With the Wide Application of New Energy Electric Vehicles, the Requirements and Demand for Automotive Wiring Harness Will Increase

Automotive Wiring Harness refers to the components for the connecting circuit which strapped by copper punched contact terminals (connectors) crimped with wires and cables, adding plastic insulators or metal shells to the outside. At the moment, the wiring harnesses in cars are basically the same whether they are luxury cars or economy cars. They are all made up of wires, plugs and wrapping belts. Automotive Wiring Harness has called the vessel, is generally considered to be the central nervous system of a car, the vehicle computer-related functions of the vehicle together. Automotive Wiring Harness in the car electronics technology content and quantity, has gradually become an important index to evaluate the performance of the automobile.

Automotive wiring harnesses are closely bundled wires and data circuits, which serve as the central structure of the vehicle. To ensure safety and basic functions, and to provide comfort and convenience, cars are equipped with various electronic and electronic systems that use battery-powered control signals for operation. At present, there are many wiring harnesses used in automobiles, and the electronic control system is closely related to the wiring harness. Automobile wiring harness is the main body of the automobile circuit network, which connects the electronic and electrical parts of the automobile and makes it function. It must not only ensure the transmission of electrical signals, but also ensure the reliability of the connection circuit, supply the specified current value to the electronic and electrical components, prevent electromagnetic interference to the surrounding circuits, and eliminate electrical short circuits. With the increase of automobile functions and the widespread application of electronic control technology, there will be more and more electrical parts and more and more wires, except for the Body Wiring Harness (which is walking from the left side of the cab against the floor, connecting the fuel tank sensor and Rear light), Engine Wiring Harness (connected to various sensors and actuators on the engine, around the engine),there are also Chassis Wiring Harness, HVAC Wiring Harness, Sensors Wiring Harness, Door Wiring Harness, Lighting Wiring Harness, Camera Wiring Harness, Seat Harness, Sunroof Harness and Others. In 2020, Chassis Wiring Harness covered the largest market share with 19.25%.

The Current Situation of Global Automotive Wiring Harness Industry

Europe was the largest revenue market with a market share of 25.16% in 2015 and 25.55% in 2020 with an increase of 0.34%. China ranked the second market with the market share of 22.87% in 2019. Automotive Wiring Harness companies are mainly from Europe and China; the industry concentrate rate is relatively high. The top three companies are Yazaki Corporation, Sumitomo and Aptiv PLC with the revenue market share of 28.62%, 23.41% and 12.50% in 2019.

Different industries are affected differently by the epidemic situation. The impact of the epidemic on the Vehicle Wiring Harness industry is mainly reflected in his downstream application market. Due to the spread of the epidemic, production stopped and the automotive supply chain was interrupted. In addition, due to restrictions on travel and the economic downturn due to the epidemic, the decline in incomes and reduced demand for cars may cause some automakers to adjust their annual production. Therefore, with the adjustment of the vehicle production plan, the car The demand for wiring harnesses will also be affected.

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The Automotive Wiring Harness industry is also facing fierce competition. There are already many companies operating in this industry. They pay more attention to product innovation, channel construction, and customer relationship management, trying to gain greater market share and competitive advantages. And stable customer resources in this industry are the main factors of competition. At present, although the depression of the automotive industry in the past two years has affected the Automotive Wiring Harness market to a certain extent, the continuous development of new energy vehicles will further promote the demand for Automotive Wiring Harness. Therefore, the competition in the new field market will further expand.

The Main Trends of Global Automotive Wiring Harness Industry

The wiring harness is the channel for transmitting these signals and power. In this process, some of the main factors driving market growth are the increasing emphasis on safety solutions (the increasing number of accidents, consumers and governments have shown a strong interest in advanced safety features, and are committed to improving the performance of their vehicles. Security system, which in turn is expected to promote the development of the wiring harness market). The demand and use of hybrid and electric vehicles are increasing and the degree of electrification of vehicles is increasing. The increasing demand for high-speed data transmission by vehicle manufacturers has driven the Vehicle Wiring Harness market. In the past few years, R&D programs related to the development of autonomous vehicles have increased significantly. Due to the deployment of electronic systems in these cars, advanced Wiring Harness is increasingly used in autonomous vehicles. Self-driving cars use advanced automation systems that generate large amounts of data. Therefore, they need advanced high voltage Wiring Harness to ensure the best performance. Therefore, the more recent technological development and development of the automotive industry is one of the important driving factors of Vehicle Wiring Harness. On the other hand, the page provides the impetus for the continued innovation of Automotive Wiring Harness. Due to the increasing awareness of the environment, electric vehicles (EV) are widely adopted, thereby driving product demand. New energy electric vehicles still need wiring harnesses, and the focus is on high voltage wiring harnesses. This wiring harness needs to withstand a high voltage of about 600V. The connectors and wires selected must be resistant to high temperature, high voltage and waterproof. Electric vehicles require more electrical appliances, and there will be more demand and requirements for wiring harnesses.

Today, cars are made of aluminum alloy/carbon fiber to build the body, and all parts are also lightening. One of the effective ways to reduce the weight of the wiring harness is to reduce the size and weight of the connectors and relays. In the whole vehicle wiring harness, there are hundreds of wiring harness connectors. With the development of technology and the development and application of materials, the volume and weight of the wiring harness connectors are decreasing. The application of aluminum wire is also an important sign of lighter wire harness. Compared with copper, aluminum wires can reduce the total weight of the car body wiring harness by more than 30%, and for ordinary cars, it can reduce the weight of about 1.8 kg. The use of aluminum wires can effectively reduce the weight of the car, improve fuel economy and reduce carbon dioxide emissions. With the continuous improvement of the technical level, the ratio of using aluminum wires in the future will be greatly increased. Whether it is the development trend of lightweight or the application of other technologies, manufacturers can only maintain a competitive advantage in the market through continuous technological R&D and innovation, and transform the challenges they face into development opportunities.

To be mentioned, the profit growth rate of the automobile manufacturing industry has shown a trend that is lower than the revenue growth rate, and the profitability of enterprises has generally weakened, which has caused the pressure on marginal enterprises to increase sharply. As a result, a group of companies went bankrupt in 2018, and the pressure from the manufacturing side has been transmitted to all links. Therefore, the weakness of the downstream market has brought challenges to the demand side of the Automotive Wiring Harness market to a certain extent.

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