Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "Automotive Wire Harness Market Research Report: By Vehicle Type, Voltage, Propulsion, Material Type, Application - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Over the years, the integration of advanced safety and connectivity features in vehicles, such as advanced driver assistance systems (ADAS), GPS navigation, and vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity, has picked up. This is to be a key factor in the growth of the global automotive wire harness market from $42.8 billion in 2019 to $59.3 billion by 2030, at a 4.7% CAGR between 2020 and 2030, according to the publisher.
This is because the implantation of such features requires an array of sensors and electronic modules, which increases the requirement for wires to ferry electric current, as well as data. In this regard, the rising demand for autonomous vehicles is also acting as a major automotive wire harness market driver. Since autonomous vehicles require all the above-mentioned features and many more, a proper wiring network is paramount for them.
In 2020, the COVID-19 pandemic had halted the growth of the automotive wire harness market, as automotive component and vehicle plants were shut down and international trade restricted. Moreover, many people lost their jobs or were working at substantially low salaries, therefore were discouraged from purchasing automobiles.
In the coming years, the higher CAGR under the propulsion segment of the automotive wire harness market, of 18.0%, is predicted in the electric vehicle (EV) bifurcation. Due to the rapid degradation of the air as a result of greenhouse gas (GHG) emissions from conventional automobiles, governments around the world are promoting EVs. Compared to automobiles with internal combustion engines (ICE), EVs have more electronic modules, which need power and generate and transmit larger volumes of data.
In the years to come, the high voltage (HV) bifurcation will witness the faster growth in the automotive wire harness market, under segmentation by voltage. Around the world, the adoption of EVs is rising, and since the transmission of power from the battery to the motor is an HV application, the requirement for suitable wire harnesses is growing for such automobiles.
Asia-Pacific (APAC) currently generates the highest revenue in the automotive wire harness market, being the largest auto-producing region on earth. Moreover, the demand for EVs is rising rapidly in the region on account of the stringent emission regulations and favorable policies for the manufacturers and buyers of EVs.
Major companies in the global automotive wire harness market are Sumitomo Electric Industries Ltd., Yazaki Corp., Lear Corp., LEONI AG, Aptiv Plc, Fujikura Ltd., DRAXLMAIER Group, Furukawa Electric Co. Ltd., Motherson Sumi Systems Ltd., and Kromberg & Schubert Automotive GmbH & Co. KG.
Key Topics Covered:
Chapter 1. Research Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Industry Outlook
4.1 Voice of Industry Experts/KOLs
4.2 Market Dynamics
4.2.1 Trends
4.2.2 Drivers
4.2.3 Restraints/challenges
4.2.4 Impact analysis of drivers/restraints
4.3 Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining power of buyers
4.4.2 Bargaining power of suppliers
4.4.3 Intensity of rivalry
4.4.4 Threat of new entrants
4.4.5 Threat of substitutes
4.5 Impact of COVID-19 on the Market
Chapter 5. Global Market
5.1 Overview
5.2 Market Revenue, by Vehicle Type (2014-2030)
5.2.1 Passenger car market revenue (2014-2030)
5.2.2 Commercial vehicle market revenue (2014-2030)
5.3 Market Revenue, by Propulsion (2014-2030)
5.3.1 ICE market revenue (2014-2030)
5.3.2 EV market revenue (2014-2030)
5.4 Market Revenue, by Application (2014-2030)
5.4.1 Chassis market revenue (2014-2030)
5.4.2 Engine vehicle market revenue (2014-2030)
5.4.3 Body market revenue (2014-2030)
5.4.4 HVAC market revenue (2014-2030)
5.4.5 Speed Sensor market revenue (2014-2030)
5.4.6 Others market revenue (2014-2030)
5.5 Market Revenue, by Voltage (2014-2030)
5.5.1 LV market revenue (2014-2030)
5.5.2 HV market revenue (2014-2030)
5.6 Market Revenue, by Material Type (2014-2030)
5.6.1 Copper market revenue (2014-2030)
5.6.2 Aluminum market revenue (2014-2030)
5.7 Market Revenue, by Region (2014-2030)
Chapter 6. North America Market
Chapter 7. Europe Market
Chapter 8. APAC Market
Chapter 9. LAMEA Market
Chapter 10. Major Markets: Segment Analysis
10.1 Overview
10.2 China Market Revenue, by Vehicle Type (2014-2030)
10.3 U.S. Market Revenue, by Vehicle Type (2014-2030)
10.4 Germany Market Revenue, by Vehicle Type (2014-2030)
10.5 Japan Market Revenue, by Vehicle Type (2014-2030)
10.6 France Market Revenue, by Vehicle Type (2014-2030)
Chapter 11. Competitive Landscape
11.1 List of Market Players and their Offerings
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Strategic Developments of Key Players
Chapter 12. Company Profiles
12.1 Yazaki Corp.
12.1.1 Business overview
12.1.2 Product/service offerings
12.1.3 Key financial summary
12.2 Sumitomo Electric Industries Ltd.
12.2.1 Business overview
12.2.2 Product/service offerings
12.2.3 Key financial summary
12.3 LEONI AG
12.3.1 Business overview
12.3.2 Product/service offerings
12.3.3 Key financial summary
12.4 Lear Corp.
12.4.1 Business overview
12.4.2 Product/service offerings
12.4.3 Key financial summary
12.5 Fujikura Ltd.
12.5.1 Business overview
12.5.2 Product/service offerings
12.5.3 Key financial summary
12.6 Aptiva Plc
12.6.1 Business overview
12.6.2 Product/service offerings
12.6.3 Key financial summary
12.7 Furukawa Electric Co. Ltd.
12.7.1 Business overview
12.7.2 Product/service offerings
12.7.3 Key financial summary
12.8 DRAXLMAIER Group
12.8.1 Business overview
12.8.2 Product/service offerings
12.9 Kromberg & Schubert Automotive GmbH & Co. KG
12.9.1 Business overview
12.9.2 Product/service offerings
12.9.3 Key financial summary
12.10 Motherson Sumi Systems Ltd.
12.10.1 Business overview
12.10.2 Product/service offerings
12.10.3 Key financial summary
Chapter 13. Appendix
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