Automotive Wiring Harness Industry Overview

 

The global automotive wiring harness market size was estimated at USD 50.09 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030. The surge in electric vehicle (EV) adoption, bolstered by consistent government incentives for both manufacturers and consumers, is a key driver propelling demand for the EV segment. This, in turn, is fueling market growth.

 

Rising integration of advanced technologies such as vehicle-to-vehicle communication, self-healing for electric vehicles, smart battery systems, and smart braking & safety systems, among others, is attributed to drive the market growth. In line with these advancements, the introduction of autonomous and semi-autonomous vehicles, which have a high dependency on components such as low-latency communication devices, sensors, cameras, and radar, will increase the demand for automotive wiring harnesses within the automotive manufacturing industry, thereby offering numerous growth opportunities to the global market. Moreover, the increasing use of optical fiber for producing wiring harnesses is expected to create new opportunities for market players.

 

Gather more insights about the market drivers, restrains and growth of the Automotive Wiring Harness Market

 

The rising consensus pertaining to security and safety while driving is fueling the demand for driver-assisting technologies such as adaptive cruise control, blind spot detection, adaptive front light, and lane departure warning systems. In addition, vehicle manufacturers are obliged to comply with stringent safety norms introduced by authorities worldwide and are expected to support the market growth. For instance, in July 2022, the European Union introduced new safety measures to reduce commute-related injuries and fatalities by applying general safety regulations. The regulation sets the legal framework for the EU's approval of fully driverless and automated vehicles and introduces advanced driver assistance technologies for passenger and commercial vehicles.

 

The deployment of cables or wire harnesses is anticipated to gain traction owing to its incorporation into multimedia and security systems. To enhance the driving experience, features including ambient lighting systems, cooled cup holders, voice recognition systems, heated steering wheels and seats, infotainment, and power steering functions have gained prominence. A wiring harness is necessary for the data, signal, and power transfer in electronic equipment which enables these functions. Wiring harness bundles are put in automobiles with these circuits to ensure that various features operate without interruption. Thus, the market growth is due to its application in automotive industry.

 

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

 

Automotive Wiring Harness Market Segmentation

 

Grand View Research has segmented the global automotive wiring harness market report based on component, application, electric vehicle, vehicle, and region:

Automotive Wiring Harness Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Electric Wires
  • Connectors
  • Terminals
  • Others

Automotive Wiring Harness Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Body Harness
  • Chassis Harness
  • Engine Harness
  • HVAC Harness
  • Sensors Harness

Automotive Wiring Harness Electric Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

Automotive Wiring Harness Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

  • Light Vehicles
  • Heavy Vehicles

Automotive Wiring Harness Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

 

Key Companies profiled:

  • China Auto Electronics Group Limited (THB Group)
  • Delphi Technologies PLC (Aptiv PLC)
  • Furukawa Electric Co., Ltd.
  • Kromberg & Schubert GmbH Cable & Wire
  • Lear Corporation
  • LEONI AG
  • PKC Group
  • Spark Minda, Ashok Minda Group
  • Sumitomo Electric Industries, Ltd.
  • Yazaki Corporation

 

Key Automotive Wiring Harness Company Insights

  • Sumitomo Electric Industries, Ltd. prioritizes research and development, offering cutting-edge solutions like lightweight aluminum harnesses and high voltage wiring for electric vehicles. Additionally, the company has a global presence with a wide network of manufacturing facilities, allowing them to efficiently serve the needs of automotive manufactures globally
  • Furukawa Electric Co., Ltd. has comprehensive range of wiring harness, including those for conventional vehicles, electric vehicles, and hybrid vehicles, caters to the diverse needs of automotive manufacturers

 

Recent Developments

  • In April 2024, AVR Global Technologies, Inc., a manufacturer of wire harnesses, custom molded cables, and electronics assemblies, announced its merger with Conner Industrial, a Surface Mount Technology (SMT) PCB and cable manufacturer. The companies would be named AVR Conner Industrial Ltda. The combined proficiency of these companies in SMT, electronics box assembly, and custom wire harness OEM/CM/ODM manufacturing is likely to help manufacturers improve their product efficiency
  • In May 2023, Sumitomo Electric Industries, Ltd.accelerated the development of an automotive optical harness, with commercial samples slated for release in 2026. Leveraging its extensive experience in wire harness technology and optical communication, the company has been looking forward to facilitating the evolution of Connected, Autonomous, Shared & Services, and Electric (CASE) technologies by enabling high-speed, large-capacity communication

 

Order a free sample PDF of the Automotive Wiring Harness Market Intelligence Study, published by Grand View Research.