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Automotive Wiring Harness Market Trends

  • Report ID: GMI7885
  • Published Date: Jan 2024
  • Report Format: PDF

Automotive wiring harness Market Trends

The future of in-vehicle networking is embodied in a zonal architecture combined with Ethernet. The integration of new vehicle features and the trend toward consolidating sensors and actuators into zonal modules necessitate an in-vehicle communication network with high bandwidth and low latency. The utilization of Ethernet within a zone architecture supports the burgeoning concept of a software-defined vehicle. Presently, many vehicles employ a wiring and ECU setup known as a domain architecture. This architecture organizes ECUs into domains based on specific functions, irrespective of their physical location in the vehicle.
 

The automotive wiring harness market has been experiencing notable trends in terms of volume, connectors, terminals, applications, and protocols. In terms of volume, the industry has witnessed a steady increase driven by the growing demand for vehicles worldwide. With the rise of Electric Vehicles (EVs) and Advanced Driver Assistance Systems (ADAS), the complexity and volume of wiring harnesses have increased significantly. The surging demand for electric vehicles has been a major factor responsible for the increased volume in the automotive wiring harness industry.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of automotive wiring harness was worth over USD 3.5 billion in 2023 and is estimated to register over 5.5% CAGR between 2024 and 2032, owing to the increasing adoption of electric vehicles (EVs) and the growing trend toward hybridization.

The ADAS segment held approximately 20% of the market share in 2023 and will grow significantly through 2032, as wiring harness connectors are essential components for ensuring the seamless integration of various sensors, cameras, and control units required for this functionality.

Asia Pacific automotive wiring harness industry has been marked by dynamic shifts in recent years, with significant attention directed toward electric vehicle (EV) developments and technological advancements.

Amphenol Corporation, Aptiv PLC, Continental AG, Furukawa Electric, Koch Industries (Molex - a subsidiary), Leoni AG, Robert Bosch GmbH, Rosenberger, Sumitomo Electric Industries, TE Connectivity, and Yazaki Corporation.

Automotive Wiring Harness Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 761
  • Countries covered: 21
  • Pages: 230
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