DUBLIN--(BUSINESS WIRE)--The "Automotive Wiring Harness Market by Application (Engine, Chassis, Cabin, Body & Lighting, HVAC, Battery, Seat, Sunroof, Door), Transmission Type (Data & Electrical), Category, ICE & Electric Vehicle, Component, Material, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Rapid developments in technology coupled with increasing vehicle production is projected to drive the automotive wiring harness market
The automotive wiring harness market, by value, is projected to grow to USD 55.4 billion by 2027 from USD 43.3 billion in 2019, at a CAGR of 3.1%. Factors such as an increase in vehicle production, incorporation of advanced features and electronic systems in vehicles, and increasing penetration of electric and luxury vehicles are expected to drive the automotive wiring harness market. However, the fluctuating price of copper, high cost of advanced technologies and equipment, and the difficulties associated with evaluating the performance of wiring harness are likely to inhibit the growth of the market.
The data transmission wires are growing at a faster rate in the automotive wiring harness market, by transmission type
The automotive wiring harness market by transmission type has been categorized into data transmission and electrical wires. Modern ICE vehicles are being introduced with luxury features such as ADAS, connected mobile apps, GPS, and interactive dashboards. Also, electric vehicles have additional features like extra sensors and automatic gearbox. These advanced features introduced in ICE and electric vehicles are likely to increase the demand for high-speed data transmission, thereby leading to an increase in data transmission wires in a harness.
Metallic material is expected to hold the largest share in the automotive wiring harness market
The increase in technological and functional features has increased complexity in vehicles and driven the demand for high-speed data transmission. As a result, some of the leading OEMs have started adopting optical fiber cables that help in high-speed data transmission in a wiring harness. However, the high price of optical fiber cables limits its adoption due to which metallic materials are expected to hold the maximum share in the automotive wiring harness market. Despite fluctuations in the prices of copper which have impacted the profit margins of wiring harness manufacturers in recent past, metallic materials are still expected to dominate the automotive wiring harness market by 2027. Some automakers are considering aluminum for weight and cost reduction. Aluminum has its own challenges such as corrosion and termination issues. Hence, prominent wiring harness manufacturers use copper because of its high thermal capacity and conductivity.
North America is expected to be the fastest market for wiring harness during the forecast period
North America has the highest demand for LCVs globally. It held a 59% production share in LCVs, and this share is expected to increase at a CAGR of 3.2 % by 2027. Also, LCVs require more harnesses than passenger cars. This is likely to boost the demand for wiring harness in North America. In addition to this, LCVs are being introduced with additional features like power steering and deluxe seating. These factors are likely to boost the demand for automotive wiring harness in North America.
Key Benefits of Buying the Report:
- The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive wiring harness market and the subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Product Definition
1.3 Market Scope
1.4 Limitations
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions & Associated Risks
3 Executive Summary
4 Premium Insights
4.1 Automotive Wiring Harness Market: Trend, Forecast, Opportunity
4.2 Automotive Wiring Harness Market, By Region
4.3 Automotive Wiring Harness Market for Ice Vehicles, By Component
4.4 Automotive Wiring Harness Market, By Ice Vehicle Type
