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Automotive Wiring Harness Market worth $59.5 billion by 2030 – Exclusive Report by MarketsandMarkets™

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Automotive Wiring Harness Market is projected to grow from USD 48.7 billion in 2023 to USD 59.5 billion by 2030, at a CAGR of 2.9% from 2023 to 2030, according to a new report by MarketsandMarkets™. The market is driven by factors such as increasing vehicle production, increased adoption of electric vehicles, increased number of new features in modern vehicles, etc. The shift towards electric & hybrid vehicles and vehicles with ADAS features drives the demand for complex wiring harnesses with higher data transfer rates. The future challenge for the wiring harness manufacturers and OEMs would be to accommodate high-voltage systems, battery management and electric motors, and motor management systems with high-speed data wiring.

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Browse in-depth TOC on “Automotive Wiring Harness Market“.

355 – Tables
64 – Figures       
339 – Pages

Automotive Wiring Harness Market Scope:

Report Coverage

Details

Market Size

USD 59.5 billion by 2030

Growth Rate

2.9% of CAGR

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By application, ICE vehicle type by transmission type and application, Electric vehicle type by transmission type and application, component, material, data transmission harness market, by data rate, by high voltage and region.

Geographies Covered

Asia Pacific, North America, Europe, and Rest of the World

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Increase in use of high voltage wiring harnesses and optical fiber cables

Key Market Drivers

Rise in Advanced Features in Vehicles

The metallic wiring harness is expected to hold the largest market share in 2023

The metallic segment holds the largest share of the automotive wiring harness market. OEMs mostly use copper for manufacturing automotive wiring harnesses due to high conductivity, durability, limited corrosion, high tensile strength, and high data transfer. Hence, metallic wiring harnesses are extensively used in various critical automotive applications, including powertrain, chassis, body and lighting, safety systems, transmission, and interior wiring. Despite fluctuations in the prices of copper, which have impacted the profit margins of wiring harness manufacturers in the recent past, metallic materials are still expected to hold a large share of the automotive wiring harness industry by 2030. Also, using aluminium in automotive wiring harnesses with gold plating helps enhance data transmission and reduce weight and costs. For instance, Positronic provides gold plating in connectors, and TE Connectivity also provides automotive terminals with either gold or nickel plating. Furukawa Electric in October 2021 developed aluminium wires in wiring harnesses used in Toyota Boshoku seats and fitted in the new Toyota Land Cruiser 300. However, aluminium has its challenges, such as corrosion and termination issues. Hence, wiring harness manufacturers are still using copper. While copper remains a preferred choice for its conductivity and reliability, there has been ongoing research and development in alternative materials, such as aluminium and conductive plastics, to reduce weight and improve vehicle fuel efficiency. The market will continue to rely on copper for its reliability and conductivity, alongside a growing use of aluminium for weight reduction and efficiency. Some automakers, such as Sumitomo, are exploring these alternatives, leading to a slight decrease in copper usage.

The body and lighting harness segment is estimated to be the largest market during the forecast period.

The body and lighting harnesses are integral components in modern vehicles, responsible for the electrical connections that power and control various aspects of a vehicle’s body and lighting systems. This includes the vehicle’s lighting, door locks, power windows, interior electronics, and dashboard controls. Introducing new internal applications such as ambient lighting, dashboard lighting, glovebox lighting, and exterior applications such as matrix LED headlamps, rear flashlights, and DRLs has led to technological changes in wiring harnesses and associated electronics. The presence of luxury or premium vehicles across the globe is increasing. These vehicles are equipped with cutting-edge technology, including advanced safety systems, infotainment, and autonomous driving features, requiring more harnesses. According to industry experts, body & lighting harness requires 900-1,000 wires, 5-7 harnesses, and 300-500 circuits, with a data transmission rate of 10-15% per the vehicle’s length and complexity. Asia Pacific is estimated to be the largest market for this segment as this region is expected to have a higher growth rate in vehicle production, thereby driving the growth of the body and lighting harness segment.

Europe is anticipated to be the second-largest market in 2023, driven by growing vehicle production and electrification trends.

The European market is expected to exhibit growth in vehicle production in the coming years, increasing the demand for wiring harnesses. Companies such as Aptiv PLC (Ireland), Leoni AG (Germany), and Nexans (France) are key players in the domestic wiring harness market. GermanyFranceSpain, the UK, RussiaItaly, and the Rest of Europe have been considered under Europe for market analysis. The European Union (EU) has implemented a range of regulatory mandates to enhance vehicle safety by including advanced driver assistance systems (ADAS) and other safety features. These regulations are strategically designed to reduce accidents and improve overall road safety. The implications of these mandates are particularly noteworthy for the automotive wiring harness market. ADAS and safety features necessitate intricate wiring harnesses to interconnect the sensors, actuators, and control units, enabling these systems to function effectively.

