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Electric Vehicle Wiring Harness System Market - Trends and Drivers by Technavio
[March 10, 2017]

Electric Vehicle Wiring Harness System Market - Trends and Drivers by Technavio

Technavio's latest report on the global electric vehicle wiring harness system (EVWHS) market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Technavio has published a new report on the global electric vehicle wiring harness system market fro ...

Technavio has published a new report on the global electric vehicle wiring harness system market from 2017-2021. (Graphic: Business Wire)

Neelam Barua, a lead analyst from Technavio, specializing in research on automotive electronics sector says, "The main factor that propels the growth of the global EVWHS market is the increased adoption of EVs and the growing number of models available in the market. With the increase in electronic content in vehicles, OEMs are designing compact and lightweight wiring systems that occupy less space and connect every component."

The global EVWHS market was valued at USD 1.66 billion in 2016, and it is expected to reach USD 10.96 billion by 2021, growing at a staggering CAGR of nearly 46%. Many players cater to the global EVWHS market. However, the top four players control close to 70% of the market. Apart from that, Japanese manufacturers account for almost 60% of the global production of EVWHS. However, the market share of Japanese players has been decreasing over the last few years owing to depreciating Japanese Yen compared to US dollar and reducing copper prices.

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The top three emerging trends driving the global EVWHS market according to Technavio research analysts are:

Growing demand for connected EVs

70% of the EVs content are electric/electronic systems, which require high-speed communication between the systems. This is owing to the electrification of powertrain and addition of more safety features.

"Thus, traditional wiring harnesses and connectors are unable to support the bandwidth requirements owing to high-speed data transmission. This has led to the induction of ethernet in automobiles, which reduces the complexity of wiring harness assemblies," according to Neelam.

Smart materials to shape the future of WHS

The University of Southampton has implemented a project that can achieve a data transmission at 99.7% the speed of light resulting in a data transfer rate of 73.7 terabits per second. It uses a photonic-bandgap rim in which the fibers are hollow while still having the capability to bend light by total internal reflection. Thus, the total loss will be limited to 3.5 dB per 1,000 m.

The future of wiring harness is not only confined to optical fibers, carbon nanotubes conduct electricity like a metal and have strength comparable to carbon fibers and the flexibility of a textile fiber. Hence, they can be used as substitutes for metals across many industries like aerospace and automotive.

3D printing of automotive wiring harnesses

3D printing is an additive manufacturing technique where an object is created by depositing materials layer after layer. It uses either a computer-aided design program or 3D scanning as its input.

Companies like Delphi (News - Alert), Molex, and TE Connectivity have started using 3D printing for prototype development and designing. The future will witness wide-scale adoption of 3D printing for the manufacture of wiring harnesses owing to shortening design cycles and faster production requirements.

The key vendors are as follows:

  • Delphi
  • Sumitomo Electric Wiring Systems
  • TE Connectivity (News - Alert)

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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