4.5 Automotive Wiring Harness Market, By Application
4.6 Automotive Wiring Harness Market for Ice Vehicles, By Transmission Type
4.7 Automotive Wiring Harness Market for Electric Vehicles, By Transmission Type
4.8 Automotive Wiring Harness Market for Ice Vehicles, By Material Type
4.9 Automotive Wiring Harness Market for Electric Vehicles, By Material Type
4.1 Automotive Wiring Harness Market, By Electric Vehicle Type
5 Recommendations By the Publisher
5.1 Asia Pacific is the Priority Market to Focus for Automotive Wiring Harness Suppliers
5.2 Companies Should Enhance Focus on Optical Fiber Wires for Future Applications
5.3 Missed Revenue Opportunities By Wiring Harness Manufacturers for Electric Vehicles
5.4 Conclusion
6 Market Overview
6.1 Introduction
6.2 Years Considered in the Study
6.3 Market Dynamics
6.4 Revenue Shift & New Revenue Pockets for Wiring Harness Suppliers
6.5 Automotive Wiring Harness Market, Scenarios for Ice Vehicles (2019-2027)
6.6 Automotive Wiring Harness Market, Scenarios for Electric Vehicles (2018-2027)
6.7 Average Selling Price (ASP) Analysis for Automotive Wiring Harness, By Region
6.8 Average Selling Price (ASP) Analysis for Automotive Wiring Harness, By Application
7 Automotive Wiring Harness Market, By Category
7.1 Introduction
7.2 General Wires
7.3 Heat Resistant Wires
7.4 Shielded Wires
7.5 Tubed Wires
8 Automotive Wiring Harness Market for Ice Vehicles, By Application
8.1 Introduction
8.2 Number of Harnesses in Each Application
8.3 Engine Harness
8.4 Chassis Wiring Harness
8.5 Body & Lighting Harness
8.6 HVAC Wiring Harness
8.7 Dashboard/Cabin Harness
8.8 Battery Wiring Harness
8.9 Seat Wiring Harness
8.10 Sunroof Wiring Harness
8.11 Door Wiring Harness
9 Automotive Wiring Harness Market for Ice Vehicles, By Component
9.1 Introduction
9.2 Connectors
9.3 Wires
9.4 Terminals
9.5 Other Components
10 Automotive Wiring Harness Market, By Material Type
10.1 Introduction
10.2 Comparison of Copper and Optical Fiber
10.3 Automotive Wiring Harness Market, By Material Type for Electric Vehicles, 2019 vs. 2027
10.4 Market Leaders
11 Automotive Wiring Harness Market for Ice Vehicles, By Transmission Type
11.1 Introduction
11.2 Data Transmission
11.3 Electrical Wiring
12 Automotive Wiring Harness Market, By Ice Vehicle Type & Application
12.1 Introduction
12.2 Number of Harnesses in Ice Vehicles, By Application
12.3 Passenger Car
12.4 Light Commercial Vehicle (LCV)
12.5 Bus
12.6 Truck
12.7 Market Leaders
13 Automotive Wiring Harness Market, By 48v Architecture
13.1 Growing Trend of Vehicle Electrification
13.2 Need for 48v Architecture
13.3 Impact of 48v Architecture on Automotive Wiring Harness
13.4 48v Passenger Car Wiring Harness Market, By Region
14 Automotive Wiring Harness Market, By Electric Vehicle Type & Application
14.1 Introduction
14.2 Total Harness in Electric Vehicle Types
14.3 Battery Electric Vehicle (BEV)
14.4 Hybrid Electric Vehicle (HEV)
14.5 Plug-In Hybrid Electric Vehicle
14.6 Fuel Cell Electric Vehicle (FCEV)
15 Electric Vehicle Wiring Harness Market, By Transmission Type
15.1 Introduction
15.2 Data Transmission
15.3 Electrical Wiring
16 Automotive Wiring Harness Market, By Region
16.1 Introduction
16.2 Asia Pacific
16.3 North America
16.4 Europe
16.5 Rest of the World (RoW)
16.6 Market Leaders
17 Competitive Landscape
17.1 Overview
17.2 Automotive Wiring Harness Market: Market Ranking Analysis
17.3 Competitive Leadership Mapping
17.4 Strength of Product Portfolio
17.5 Business Strategy Excellence
17.6 Winners vs. Losers
17.7 Competitive Scenario
18 Company Profiles
18.1 Sumitomo Electric Industries
18.2 Yazaki Corporation
18.3 Aptiv PLC
18.4 Leoni AG
18.5 Furukawa Electric
18.6 Nexans
18.7 Samvardhana Motherson Group
18.8 Lear Corporation
18.9 Fujikura Ltd.
18.10 PKC Group
18.11 Additional Companies
For more information about this report visit https://www.researchandmarkets.com/r/uxitd2