Consequently, there is a growing demand for automotive wiring harnesses in Europe as an increasing number of vehicles are equipped with these advanced features. The growing production of luxury vehicles in Germany and the UK drives the demand for automotive wiring harnesses. Luxury vehicles stand out for their extensive advanced features, including heated and cooled seats, power windows and locks, sunroofs, and cutting-edge safety systems like automatic emergency braking, lane departure warning, and adaptive cruise control. These features necessitate integrated wiring harnesses to establish connections among the various components and systems that enable their functionality. Bentley, Cadillac, Lincoln, Mercedes-Maybach, Porsche, and Rolls-Royce are some luxury cars that will continue driving sales in this region, further driving the need for advanced wiring harness technology. In Europe, the accelerated shift toward electric vehicles, backed by government targets for widespread electrification by 2030, is transforming the automotive wiring harness market. NorwayFinlandGermany, etc., dominate the electric vehicle market, further driving the demand for advanced wiring harnesses. Electric vehicles demand high voltage wiring harnesses to connect critical components like batteries and inverters. Additionally, advanced features in EVs require supplementary harnesses. As a result, the demand for automotive wiring harnesses is poised for substantial growth, driven by the expanding production of EVs and the integration of advanced technologies, presenting business opportunities for manufacturers.

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Key Market Players:

The major players in Automotive Wiring Harness Companies include Yazaki Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany).

Recent Developments

  • In May 2023, Sumitomo Electric and NICT (National Institute of Information and Communications Technology) developed the world’s first 19-core optical fiber with a standard outer diameter. They set a new world record for transmission capacity. The new fiber can transmit 1.6 terabits per second (Tbsp.) over 10,000 kilometres, which is twice the capacity of the previous record holder. The development of this new fiber is a breakthrough for long-distance optical communication and is expected to be used in future 5G and beyond 5G networks.
  • In May 2023, Sumitomo Electric Wiring Systems will invest approximately USD 10 million in manufacturing harnesses, becoming the first Tier 1 automotive company to establish operations in Tabasco, Mexico. Tabasco has seen a remarkable 24.3% growth in economic activity, positioning itself as an attractive destination for automotive investment. The company will be located near key transportation routes in the Tabasco Business Center industrial park.
  • In March 2022Morocco’s Ministry of Industry and Trade has inked eight investment agreements with prominent international automotive suppliers like Yazaki, Sumitomo, Lear, Stahlschmidt, and TE Connectivity, totalling USD 175 million in investments and promising the creation of 12,000 direct jobs. Yazaki Group has entered into three agreements for substantial investments in Morocco’s automotive sector. This includes the construction of a new wiring production plant in Meknes and expanding existing facilities in Kenitra and Tangier.
  • In December 2022, Aptiv PLC successfully acquired an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l., with the deal valued at USD  627 MN. Intercable Automotive Solutions, a leader in high-voltage power distribution and interconnect technology, will be an independent business unit under Aptiv’s Signal & Power Solutions segment, maintaining its existing brand. This acquisition strengthens Aptiv’s global leadership in vehicle architecture systems.
  • In June 2022, Furukawa Electric secured deals with eight automakers to use its aluminium wire harnesses in one hundred vehicle models by 2025, mainly targeting European automakers. The company will continue developing aluminium harnesses to further reduce weight as the global shift toward EVs accelerates.

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Artificial Intelligence

Zetrix and Beitou Launch Digital ID & Driver’s Licence Services on Blockchain

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Service is the first global W3C-compliant Verifiable Credential implementation and will be initially used by China domestic users travelling abroad
KUALA LUMPUR, Malaysia, Dec. 10, 2023 /PRNewswire/ — Zetrix, a layer 1 public blockchain platform, today announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification. This innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organisations, and governments interact in the digital realm.

