What is Global Low-voltage Harness Market?
The Global Low-voltage Harness Market refers to the industry that produces and supplies low-voltage wiring systems used in various applications, primarily in the automotive sector. These harnesses are essential for connecting electrical components within vehicles, ensuring that power and signals are efficiently transmitted. Low-voltage harnesses are typically used for systems that operate at voltages below 60 volts, making them suitable for a wide range of automotive applications, including lighting, infotainment, and safety systems. The market for these harnesses is driven by the increasing complexity of modern vehicles, which require more sophisticated electrical systems to support advanced features and technologies. As a result, the demand for low-voltage harnesses is expected to grow steadily, driven by the ongoing advancements in automotive technology and the increasing adoption of electric and hybrid vehicles.
Main, Cockpit, Auxiliaries, ICE harness, E-motor Harness, Others in the Global Low-voltage Harness Market:
In the Global Low-voltage Harness Market, various types of harnesses are used to cater to different parts and functions of a vehicle. The main harness is the primary wiring system that connects the major electrical components of the vehicle, such as the engine, transmission, and main control units. This harness is crucial for the overall functioning of the vehicle, as it ensures that power and signals are efficiently distributed to the essential systems. The cockpit harness, on the other hand, is specifically designed for the interior of the vehicle, connecting components such as the dashboard, infotainment system, and climate control. This harness plays a vital role in ensuring that the driver and passengers have access to all the necessary controls and information. The auxiliaries harness is used for additional systems that are not part of the main or cockpit harnesses, such as lighting, sensors, and other peripheral devices. This harness ensures that these systems are properly connected and functioning. The ICE (Internal Combustion Engine) harness is specifically designed for vehicles with traditional internal combustion engines, connecting components such as the fuel injection system, ignition system, and engine control unit. This harness is essential for the proper functioning of the engine and its related systems. The E-motor harness, on the other hand, is designed for electric vehicles, connecting components such as the electric motor, battery management system, and charging system. This harness is crucial for the efficient operation of electric vehicles, ensuring that power is properly distributed and managed. Finally, there are other specialized harnesses used for specific applications, such as safety systems, advanced driver assistance systems (ADAS), and connectivity features. These harnesses are designed to meet the unique requirements of these systems, ensuring that they function reliably and efficiently.
Passenger Car, Commercial Car in the Global Low-voltage Harness Market:
The Global Low-voltage Harness Market plays a significant role in the automotive industry, particularly in the areas of passenger cars and commercial vehicles. In passenger cars, low-voltage harnesses are used to connect various electrical components, ensuring that the vehicle's systems function properly. These harnesses are essential for the operation of the vehicle's lighting, infotainment, climate control, and safety systems. As modern passenger cars become more advanced, with features such as advanced driver assistance systems (ADAS), connectivity, and electric powertrains, the demand for sophisticated low-voltage harnesses continues to grow. These harnesses must be designed to handle the increased complexity and higher power requirements of these advanced systems, ensuring that they function reliably and efficiently. In commercial vehicles, low-voltage harnesses are used for similar purposes, connecting the various electrical components and systems within the vehicle. However, commercial vehicles often have additional requirements, such as more robust and durable harnesses to withstand the harsher operating conditions and higher usage levels. These harnesses must be designed to handle the increased power demands and ensure the reliable operation of the vehicle's systems, such as lighting, communication, and safety features. Additionally, commercial vehicles often have specialized systems, such as telematics and fleet management, which require dedicated harnesses to ensure proper connectivity and functionality. As the commercial vehicle industry continues to evolve, with increasing adoption of electric and hybrid powertrains, the demand for advanced low-voltage harnesses is expected to grow. These harnesses must be designed to handle the unique requirements of electric and hybrid vehicles, ensuring that power is efficiently distributed and managed. Overall, the Global Low-voltage Harness Market is essential for the proper functioning of both passenger cars and commercial vehicles, supporting the ongoing advancements in automotive technology and the increasing adoption of electric and hybrid powertrains.
Global Low-voltage Harness Market Outlook:
The global Low-voltage Harness market was valued at US$ 14,510 million in 2023 and is anticipated to reach US$ 21,880 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030. This growth is driven by the increasing complexity of modern vehicles, which require more sophisticated electrical systems to support advanced features and technologies. As a result, the demand for low-voltage harnesses is expected to grow steadily, driven by the ongoing advancements in automotive technology and the increasing adoption of electric and hybrid vehicles. The market outlook for the Global Low-voltage Harness Market is positive, with significant growth expected over the forecast period. This growth is driven by the increasing complexity of modern vehicles, which require more sophisticated electrical systems to support advanced features and technologies. As a result, the demand for low-voltage harnesses is expected to grow steadily, driven by the ongoing advancements in automotive technology and the increasing adoption of electric and hybrid vehicles. The market outlook for the Global Low-voltage Harness Market is positive, with significant growth expected over the forecast period.
| Report Metric | Details |
| Report Name | Low-voltage Harness Market |
| Accounted market size in 2023 | US$ 14510 million |
| Forecasted market size in 2030 | US$ 21880 million |
| CAGR | 6.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Delphi, Yazaki, Sumitomo Electric, Amberford, LEONI, Lear, TE Connectivity, PKC Group, Korea Electric Terminal, Nexans Autoelectric, Furukawa Electric, Fujikura, THB Group, Wuhu Bokang Electrical, Yingkou Abe Harness, Liuzhou Shuangfei, Kunshan Huguang Auto Harness, henzhen Uniconn Technology, Shanghai Jinting Automobile Harness |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
