The India automotive wiring
harness market was valued at USD1518.96 million in 2022 and is forecast to grow
with a CAGR of 8.48% to reach USD2373.10 million by 2028. The total sales of
passenger cars in 2022 accounted for 3.07 million units, compared to 2.71
million-unit sales in 2021, registering an increase of 13.28%. The market for
passenger cars registered growth in 2021 owing to the growing preference of
people for travel convenience, comfort, availability of the latest technology
such as advanced driver assistance system (ADAS), etc. Nowadays, a significant
number of vehicles are coming up with advanced features such as tire pressure
monitoring systems, automatic speed limits, adaptive front lights, emergency
braking, etc. All these functions are monitored by the different types of
sensors, and these sensors work with the help of the vehicle’s wiring harness.
The increasing adoption of these advanced features is anticipated to drive the
sales of wiring harnesses in the forecast years, positively impacting the India
automotive wiring harness market.
Growing Use of Optical Fibers
The demand for optical fibers is
increasing in the automotive industry because optical fibers are used for
high-speed data transmission, and automakers are increasingly using optical
fibers in vehicle wiring systems. Owing to the performance advantages of optical
fibers, over the past few years, the use of optical fibers has increased
compared to copper wire and other wire materials for the wiring harness in the
vehicle, and the optical fibers are expected to have growing adoption in the
forecast years as well. Optical fibers are utilized in the working of the
sensors used in the automobiles, such as LIDAR, Radar, Ultrasonic, etc. The
majority of the vehicles present today use optical fiber, which helps the
wiring harness to work efficiently in a vehicle.
Adoption of Electric Vehicles
Rising levels of air pollution
caused by vehicle emissions have prompted governments around the world to adopt
hybrid and electric
vehicles. The
Indian government, as well as state-run administrations, are providing
incentives to automakers and is expanding their focus on the creation of
charging infrastructure, driving demand for electric vehicles and crossover
vehicles across the country. This has resulted in a surge in the acceptance of
electric and hybrid automobiles in India, which is boosting the automotive
wiring harness market. Additionally, hybrid and electric vehicles contain a
significant number of cables and wirings, contributing to the rising demand for
wiring harnesses in vehicles. Electric vehicles have more use of wires compared
to conventional fuel-based vehicles, and as a result of the growing interest in
electric and hybrid automobiles, the use of wiring harnesses is increasing in
the automotive industry, which is expected to drive sales of automotive wiring
harness market in India.
Growing Fleet Size
The growing vehicle fleet size for
the passenger
car is one
of the most important factors driving up demand for automotive wiring harnesses
in the aftermarket. According to the Society of Indian Automobile
Manufacturers, the total number of vehicle registrations in India in 2022 was
around 17.51 million units. The growing vehicle registrations are expanding the
fleet size of automobiles in the country, which is driving the demand for the
wiring harness from the aftermarket.
Advancement Towards
Next-Generation Mobility
Consumer preference for
technologically advanced vehicles has emerged as a prominent driving force for
the India automotive wire harnesses market, and it is projected to continue to
be one of the major demand generators for the market during the forecast period.
Consumer demand for advanced features in passenger automobiles, such as modern
infotainment systems, ADAS, Driving Monitoring System (DMS) Camera, etc., has
surged the demand for India automotive wiring harness market.
Vehicle Premiumization
One of the factors contributing to
the growth of the automotive wire harness market in the country is the growing
trend of vehicle premiumization among customers. The addition of features such
as active safety systems, head-up display, led lighting, heated front seats,
heated steering wheels, satellite navigation, and online connectivity, and
high-end infotainment systems, among others, necessitates the usage of
additional wire and bundling, resulting in a higher demand for automotive
wiring harnesses. Increasing desire for enhanced customer experience is
expected to increase the demand for vehicle premiumization, boosting the
automotive wire harness market in the future years.
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Market Segmentation
India automotive wiring harness
market is segmented based on vehicle type, component type, material type,
application, and region. Based on vehicle type, the market is further
bifurcated into passenger cars and commercial vehicles. The passenger car
segment accounted for a dominant market share of 82.40% in 2022, owing to the
colossal sales of passenger cars. Growing preference for the advanced features
in passenger cars equipped with automatic functions such as adaptive cruise
control, collision avoidance, park assistance, lane departure warning system,
and tire pressure monitoring system is further driving the market of India
passenger car automotive wiring harness in the forthcoming years. By including
all these functions in a car, the adoption of wiring harnesses has increased as
the components used work under the wiring harness. Further, based on component
type, the market is classified into the automotive wires, automotive
connectors, and automotive terminals, and on the basis of material type, the
market is segmented into optical wiring, copper wiring, aluminum wiring,
others, and based on application, the market is divided into chassis harness,
engine harness, body harness, speed sensor harness, others.
Company Profiles
Lear Automotive India Private
Limited, Aptiv Components India Private Limited, Leoni Cable Solutions India
Private Limited, Fujikura Automotive India Private Limited, Viney Corporation
Private Limited, Dhoot Transmission Pvt. Ltd, Samvardhana Motherson Group,
Spark Minda, Yazaki India Private Ltd., SEI Trading India Private Limited are
the major players in the India automotive wiring harness market.
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Attribute
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Details
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Market Size Value in 2022
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USD1,518.96 Million
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Revenue Forecast in 2028
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USD2,373.10 Million
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Growth Rate
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8.48%
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Base Year
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2022
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Historical Years
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2023 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Million Units, and CAGR for
2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments Covered
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·
By Vehicle Type
·
By Component Type
·
By Material Type
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By Application
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By Region
·
By Company
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Region Scope
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North Region, West Region, South Region, East Region
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Key Companies Profiled
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Lear Automotive India Private Limited, Aptiv Components India
Private Limited, Leoni Cable Solutions India Private Limited, Fujikura
Automotive India Private Limited, Viney Corporation Private Limited, Dhoot
Transmission Pvt. Ltd, Samvardhana Motherson Group, Spark Minda, Yazaki India
Private Ltd., SEI Trading India Private Limited
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
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Report Scope:
In this report, India automotive
wiring harness market have been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- India Automotive Wiring Harness Market, By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- India Automotive Wiring Harness Market, By Component Type:
- Automotive Wires
- Automotive Connectors
- Automotive Terminals
- India Automotive
Wiring Harness Market, By Material Type:
- Copper Wiring
- Aluminum Wiring
- Optical Wiring
- Others (Polyurethane,
Polyethylene, PVC, etc.)
·
India Automotive Wiring
Harness Market, By Application:
o
Body
Harness
o
Engine
Harness
o
Speed
Sensor Harness
o
Chassis
Harness
- Others (HVAC, Dashboard, etc.)
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India automotive wiring harness
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).