Automotive Wire Harness Market,by Vehicle Type (Light Vehicles and Commercial Vehicles), Voltage Type (Low-Voltage Products [Main Harness, Auxiliaries, Cockpit, ICE Harness, and E-Motor] and High-Voltage Products [AC/DC Wiring, Auxiliaries, Traction, and Others]), Product Type (Copper Core, Aluminum Core, and Others),Powertrain Type (ICE and EV), and Region (North America [USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and RoW [Brazil, Argentina, and Others]).
Automotive Wire Harness Market, by Vehicle Type (Light Vehicles and Commercial Vehicles), Voltage Type (Low-Voltage Products [Main Harness, Auxiliaries, Cockpit, ICE Harness, and E-Motor] and High-Voltage Products [AC/DC Wiring, Auxiliaries, Traction, and Others]), Product Type ...
Wiring harnesses are critical parts in the automotive industry, fundamental to the efficient management of electrical and electronic systems. These harnesses facilitate the organized distribution of power and signals throughout the vehicle, ensuring seamless connectivity and communication among various electronic components. By integrating and protecting the extensive network of wires & cables, wiring harnesses enhance vehicle performance and reliability. Furthermore, they streamline manufacturing processes, reduce maintenance complexities, and simplify troubleshooting, ultimately contributing to improved operational efficiency and cost-effectiveness for automotive manufacturers.
As the automotive industry embraces electrification, connectivity, and automation, advancements in wire & cable technology play a crucial role in shaping the future of mobility. OEMs and tier suppliers are prioritizing the enhancement of wiring system robustness and reliability to endure harsh operating conditions, including temperature extremes, vibrations, and electromagnetic interference. Market demand is being propelled by several key factors: the rise in individual purchasing power, the increase in automotive production, the growing penetration of electric vehicles (EVs), and the heightened electronic content in modern vehicles.
As consumers have more disposable income, they are more likely to invest in advanced automotive technologies. The automotive industry is responding with increased production to meet this demand. Additionally, the shift towards electric vehicles and the integration of advanced electronic systems in cars are significantly driving market growth. These trends highlight a movement towards more innovative, sustainable, and technologically sophisticated transportation solutions.
Recent Market JVs and Acquisitions: A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
In June 2023, Aurrigo acquired UK-based GB Wiring Systems Limited to enhance capabilities in the core automotive area of wiring harness and electrical components.
In Sep 2021, Lear announced a JV with Hu Lane to produce a portfolio of connection systems products for current and future vehicle architectures.
Recent Product Development: Advancements in automotive technology include the development of an optical harness for high-speed data transfer and innovations in preventing galvanic corrosion in wiring connections. Sumitomo Electric Industries, Ltd.'s advancement towards an automotive optical harness, aiming for commercial samples by 2026. This harness integrates optical communication and wire harness technology to facilitate high-speed, large-capacity data transfer, crucial for autonomous driving with transmission speeds exceeding 10 Gbps to support high-resolution sensor data. On the other hand, Aptiv contributes to innovation by preventing galvanic corrosion and ensuring stability in aluminum wiring connections through its 'Selective Metal Coating' (SMC) technology.
Segments' Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Vehicle-Type Analysis
Light Vehicles and Commercial Vehicles
Light vehicle is expected to be the demand generator for wires & cables. SUVs act as the growth engine of the market.
Voltage-Type Analysis
Low-Voltage Products and High-Voltage Products
Low voltage is anticipated to contribute a larger share of the market. High-voltage products are recording exceptional growth.
Product-Type Analysis
Copper Core, Aluminum Core, and Others
Copper core is anticipated to contribute the largest share of the market, whereas Aluminum core is likely to be the fastest-growing product type.
Powertrain-Type Analysis
ICE and EV
The EVs segment is anticipated to gain a significant share over the ICE segment.
Regional Analysis
North America, Europe, Asia-Pacific, and RoW
Asia-Pacific is expected to maintain its reign over the forecast period.
Vehicle Trends
“Light vehicle are expected to remain dominant as well as the fastest-growing vehicle type in the market during the forecast period”.
