India Automotive Wiring Harness Market size
Download Sample Ask for Discount Request Customization
The Indian automotive wiring harness market stood at USD1518.96 million in 2022 and is anticipated to expand with a CAGR of 8.48% to USD2373.10 million by 2028. Passenger car sales of 3.07 million units in 2022 represented an increase of 13.28% from the 2.71 million-unit sales in 2021.
The passenger car market recorded growth in 2021 due to the increasing preference of individuals towards travel ease, comfort, features like the latest technology like advanced driver assistance system (ADAS), etc. These days, a large number of cars are introducing sophisticated features like tire pressure monitoring systems, automatic speed limit, adaptive front light, emergency braking, etc. All these operations are controlled by the various types of sensors, and these sensors operate with the assistance of the vehicle's wiring harness. The rising use of these sophisticated features is expected to propel the sales of wiring harnesses in the forecast period, which will have a positive impact on the India automotive wiring harness market.
Increasing Utilization of Optical Fibers
The use of optical fibers is growing in the automobile sector since optical fibers are utilized for the transmission of data at high speed, and vehicle wiring systems use more and more optical fibers supplied by automakers. Due to the performance benefits of optical fibers, in recent years, the application of optical fibers has been on the rise relative to copper wire and other wire materials for wiring harness in the vehicle, and the optical fibers are likely to have increasing usage in the forecast period 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.
Advancement Towards Next-Generation Mobility
Consumer demand for technologically superior vehicles has been a leading driver for the India automotive wire harnesses market, and it is expected to remain one of the key demand drivers for the market through the forecast period. Consumer demand for high-end features in passenger vehicles, including advanced infotainment systems, ADAS, Driving Monitoring System (DMS) Camera, etc., has increased the demand for India automotive wiring harness market.
Vehicle Premiumization
The vehicle premiumization trend among customers is one of the drivers of the growth of the automotive wire harness market in the country. The inclusion of features like active safety systems, head-up display, led lighting, heated front seats, heated steering wheels, satellite navigation, and online connectivity, and premium infotainment systems, among others, requires the use of more wire and bundling, which translates to increased demand for automotive wiring harnesses. Growing demand for improved customer experience will likely push the demand for vehicle premiumization, which will drive the automotive wire harness market in the coming years.
Market Segmentation
Download Sample Ask for Discount Request Customization
India automotive wiring harness market is divided into vehicle type, component type, material type, application, and region. Depending on the vehicle type, the market is further divided into passenger cars and commercial vehicles. The passenger car market had a predominant market share of 82.40% in 2022 due to the huge sales of passenger cars. Increased demand for the sophisticated features in passenger cars that have automatic functions like adaptive cruise control, collision avoidance, park assist, lane departure warning system, and tire pressure monitoring system is further pushing the market of India passenger car automotive wiring harness in the next few years. By incorporating all these functions in an automobile, the use of wiring harnesses has gone up since the components employed function under the wiring harness. In addition, on the basis of type of component, the market is divided into 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 on the basis of application, the market is segmented into chassis harness, engine harness, body harness, speed sensor harness, others.
Key players
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,
Spark Minda,
Company Profiles
|
Attribute |
Details |
|
Market Size Value in 2022 |
USD1,518.96 Million |
|
Revenue Forecast in 2028 |
USD2,373.10 Million |
|
Growth Rate |
8.48% |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2023 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Million Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
· By Vehicle Type · By Component Type · By Material Type · By Application · By Region ·  By Company |
|
Region Scope |
North Region, West Region, South Region, East Region |
|
Key Companies Profiled |
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 |
|
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy