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  • 7 August 2019 16:49

Automotive Wiring Harness Market Size, Share, Growth Predictions and Forecast 2018 - 2026

As per a research conducted by Acumen Research & Consulting, The global automotive wiring harness market size is projected to around USD 78.3 billion by 2026, the market is projected to grow with 6.1% CAGR during the forecast time frame.

The global automotive wiring harness market size is projected to around USD 78.3 billion by 2026, the market is projected to grow with 6.1% CAGR during the forecast time frame.

An automotive wiring harness is an assembly of electrical wires, connectors and other parts, or an electrical wiring system, used to convey information and energy in automobiles. The difference between an automotive wire harness and a standard wire harness is in the connectors used and in the test being done to it. Usually the connectors are specially automotive connectors designed by the manufacturer of the vehicle. The tests exceed the normal test so that the harness will fit to the conditions of the vehicle (vibration and environmental).

A wiring harness is an organized set of wires, terminals and connectors that run throughout the entire vehicle and relay information and electric power, thereby playing a critical role in “connecting” a variety of components.

Automobiles are operated by a variety of electric controls such as being able to start the engine by pushing one button. Along with the increase in functions for automobiles, the number of electric devices installed is also increasing. The wiring harnesses play a role in connecting those devices and delivering electricity and signals through the entire car. The functions are similar to the blood vessels and nerves of a human body.

Market Segmentation:

Market By Component: Electric Wires,Connectors,Terminals,Others

Market By Application: Body,Chassis,Engine,HVAC,Sensors

Market By Electric Vehicle: Battery Electric Vehicle (BEV),Plug-in Hybrid Electric Vehicle (PHEV)

Market By Vehicle: Light Vehicle,Heavy Vehicle

Market By Geography: North America,Europe,Asia-Pacific,Latin America,Middle East and Africa (MEA)

Market Participants

Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Robert Furukawa Electric Co., Ltd., Aptiva PLC, Lear Corporation, Sumitomo Electric Industries, Ltd., Leoni AG, and Yazidi Corporation.

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