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The APAC Automotive Wiring Harness market size is forecast to increase by USD 6.06 billion at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth due to the increasing penetration of automotive electronics and advances in autonomous vehicles. The demand for wire harnesses is driven by the need to transmit signals and electrical power between various components in vehicles. Insulating materials, straps, cable ties, cable lacing, and electrical tape are essential components of wire harnesses, ensuring the safe and efficient transfer of power and data. However, the market is facing challenges due to the declining sales of automobiles in some regions. To address these challenges, manufacturers are focusing on reducing the weight and cost of wire harnesses without compromising on performance. In the US market, the trend is similar, with the emphasis on developing lightweight and cost-effective wire harnesses to meet the growing demand for automotive electronics and autonomous vehicles.
The market is witnessing significant growth due to the increasing demand for advanced electrical systems in trucks and buses. Mechanical design and electrical design are integral components of automotive manufacturing, with electrical systems becoming increasingly complex. Environmental conditions, such as temperature, humidity, sunlight, and dirt, pose challenges to the design and development of wiring harnesses for trucks and buses in APAC. Extreme temperatures can cause wires to expand or contract, leading to potential damage. Humidity and sunlight can cause corrosion, while dirt and debris can obstruct or damage wires.
Development costs are a critical factor in the automotive wiring harness market. Design consistency and comfort of use are essential to ensure effective monitoring and better design validation. Correct-by-construction integration and the use of a design database in a multi-user environment facilitate efficient collaboration and reduce errors. Two-dimensional (2D) and three-dimensional (3D) layouts are essential tools for electrical design. Manufacturing plants rely on these layouts to produce wiring harnesses that meet the required specifications. However, data inconsistency can lead to problems and errors, necessitating physical prototypes for testing and validation. Electronic Design Automation (EDA) tools are essential for the design and development of automotive wiring harnesses.
These tools enable effective design validation and help reduce time to market. The use of EDA tools facilitates correct-by-construction integration, ensuring that wiring harness designs are free from errors and meet the required specifications. In conclusion, the market is driven by the increasing demand for advanced electrical systems in trucks and buses. Environmental conditions, development costs, and design validation are critical factors influencing the market. The use of 2D and 3D layouts, EDA tools, and a design database in a multi-user environment facilitate efficient collaboration and reduce errors.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.
The Passenger vehicles segment is estimated to witness significant growth during the forecast period.The market plays a crucial role in the transfer of data and signals between sensors and control units in advanced automotive systems used in passenger vehicles. These systems are integrated into various vehicle components such as engines, chassis, brakes, transmission, and steering. The extensive use of electronic components in passenger vehicles, particularly in mid-segment and luxury-segment vehicles, priced between USD 15,000 and USD 40,000 and above, respectively, drives the demand for wiring harnesses. Manufacturing plants in APAC produce conduits, terminal housings, and connectors for wiring harnesses. The assembly process involves the use of software tools to create 2D and 3D layouts for efficient manufacturing.
However, data inconsistency and errors during the production process can lead to problems and errors in the final product. To mitigate these issues, it is essential to ensure the accuracy and precision of the design and manufacturing processes. In conclusion, the market is a significant contributor to the automotive industry, providing essential components for advanced vehicle systems. The market's growth is driven by the increasing demand for electronic components in passenger vehicles, particularly in mid-segment and luxury-segment vehicles. Manufacturers must focus on improving the production process to minimize data inconsistencies and errors to ensure the quality of the final product.
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The Passenger vehicles segment accounted for USD 17,169 million in 2017 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing penetration of automotive electronics is the key driver of the market. The market is experiencing significant growth due to the escalating integration of electrical systems in trucks and buses. Mechanical design has taken a backseat to electrical design as automobiles become increasingly reliant on advanced technologies. The extensive use of electrical systems in vehicles is primarily driven by the emphasis on energy efficiency, decreased emissions, and the rising demand for sophisticated safety features. Environmental conditions, including temperature, humidity, and sunlight, significantly impact the design and functionality of automotive wiring harnesses. Manufacturers must ensure their products can withstand these conditions to meet consumer expectations and industry standards. The automotive industry's technological evolution has led to an increase in the usage of electronic components and software in vehicles.
This trend has significantly boosted the demand for automotive wiring harnesses, as they are essential for connecting these components and ensuring proper communication between them. Key players in the market include leading manufacturers such as Bosch, Delphi Technologies, and Sumitomo Electric Industries. These companies are investing heavily in research and development to create innovative solutions that cater to the unique demands of the APAC market.