The Automotive Wire Harness Market is broadly segmented into light vehicles and commercial vehicles. Light vehicles are expected to remain dominant as well as the fastest-growing vehicle type in the market during the forecast period. Consumer preferences for vehicles with advanced safety features, such as collision avoidance systems, adaptive cruise control, and autonomous emergency braking, drive demand for modern wire architectures with enhanced compatibility. Increasing disposable incomes, growing urbanization, and rising aspirations for personal mobility along with supportive government policies and incentives, are fueling the demand for light vehicles.
Product Trends
“Copper core is expected to remain the dominant product type, whereas aluminum core will depict the fastest growth in the market during the forecast period”.
The market is segmented based on product type into copper core, aluminum core, and others. Copper core is expected to remain the dominant product type in the market during the forecast period. Copper core is the preferred material for various automotive applications due to its high strength, excellent ductility, significant current load-carrying capacity, and low resistivity. These properties ensure reliable performance in demanding conditions, making copper ideal for wiring systems, electrical components, and power distribution networks within vehicles. The superior conductivity of copper enhances efficiency, while its durability and flexibility support the complex and compact designs required in modern automotive engineering.
Regional Insights
“Asia-Pacific is likely to remain the largest marketduring the forecast period”.
In terms of regions, Asia-Pacific is expected to remain the largest market for Automotive Wires & Cables during the forecast period. China is the global manufacturing hub for the automotive industry, hosting a large number of automotive OEMs, which drives substantial demand for electrical systems, including cables & wires. Additionally, the region is the largest market for electric vehicles (EVs). The rising adoption of EVs is leading to increased demand for high-voltage and modular architecture wires & cables essential for electric powertrains. India's auto industry is accelerating due to rising demand, government support, and a shift towards electric vehicles making it the fastest-growing country during the forecast period.
The market is highly consolidated with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the Automotive Wire Harness Market. Some of the major players are providing a complete range of services including wires, cables, and related electronic components.
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Automotive Wire Harness Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
The global automotive wire harness market is segmented into the following categories:
By Vehicle Type
Light Vehicles
Commercial Vehicles
By Voltage Type
Low-Voltage Products
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Application-Type Analysis: Main Harness, Auxiliaries, Cockpit, ICE Harness, and E-Motor)
High-Voltage Products
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Application-Type Analysis: AC/DC Wiring, Auxiliaries, Traction, and Others)
By Product Type
Copper Core
Aluminum Core
Others
By Powertrain Type
ICE
EV
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s automotive wire harness market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
Wiring harnesses are indispensable components essential for the management of electronic systems, enabling the distribution of power and signals throughout the vehicle, and ensuring efficient connectivity and communication.
The automotive wire harness market is estimated to grow at a CAGR of 5.3% by 2030, driven by increasing automotive production, increasing electric powertrain penetration, and a rise in electronic content in modern vehicles.
Sumitomo Electric Industries, Ltd., Yazaki Corporation, Leoni AG, Aptiv plc, Fukura Electric, Lear Corporation, Dräxlmaier, TE Connectivity, and Coficab are the leading players in the Automotive Wire Harness Market.
China is estimated to remain dominant in the Automotive Wire Harness Market in the foreseeable future. The country is the largest automotive market in the world driven by a large population, and rapid urbanization drives high vehicle demand, while government policies and strong domestic manufacturing further bolster its position as the largest auto market. Additionally, significant foreign investment and technological adoption keep the market dynamic and innovative.
India is likely to remain the fastest-growing market for Automotive Wires & Cables in the foreseeable future driven by due to its expanding middle class with increasing purchasing power, rapid urbanization, and supportive government policies promoting manufacturing and infrastructure development. Additionally, rising demand for personal mobility and the adoption of new technologies are fueling market growth.
The copper core is expected to be dominant in the market in the coming years due to a host of factors, including growing demand for high-speed data lines, requirements of excellent conductivity, and rising adoption of lightweight components coupled with high reliability and compatibility.
