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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% - ResearchAndMarkets.com

November 28, 2019

DUBLIN--(BUSINESS WIRE)--Nov 28, 2019--

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:

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

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KEYWORD: NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/28/2019 05:40 AM/DISC: 11/28/2019 05:40 AM

http://www.businesswire.com/news/home/20191128005307/en