Uploaded on Mar 26, 2020
Automotive Secondary Wiring Harness Market
Automotive Secondary Wiring Harness Market
Summary
Global Automotive Secondary Wiring Harness Market Report Information by Application
(Cabin, Door Harness, Engine, Electronic Parking Brakes, Airbag Harness, and Electronic
Gear Shift System), by Vehicle Type (ICE and EV), by Region- Forecast till 2023
Automotive Secondary Wiring Harness Market Overview
The global automotive secondary wiring harness could project a CAGR of roughly 11%
during the forecast period (2018-2023), reveals Market Research Future (MRFR).
Growth Boosters and Top Restraints
A secondary wiring harness is used in vehicles and refers to a set of wires that help connect
various electrical and electronic devices directly with the main wiring. This is done without
any modification or attachment of connectors. Secondary wiring harness primarily consists
of wires and connectors that help achieve direct connections between the electronic and
electrical components with the primary wiring.
Surge in adoption of electric vehicles is one of the prime factors backing the growth of the
Automotive Secondary Wiring Harness Market. Governments of several nations are
imposing regulations that necessitate the use of several electronic systems like Anti-Lock
Braking System (ABS), Electronic Stability Program (ESP) and Electronic Braking Systems
(EBS) into vehicles These proactive steps being taken by authoritative agencies seem to be
working in favor of the worldwide market, note data experts.
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Escalating demand for vehicle comfort as well as safety accessories could provide lucrative
opportunities to the worldwide Automotive Secondary Wiring Harness Market. Apart from
this, the world over, various wiring harness manufacturing vendors are striving to develop
secondary wiring harness systems that give back-up to high-technology systems like lighting
systems, infotainment systems, connectivity technology, and electronic brakes. Such
technological innovations are bound to elevate the market position in subsequent years.
Key Players
The types of vehicles that employ automotive secondary wiring harness include internal
combustion engine (ICE) and electric vehicle (EV). ICE comprises passenger vehicles, light
commercial vehicle, and heavy commercial vehicle. Whereas EV consists of hybrid electric
vehicle (HEV), battery electrical vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
Market Segmentation
The worldwide Automotive Secondary Wiring Harness Market has been categorized with
context to application and vehicle type.
Various applications of automotive secondary wiring harness are door harness, cabin,
electronic parking brakes, engine, electronic gear shift system, and airbag harness. The cabin
segment can be split into lighting, infotainment, steering wheel harness, and seat harness
while the door harness segment includes power door lock harness, power mirror, and door
handle harness. Airbag harness enjoys robust demand due to rising installations of extra
airbag in latest vehicle models along with the increasing mandates for automotive safety.
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secondary-wiring-harness-market-6091
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of
various industries through our Cooked Research Report (CRR), Half-Cooked Research
Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market
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MRFR team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products, services,
technologies, applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more, which help
to answer all their most important questions.
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Regional Insight
Europe, North America, Asia Pacific (APAC) and the Rest of the World (ROW) are the primary
markets for automotive secondary wiring harness.
Asia Pacific could be the leading market for automotive secondary wiring harness in the near
future, as a result of the expansive population and rising middle class. These factors are
influencing the automotive sales in a positive way in the region. Increasing use of advanced
systems and vehicle production in the region owing to robust demand for premium vehicles
has intensified the demand for automotive secondary wiring harness. The region is also
noting immense infrastructure development which has done wonders for the market in
recent years. This is a critical factor that helps augment the demand for heavy vehicles that
need advanced technology automotive wiring for heat insulation.
Germany is touted to be the most profitable market for automotive secondary wiring harness
in Europe during the forecast period. Germany is one of the prominent technology hubs of
automotive industry in the world, and it also houses a huge number of esteemed players.
This gives a substantial boost to the regional market in the process.
North America stands as an important market for Automotive Secondary Wiring Harness
Market. The region is known for having a highly lucrative market for premium vehicles,
which could benefit the automotive secondary wiring harness automotive wiring harness
market as well. Moreover, there has been exponential demand for extra safety and
convenience features in mid-segment vehicles in the region. The sum of these factors is
expected to significantly push the growth of the regional market in the following years.
Renowned Players
Highly renowned vendors operating in the worldwide Automotive Secondary Wiring
Harness Market include Ashok Minda Group (India), Aptiv PLC (UK), Yazaki Corporation.
(Japan), and Furukawa Electric Co., Ltd. (Japan), Sumitomo Electric Industries, Ltd. (Japan),
Lear Corporation. (US), Leoni AG (Germany), Samvardhana Motherson Group. (India), Spark
Minda, Nexans (France), and THB Group. (China).
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