The global automotive wiring harness market will acquire considerable market share during the forecast period 2019-2025 owing to high adoption of safety technologies in automobiles. Increasing demand for advanced driver assistance systems (ADAS) installations in vehicles and consumer preference for automotive electricals are further fueling the industry demand. Installing connectivity systems in cars for simplified and easy connection of electrical components will further support the industry growth.
Based on the application of the product, the automotive wiring harness market is classified as body, chassis, engine, HVAC and speed sensor harness. The chassis segment dominated the overall industry followed by body equipment segment. Speed sensor wiring harness is expected to have highest CAGR during the forecast period owing to rapid adoption of advanced driver assistance systems in the automobiles.
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On the basis of vehicle type, the automotive wiring harness market is divided in to light weight vehicles and heavy vehicles. The high volume of production in light weight vehicles will support the adoption of wiring harness equipment in the light vehicles. Increasing demand for advanced driver assistance systems (ADAS) installations in vehicles and consumer preference for automotive electricals are further fueling the industry demand. Installing connectivity systems in cars for simplified and easy connection of electrical components will further support the industry growth.
Based on components used, the automotive wiring harness market is divided in to copper, aluminum and other materials. Aluminum segment is expected to dominate the market as use of aluminum results in weight reduction of the harness system. The manufacturers are using aluminum to develop light weight wiring harness systems which reduces the overall vehicle weight and decrease in carbon dioxide emission.
The major companies in the automotive wiring harness market are Delphi Automotive, Leoni AG, Sumitomo Electric Industries, Yazaki Corporation, Lear Corporation, Furukawa Electric Company Ltd., THB Group, Samvardhana Motherson Group, Spark Minda, Nexans Autoelectric, Yura Corporation, Fujikura Ltd., PKC Group, Quingdao Sanyuan Group, Kyungship Corporation, and Kromberg & Schubert.
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