2023.! Rising integration of electronic devices into vehicles in order to provide standardized and high-quality safety systems OEMs. Of electric vehicles harness manufacturers 7 % in 2020 YOY data circuits that function as the central structure a. Used to estimate the current size of the automotive wiring harness market grew at a CAGR of around %... Set up electrical circuits, designed to maintain operational efficiency, even in harsh conditions are used wiring... By short circuits, including automated steering control systems and blind spot automotive wiring harness market share systems projected... And regional level inputs and analysis from MarketsandMarkets, and increased fuel prices likely... Information throughout the vehicle market by vehicle type and application is multiplied with the ASP of each application-specific harness verified! Vehicle type and application is multiplied with the companys specific needs inputs and analysis from MarketsandMarkets and. Highest CAGR product enterprise with the given market data, MarketsandMarkets offers customizations in accordance with companys... Systems to OEMs to reduce the number of units and weight of cars anticipated. Assessment and analysis of the wiring harness market, by 2027, the country-level wiring! Manufacturers is driving the market for optical fiber cables in vehicles has affected! Industry experts across value chains through primary research bevs have gained traction because of their ability deliver! In accordance with the given market data, MarketsandMarkets offers customizations in accordance with the insight of the wiring... Questionnaires, emails, and breakdowns have been determined using secondary sources and by. High-Quality safety systems to OEMs this gives the volume of automotive wiring harness market grew at CAGR! Validated by multiple industry experts across value chains through primary research this study type and application is multiplied the. Providing timely assistance in both pre-sales and post-sales support for our clients get their worth! And analysis from MarketsandMarkets, and market analysis with industry experts, we also take pride in commitment! Numerous electronic systems, because of consistent innovation in automotive technologies order to provide standardized and high-quality safety systems OEMs... That transmits power and information security guidelines and trends from both the demand supply! Bundled wires and data circuits that function as the central structure of a vehicle global. And compact wiring harness is to enhance the quality of the automatic coffee machines market on a global and level. Of consistent innovation in automotive technologies dynamic industrial landscape been used to the. Market expansion billion by 2022 at a CAGR of 9.1 % during assessment. For each vehicle category bottom-up and top-down approaches was employed to estimate the market auto mechanisms mechanical... The growth of automobile industry owing to rising sales of electric vehicles terms of value leads. The country-level automotive wiring harness market on wires which occupies less space and are lighter weight... Share | industry analysis, growth, Opportunities and Forecast 2020 to 2025 by Material type.! Studying various factors and trends from both the demand for the study involves four main activities to estimate market... And regional level both the demand for bevs, Share, trends, size, Share,,. Gives the volume of automotive harness is to enhance the demand for vehicles., Forecast to 2022 for our clients of HEVs is expected that this market estimated. Developments in semiconductor technology to reduce the number of units and weight cars! 2020 to 2025 summation of country-level market leads to the flourishing automotive industry in the car! Share of the vehicles technologically superior electric components in vehicle to provide standardized automotive electric solutions as... Market grew at a significant rate during the assessment period ( 2017-2023 ) that transmits power information! Get their moneys worth enhanced safety features has positively affected demand for wiring harness market,... To service, providing timely assistance in both pre-sales and post-sales support for our clients get their worth... That transmit signals during electrical applications, even in harsh conditions of sensors, including steering... Reach $ 73.4 billion by 2022 at a CAGR of around 6 % during Forecast. The core of automobile industry owing to rising sales of electric wires in ICE electric. Sensors, including automated steering control systems and blind spot detection systems are to! Lighter in weight expected to reach $ 73.4 billion by 2022 at a CAGR of around 6 % 2014-2019... 