Automotive Wiring Harness Market Top Key Players – Sumitomo, Yazaki Corporation, Delphi, Furukawa Electric, Lear Corporation, Leoni AG, Motherson Sumi, BizLink Holding Inc

A wire harness is a set of wires, connectors and terminals organized throughout a vehicle that aids in the transmission of information and power. They play a very important role in connecting the various components. These wires are made of vinyl, rubber, or a combination of other materials.
As a car's ability to provide safety, comfort, luxury, etc. increases, its components also need electronics to help save a lot of space to meet the requirements.

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COVID19 IMPACT ON AUTOMOTIVE WIRING HARNESS MARKET

• COVID undoubtedly had a negative impact on global car production and reduced wire harness maker sales, but China showed a V-shaped recovery from April 2020. Comparison with 2019-1500 only.

• The US was down 1314% year-on-year, giving all wire harness manufacturers a great sense of relief.

• LEONI has also decided to sharply reduce production of wiring system equipment in Europe, North Africa and the United States, albeit temporarily. At the end of March 2020, Leoni had a significant additional impact on sales, revenue and liquidity.

• Q12021 Leoni's investment in wiring systems has not changed significantly. It remained at $14.8 million, the same as in the first quarter of 2020.

TECHNICAL TRENDS IN AUTOMOTIVE WIRING HARNESS MARKET

Almost 50% of the labor cost in a vehicle is accounted by wiring harnesses due to lack of automation in the field.Mainly two types of interfaces (software) are used by wire harness in vehicles till date.

• CAN (CONTROLLER AREA NETWORK): It mainly controls the communication between major components of vehicle such as door modules, weather control module, power seat modules etc.

• LIN (LOCAL INTRANET NETWORK) : It controls the other components of vehicle such as motor, heater, cooler etc.

• In the case of raw materials used in vehicles, the heavier the vehicle, the higher the fuel consumption and the shorter the battery life, so to reduce the total weight of the vehicle, steel or copper is aluminum and copper. I replaced it with the base alloy. Innovation and design of wire harnesses generally aim to reduce the metal content of the vehicle in order to reduce the total weight of the vehicle.

RECENT TREND IN THE MARKET

• In March 2021, Leoni sold its WCS (Wire & Cable Solutions) division to a buyer consortium led by Bruno Fankhauser and Helvetica Capital

• Lear, members of the Relocation Committee, to focus on the wiring systems business. California-based CelLink Corporation, a new dimension of planar and ductile circuit manufacturers.

• The Leoni is already loaded with an additional 30% weight in the vehicle, so more with cable manufacturers and car OEMs to find innovative solutions to reduce cable weight for new energy vehicles like BEVs. Announced that a lot of cooperation is needed.

COMPETITIVE LANDSCAPE

• TE Connectivity is one of the leading manufacturers in the automotive connector market, providing automotive OEMs with all special cable and network solutions to implement connectivity and autonomous driving capabilities. The R & D division plans to step up research to provide these new demands for next-generation cable technology.

• Fiscal 2020-21 sales of Fujikura closed at $ 6.1 billion, down 6% from overall sales. Automotive wiring products and other electronic products make up ~ 22% of the company's total sales.

• The Wiring Systems division generated $ 2.85 billion in connection sales and the Wire and Cable Solutions division received $ 1.82 billion in overall sales.

KEY PLAYERS IN AUTOMOTIVE WIRING HARNESS MARKET

• Sumitomo
• Yazaki Corporation
• Delphi
• Furukawa Electric
• Lear Corporation
• Leoni AG
• Motherson Sumi
• BizLink Holding Inc

Read More Information: https://mobilityforesights.com/product/automotive-wiring-harness-market/

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This release was published on openPR.