The global automotive wiring harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced safety and comfort features, especially in passenger cars, and growing penetration of electric vehicles are driving the growth and advancements in the automotive wiring harness market.
Automotive wiring harness manufacturers are investing in R&D activities to introduce advanced types of automotive wiring harness. For example, in July 2021, Furukawa Electric developed a thin ultra-high fiber count 6,912-fiber optical cable which implements thin 16-fiber rollable ribbons and the S124M16 ribbon fusion splicer and its related tools. They reduce the time required for fusion splicing and contribute to the expansion of high-capacity networks. The company developed a thin ultra-high count multi-core optical fiber cable with the world’s highest core density. The 12-core rollable ribbon is made from optical fiber with a thinner outer diameter (200 ěm). A drastically thinner cable with an outer diameter of only 29 mm offers extremely high density (6912 cores). This development makes it possible to install ultra-high count multi-core fiber in bulk in existing pipe conduits.
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Automotive wiring harness is a consolidated market where top 5 players contribute to 45-55% of the market. Yazaki Corporation (Japan), Sumitomo Electric Industries (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany) are the prominent players in the automotive wiring harness market. New product development, partnership and joint venture strategy have been the most dominating strategy adopted by major players from 2018 to 2021, which helped them to innovate on their offerings and broaden their customer base. For instance, in April 2020, APTIV PLC developed the electrification Solutions offer one of the most comprehensive portfolios of high-power connection systems. It provides unique expertise in architecture optimization and systems integration. It is pushing the innovations required for multi-voltage architectures.
Sumitomo Electric Industries is a global supplier of wiring harnesses, automotive components, power distribution cables, and industrial materials. It has 389 subsidiaries in more than 40 countries and has major operations in the Americas, Europe, Japan, and other Asian countries. It operates through five business segments: automotive, environment and energy, electronics, industrial materials & others, and infocommunications. The automotive segment of Sumitomo Electric Industries offers wiring harnesses, anti-vibration rubber products, and other automotive parts. These products meet high standards of quality and engineering. The company offers wiring harnesses for multiple HEVs, PHEVs, BEVs, and conventional ICE vehicles. It offers its products to the automotive, infocommunications, electronics, energy and environment, and industrial materials industries.
Yazaki Corporation is a privately held company engaged in manufacturing and developing a range of automotive components. The company electronic products, wire harnesses, and meters to the automotive industry. It also produces air-conditioning, solar & gas equipment, and electric wires & cables. It offers its products under the brand name Yazaki. It is involved in several other businesses such as paper recycling, glass & food recycling, agribusiness, nursing care, and food. It has a presence in 46 countries worldwide with 434 manufacturing plants and 140 subsidiaries. The company provides wiring harnesses for safety and basic functions (going, turning, and stopping). It supplies wiring harnesses to all major carmakers in Japan. It offers wiring harnesses to arrange four network systems further connected to the vehicle network gateway. It accounts for a substantial share in the global wiring harness market and contributes to developing charging devices to enhance the performance and convenience of hybrid & electric vehicles.
Aptiv PLC is a global vehicle components manufacturer offering electrical and electronic, powertrain, and safety solutions to the automotive industry. The company offers its products and services to global vehicle manufacturers such as General Motors, Ford Motor, Volkswagen, Daimler, Peugeot Citroen, Shanghai General Motors, Fiat, Hyundai, Geely, and Toyota. It operates 124 manufacturing facilities and 14 major technical centers in 45 countries. The company classifies its business into two segments: signal & power solutions and advanced safety & user experience. The signal and power solutions segment provides complete electrical architecture design, manufacture, and assembly, including connectors, wiring assemblies, and harnesses. It provides cable management, electrical centers, and hybrid high voltage & safety distribution systems. The company introduced the concept of Smart Vehicle Architecture, an optimized and sustainable architecture enabling compute centralization for automated vehicles, which includes modular and automatable harness technology (unified power and data backbone).
Automotive Wiring Harness Market by Application (Engine, Chassis, Cabin, Body & Lighting, HVAC, Battery, Seat, Sunroof, Door), Transmission Type (Data, Electrical), Date Rate, ICE & Electric Vehicle, Component, Material, & Region - Global Forecast to 2026
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