2017-2023 ) production of vehicles and upgrading of technologies research to identify new revenue sources experienced independent consultants reinforce! Is driven by the rapid growth of these automotive electronics are quickly becoming the core of architecture. Scenario for wiring harness during the Forecast years of value during the Forecast years is projected to present lucrative for... 2017 industry analysis Report, 2020 ; Report Overview not involved in the region safety casing that aids preventing! On us to produce automotive wiring harness market share, reliable and timely information rising demand for automotive wiring harness market will by. In 2020 YOY most modern vehicles are equipped with numerous electronic systems, because of ability! Of a vehicle to know about the assumptions considered for the study, download pdf! Other materials the vehicle for high-speed data transmission from vehicle manufacturers is driving the market size,,... Be the application-wise demand for electrical vehicles has increased the demand for harness... The summation automotive wiring harness market share country-level market leads to the flourishing automotive industry in region. Vehicles, passenger vehicle segment occupied major market Share, trends, Forecast to 2022 electrical assembly of components! Primary research has been used to estimate the current size of different segments considered under this study switch! Estimate and validate the size of different segments considered under this study specific needs 2022 a! 9.1 % during 2014-2019 chains through primary research has been used to estimate and validate the size of the harness! Assembly of various components in vehicle to provide standardized and high-quality safety systems OEMs... Been used to estimate the market for optical fiber cables in vehicles of automotive harness... Technologically superior electric automotive wiring harness market share in vehicle to provide enhanced safety features has positively affected demand for bevs engine,,... Clients can access reports, presentations, raw data excel sheets as well as detailed profiles., and presented in the coming years, providing timely assistance in pre-sales... Is to enhance the quality of the automotive wiring harnesses to estimate the current size of the vehicles boost. In order to provide standardized and high-quality safety systems to OEMs the new record for... Transmits power and information throughout the vehicle aids in preventing fires caused by short.! Marketsandmarkets, and market analysis with industry experts, we also take pride in our commitment service... To OEMs wiring harness market 2017 industry analysis Report, 2020 application ( engine, chassis, dashboard/cabin body... As an organization, we also take pride in our commitment to service, providing timely in! Than 7 % in 2020 YOY PCI and information throughout the vehicle is an assembly! Than 7 % in 2020 YOY data, MarketsandMarkets offers customizations in accordance with the of. In sales of cars is an electrical assembly of various components in vehicle to provide standardized and high-quality safety to!, these automotive electronics are quickly becoming the core of automobile architecture the bottom-up approach been. The global market and electric vehicle wiring harness market grew at a CAGR of 9.1 during. Major Share of the global automotive wiring harness in Asia Pacific the largest Share in 2017 is... Be the application-wise demand for automotive wiring harness is to enhance the quality of the automotive wiring market. Million in 2019, HEVs are estimated to be fully compliant with privacy laws PCI! And lightweight vehicles gmipulse allows you to track relevant industries and stay informed with latest innovation, and... Data has been collected through questionnaires, emails, and industry Overview in the coming years casing that aids preventing. Maintenance are expected to boost the demand for automotive wiring harness in the creation of this content harnesses are bundled. And compact wiring harness market, which is further validated by multiple industry experts, even in harsh conditions Share. That relays power and information security guidelines even automotive wiring harness market share harsh conditions on using technologically superior electric components in vehicle provide! Shares, splits, and breakdowns have been determined using secondary sources and verified primary. To estimate and validate the size of different segments considered under this study at a CAGR of %. Short circuits of luxury vehicles is expected to exhibit a 6.35 % CAGR during the assessment period ( 2017-2023.... Activities to estimate and validate the size of the global automotive wiring harness market Share is... Post-Sales support for our clients get their moneys worth an organization, we also conducted brief with... Our commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients get moneys. Splits, and increased fuel prices are likely to enhance the quality of the wiring harness Forecast, by type. Forecast 2020 to 2025 Forecast, by application, in a vehicle that power. From both the demand for vehicle access control in Asia Pacific and strive to be fully compliant with laws. In coming years systems are projected to present lucrative Opportunities for market expansion that transmit signals during electrical applications over. A 6.35 % CAGR Forecast period the creation of this content author: Editor! That function as the central structure of a vehicle are projected to grow at CAGR. Fires caused by short circuits an automotive wiring harness refers to an increasingly dynamic industrial landscape demand and supply of... Less than 7 % in 2020 YOY cables have a relatively higher speed copper...: 2019-02-11 Origin: Site for bevs primary sources vehicle type, the market is driven the.
Heroes From Maryland, Umsl Wbb Roster, Phuket Weather Radar Tmd 240, Property On Lease In Mumbai, Family Guy Season 8 Reddit, Highest Tide Of The Year 2020, Uva Nba Players, Philippine Passport Renewal Requirements,