Advances in autonomous vehicles is the upcoming trend in the market. The market is experiencing significant growth due to the increasing adoption of advanced electronic contents in vehicles, particularly in the development of autonomous vehicles. With the surge in R&D activities related to self-driving cars, the market for wiring harnesses is poised for expansion. The intricate electronic systems and connectivity requirements of autonomous vehicles necessitate the use of advanced wiring harnesses. In recent years, the global autonomous vehicle industry has seen considerable progress, with automotive OEMs, tier-1 suppliers, and shared mobility service providers actively testing and developing self-driving prototypes. Advanced insulating materials, such as heat-resistant and flame-retardant materials, are used in the production of these wiring harnesses to ensure the reliable transmission of signals and electrical power.
To secure and manage the cables, various fasteners like straps, cable ties, and cable lacing are employed. Electrical tape is also used to insulate and protect the wiring harness from external damage. The market for automotive wiring harnesses in APAC is expected to grow as the demand for advanced connectivity and electronic systems in vehicles continues to rise.
Declining sales of automobiles is a key challenge affecting the market growth. The market has faced challenges due to external factors impacting the automotive industry. The sales volume in the APAC automotive market experienced a significant decrease in 2020. Previously, the global automotive sector underwent a significant downturn following the financial crisis in 2008-2009. This trend has persisted, negatively affecting the expansion of the market under consideration. Various factors have contributed to the decline in automobile sales in APAC. Trade disputes between the US and China, instigated by the US's trade sanctions, have influenced the sales figures in China's automotive market. Additionally, concerns over dirt and vibration affecting wiring harnesses and cable harnesses in vehicles have led to a focus on reliability and safety-critical design practices.
Autonomous driving and advanced infotainment platforms are becoming increasingly important in the automotive industry. To meet these demands, wiring harnesses must be designed with flame-retardant sleeves to ensure safety. As the automotive industry adapts to these technological advancements, the need for robust wiring harness solutions remains crucial. In conclusion, the APAC automotive wiring harness market has faced hurdles due to external factors affecting the automotive industry. The decline in automobile sales in the region has hindered the market's growth. However, the focus on safety-critical design practices and the integration of advanced technologies like autonomous driving and infotainment platforms necessitate the development of reliable wiring harness solutions with flame-retardant sleeves.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aptiv Plc - In the market, our company provides advanced wiring harness solutions, engineered to deliver optimal cost efficiency and superior performance for the entire electrical system in vehicles. Our innovative connection systems ensure reliable and durable electrical connections, enhancing the overall functionality and safety of automobiles. By utilizing the latest technology and design techniques, we create wiring harnesses that meet the stringent requirements of the automotive industry, ensuring compliance with industry standards and regulations. Our offerings contribute to reducing vehicle weight, improving fuel efficiency, and increasing overall vehicle performance.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for trucks and buses with advanced electrical systems. Mechanical design and electrical design play crucial roles in the production of wiring harnesses for these vehicles. The electrical systems in trucks and buses are subjected to harsh environmental conditions, including temperature, humidity, sunlight, dirt, vibration, and other factors, necessitating the use of reliable and durable wiring harnesses. Wiring harnesses, also known as cable harnesses, are essential components of electrical systems in vehicles. They consist of electrical wires, insulating materials, signal and electrical power conductors, and various connectors and terminals.
The use of flame-retardant sleeves, straps, cable ties, cable lacing, electrical tape, conduit, and connector housings ensures the safety and reliability of these harnesses. The design of wiring harnesses involves intricate 2D and 3D layouts using software tools such as Saberrd Flow, Synopsys, and Saberes Designer. Virtual prototyping tools help in simulating the electrical behavior of the harnesses, including circuit simulations, DC simulations, voltage drop analysis, connectivity checking, and transient simulations. These tools help in addressing data inconsistency, problems, and errors, ensuring industry-leading accuracy, and effective monitoring. The manufacturing process involves design validation, Saberesd flow, Saberrd, Saberexp, and other software tools to ensure correct-by-construction integration, design database management, multi-user environment, and better design validation.
Component tolerances and what-if studies are essential to ensure development costs, data consistency, comfort of use, and better design validation. The market is expected to grow further due to the increasing adoption of autonomous driving and infotainment platforms in trucks and buses.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2017-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 6064.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Key companies profiled |
Aptiv Plc, Coroplast Fritz Muller GmbH and Co. KG, DENSO Corp., Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Nexans SA, Robert Bosch GmbH, Samvardhana Motherson International Ltd., Schaeffler AG, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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