The launch marks the commercialisation of the collaboration announced on 18th September 2023 between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group listed as one of China’s Top 500 enterprises.
The launch was held on 9th December 2023 at Ritz-Carlton Hotel Kuala Lumpur and officiated by Malaysia’s Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier wishing to verify the relevant identity or driving licence data according to their needs.
Beitou IT’s integration to China’s nationwide police and transport department databases ensures seamless authentication and digitisation of the documents into VCs.
Furthermore, in view of the immutability of blockchain, verifiers will have the assurance of knowing that the VCs and all data contained in the document are true and genuine.
It is foreseen that besides IDs and driving licences, other important credential documents held by individuals or businesses would also be digitised as VCs in the near future. 
Enhancing Security and Combating Breach of Data
The use of digital credentials, with the initial pilot of driving licences based on blockchain technology will significantly enhance security and combat counterfeiting of electronic licences. By leveraging on the Self Sovereign Identity (“SSI”) framework, Zetrix’s Digital Credentials platform enables the real time verification of documents digitised as Verifiable Credentials, providing a robust defence against fraud and forgery.
“In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks,” explained TS Wong, founder of Zetrix.
Lai Shuiping, Chairman of the Board of Guangxi Beitou IT Innovation Investment Group Co.,Ltd, Lai Shuiping, said: “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
“In future, Beitou IT will further strengthen cooperation with Malaysian enterprises in the field of transportation digitalisation, and promote continuous improvement of intelligent transportation in ASEAN countries,” Lai added.
Multi-Chain e-Wallet for International Travelers
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that is able to store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
The digital credentials service exemplifies the World Wide Web Consortium (W3C) standards of Verifiable Credentials and Decentralised Identifiers as Self-Sovereign Identity. This will be a key catalyst to enable a greater interoperability across blockchains and decentralised applications.
About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Guangxi Beitou IT Innovation Technology Investment Group Co Ltd 
Guangxi Beitou IT Innovation Investment Group Co. (Beitou IT) stands as a wholly owned subsidiary of Beibu Gulf Investment Group (Beitou Group), boasting total assets exceeding 300 billion RMB. Established in October 2020 with a registered capital of 1 billion RMB, Beitou IT has emerged as the foremost digital company in Southwest China. Beitou IT strategically concentrates on four primary business domains: ITAI project implementation and operation, IT product R&D, integration and sales, and the development of New Infrastructure. Over the past three years, Beitou IT has successfully undertaken numerous government and enterprise-level projects encompassing digital government, digital transportation, digital port, smart court, and enterprise digitalization.
With a workforce exceeding 400 employees, Beitou IT houses a team of hardware and software engineers, where over 50% hold master’s degrees from esteemed universities. The team includes 2 State Council-subsidized experts, numerous district industrial authorized experts, and a Fin-Tech expert from the ‘Hong Kong, Macao, and Taiwan Talent Project.’ This robust talent pool positions Beitou IT as one of the rare state-owned digital companies capable of independent R&D.
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Artificial Intelligence

Sustainability Empowerment, Brand Upgrade VIVOTEK among Taiwan’s Best Global Brands

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TAIPEI, Dec. 10, 2023 /PRNewswire/ — VIVOTEK (3454TW), the global leading IP surveillance solution provider, has been selected to the Best Taiwan Global Brands, and consistently earned market recognition. The three development engines of operational excellence, comprehensive brand management, and active promotion of sustainable actions, have elevated the brand above competition to display outstanding brand value.

Best Taiwan Global Brands is organized by the Industrial Development Bureau, MOEA, and valuation is carried out by Interbrand, a global authority on brand valuation; this year, ESG was also included as key standards of valuation. In 2022, VIVOTEK set a record high in revenue with annual consolidated revenue reaching USD $332 million, achieving a growth rate of 82% compared to the same period in 2021. In addition to displaying operational strengths, VIVOTEK also advocated several sustainable actions, while also encouraging its employees to practice environmental protection both at work and in daily life, further earning the approval of the organizer.
“Being selected to Taiwan’s Best Global Brands is a recognition of the company’s strengths,” pointed out Allen Hsieh, VIVOTEK Spokesperson and Director of Global Marketing Division. “Brand power is not just manifested through the technical aspect of products, but also through the CSR aspect. By embedding ESG into our brand’s DNA, we not only adopt sustainable thinking, but also create a differentiated brand image. In the future, VIVOTEK will continue to empower our brand through ESG, while also constantly promoting smart and green innovations of security and protection technology, steering the brand towards greater value of sustainable development.”
Evolution of the brand is the firm starting point of VIVOTEK’s brand management. Through redefining identity and slogan, “We Get The Picture,” VIVOTEK breaks the limitations of the industry to redefine its brand value, establishing its unique status within the security and protection industry. By grasping the opportunity of technical innovation, VIVOTEK combines its hardware advantage and software capability to expand its deployment of security and protection solutions, becoming a leading solution provider, while also actively exploring the market of AI security and protection, such as: successfully launching innovative VORTEX smart cloud surveillance service that focuses on customer needs and accumulating many successful cases around the world. Recently, VIVOTEK was ranked number 12 among a&s Security 50, reaching the highest spot ever, and this is the very manifestation of the brand’s continued improvement of brand competitiveness.
VIVOTEK is a leading surveillance brand that strives for sustainability and began deploying ESG strategy many years ago. Key measures include voluntary publication of sustainability report for six consecutive years, participation in the RE100 global corporate renewable energy initiative, and promotion of renewable energy applications. More recently, VIVOTEK has incorporated the principle of sustainability into its product box design, reutilizing packaging of its products to create eco-friendly smartphone holders. This marks the first time the brand’s innovative sustainability principle has been extended through its products. VIVOTEK also plans to launch a product carbon footprint project in 2024 to facilitate formulation of comprehensive carbon reduction strategy, further strengthening brand development and upgrading sustainable operations.
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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

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BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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