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The development of automobile electrification & intelligence:Automotive wiring harness market demand continues to rise after 2022

WINGUD   2022-12-16 17:00:47   6
The development of automobile electrification & intelligence:Automotive wiring harness market demand continues to rise after 2022
 
Automotive wiring harness is a circuit assembly formed by punching contact terminals made of copper and wires and cables, and then plastic-pressed insulators or metal shells, and bundled with wiring harnesses. It mainly include high-voltage & high-speed wiring harnesses, which are used for vehicle electrification and vehicle intelligence respectively. Benefiting from the continuous innovation of automatic driving and new energy technology, the production and sales of new energy vehicles continue to rise, the automatic driving level is improved, the demand for automotive wiring harness applications has increased, and the industry is developing rapidly.
 
High-voltage wiring harness is the main carrier of the power output of electric vehicles, and one of the key components to ensure the safety and performance of vehicles, mainly to provide high-voltage and strong power for new energy vehicles. High-voltage power supply has high requirements for transmission wires, which needs to have mechanical, electrical, and shielding properties. The increase of pure electric vehicles has driven up the demand for high-voltage wires. It’s estimated that by 2025, the market of high-voltage wires in China will be 20 billion yuan, and the global market will be about 44 billion yuan.
According to the 2022-2026 China Automotive Wiring Harness Industry Development Prospects and Investment Risk Avoidance Suggestion Report, the development of China's automobile industry has entered the intelligent age, the demand for data transmission and the number of automotive sensors has increased, the demand for high-speed wires is higher. According to the current development trend of automobile intelligence, it’s estimated that the market of high-speed wiring harness will be more than 10 billion yuan by 2025.
The automotive wires industry has high customer and technical barriers. In terms of customers, car companies have a long screening cycle and strict standards, and cycle is usually more than 5 years; In terms of tech, the automotive wires industry has high requirements for the R&D & automation capabilities of enterprises.
In recent years, domestic enterprises have gradually developed towards high-end, intelligent, and electrified, and some wires have been replaced by domestic products. In the world, the automotive wires market is mainly occupied by South Korean, European, American and Japanese companies. Representative companies include Yazaki, Sumitomo Electric, Leoni, Aptiv, and Dexmir. As far as the domestic market is concerned, large independent brand car companies have supporting wire factories, such as Great Wall, BYD, etc, while foreign car companies have higher requirements for wires and mainly rely on imports.
Professionals said that automotive wiring harnesses can be divided into two major products, high-speed & high-voltage wiring harnesses with different application fields. At present, the new energy vehicles continue to rise, and electrification has become an inevitable development trend. As an important component of electric vehicles, high-voltage wiring harnesses have developed rapidly. On the other hand, with the improvement of artificial intelligence technology and automobile intelligence level, the requirements for data transmission have increased, so the demand for high-speed wiring harnesses has risen.

 

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