Automotive Harness System Market - By Material (Copper, Aluminum), By Component (Connectors, Terminals, Wires), By Vehicle Type (Two-wheelers, Passenger Cars, Commercial Vehicles), By Propulsion Type, By Application, Forecast 2022-2032
Report ID: GMI6074
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Published Date: June 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 339
Countries covered: 18
Pages: 250
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Automotive Harness System Market Size
Automotive Harness System Market size was valued at USD 52.2 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032. The increasing complexity of automotive electrical systems, the rising demand for electric & hybrid vehicles, the growing adoption of Advanced Driver Assistance Systems (ADAS), and the integration of advanced infotainment & connectivity features in vehicles are the major factors contributing to market growth. Automotive harness systems are crucial for efficiently routing & managing electrical wiring as well as ensuring reliable communication and power distribution throughout the vehicle. The market presents significant opportunities for harness system manufacturers to cater to the evolving needs of the automotive industry
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An automotive harness system is a combination of electrical cables or an assembly of wires, which connects all Electrical & Electronic (E/E) components in the automotive vehicle. The harness handles the energy and information flow within the E/E system to fulfill primary car functions, such as steering and braking, as well as secondary car functions including ventilation and infotainment.
The increasing complexity of automotive electrical systems and the integration of advanced technologies pose design & manufacturing challenges to meet higher data transfer rates and power requirements. Furthermore, the high cost of developing and implementing advanced harness systems can limit adoption, particularly in price-sensitive markets, which is anticipated to hinder market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the global automotive harness system market. In the initial phase of the pandemic, the automotive industry witnessed disruptions in the supply chain & manufacturing operations and a decline in vehicle sales. These factors negatively impacted the automotive harness system industry share. However, as the industry recovered, the market witnessed a resurgence in demand, which was driven by the rebound in vehicle production and the rising electrification & digitalization trends.
Automotive Harness System Market Trends
The growing demand for lightweight & compact harness systems to accommodate the increasing number of electrical components in vehicles while minimizing space requirements and weight is expected to inject significant growth in the coming years. The rising need for advanced wiring technologies capable of handling higher data transfer rates required for in-vehicle communication networks and ADAS is also fueling market growth. Additionally, emphasis on enhancing the durability, reliability, and ease of installation of harness systems to optimize vehicle assembly processes is anticipated to favor market demand.
Automotive Harness System Market Analysis
Based on application, the automotive harness system market is segmented into body & lighting, engine, HVAC, chassis, dashboard & cabin, battery, seat, and others. The dashboard & cabin segment is expected to witness over 6.5% CAGR during the forecast period, i.e., 2023 to 2032. The market is witnessing an increasing demand for advanced connectivity features and enhanced user experiences including seamless integration with smartphones, touchscreen displays, voice recognition systems & personalized settings in vehicles. These features rely on robust wiring harnesses to enable effective communication and power distribution between various components in the dashboard and cabin. As automakers strive to meet consumer expectations, the demand for sophisticated harness systems to support these technologies will grow.
Based on material, the market is divided into copper, aluminum, and others. Copper led the material segment with over 60% market share in 2022 and is expected to witness a robust growth rate during the forecast period. Copper efficiently transmits electrical power & signals with minimal resistance and loss. This is crucial in automotive applications where reliable & efficient electrical connections are essential for the proper functioning of various systems and components. In automotive applications, where electrical components can generate significant heat, copper wiring harnesses manage and dissipate heat efficiently, preventing overheating and potential damage to the system.
Asia Pacific is the dominant region in the global automotive harness system market with a share of over 30% in 2022. Countries including China, Japan, India, and South Korea are propelling market growth in this region. These countries have a strong automotive industry and are investing heavily in electric & hybrid vehicles, which require advanced harness systems for efficient electrical integration. The Asia Pacific market presents significant opportunities such as regional expansion for harness system manufacturers to expand their market presence and cater to the evolving needs of the automotive sector.
Automotive Harness System Market Share
Some of the major players operating in the automotive harness system market are
These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. Furthermore, they heavily invest in research to introduce innovative products and garner maximum revenue in the market.
Automotive Harness System Industry News:
The automotive harness system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:
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By Material
By Component
By Vehicle Type
By Propulsion Type
By Application
The above information is provided for the following regions and countries: