The global [FURL=https://www.industryarc.com/Research/Vehicle-Wiring-Harness-Market-Research-512420?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Vehicle Wiring Harness Market[/FURL] is estimated to surpass $51.2 billion mark by 2026 growing at an estimated CAGR of more than 3.3% during the forecast period 2021 to 2026. Key drivers for Vehicle Wiring Harness segment were the increase in the number of electronic components used in cars and the increase in demand for automotive safety systems. From the last decades the increasing use of electrical components in the engine and gearbox compartment is projected to increase demand for Vehicle Wiring Harness over the forecast period. Autonomous driving and the increasing electrification of vehicles not only bring stricter safety and quality requirements for manufacturers of wiring harnesses – they are also confronted with new types of wiring harnesses as well.Key Takeaways
There is an industry-wide imperative to design lighter, more fuel-efficient cars. This has a bearing on conductor specifications and wiring harness design
As the available space stays the same, miniaturization plays an important role on the one hand, and multi-function on the other.
There are a rising number of electronic interfaces throughout the drive train and control systems, plus inside the passenger compartment. This is increasing the number and complexity of harnesses in vehicles.
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Vehicle Wiring Harness Market Drivers
Installation and Easy Handling Benefits
Thin wiring cable is easier to handle and install when making connections. Now a days manufacture are offering thinner and has a smaller size cables, making it easier to handle and move manually. It is also highly flexible and ensures that the installation surface does not break or shave as the cable is twisted and distorted, that makes it much easier to control and feed the cable through confined spaces and ducts while dealing with vehicles. Many wires are built in a vehicle and then, consider installing only one device that incorporates many cables.
Rising Miniaturization driving automation of manufacturing process
As vehicles are increasingly being fitted out with electric parts and IT components, an increasing number of highly specialized wiring harnesses are required. These harnesses are characterized by their complexity and an increasing degree of miniaturization. These two challenges can only be met with the help of special machines. As a result, more and more manufacturers of wiring harnesses for the automotive industry will be using machines that have been designed specifically for the automated processing of wires and cables.
Vehicle Wiring Harness Market top 10 companies are Acitome, Sumitomo Electric, Furukawa Electric, Delphi Automotive, Yazaki.
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