Automotive Electric and Electronic Distribution Systems Market Trends, Sector Overview and Forecast to 2028

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Published: March 29, 2024 Report Code: GDAUS150324-ST

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The size of the global electric and electronic distribution market was at 1.17 bn units in 2023, recording a substantial annual growth of 10.7%. The sector posted a negative CAGR of 0.4% during 2018–23, primarily owing to the prolonged impact of COVID-19.​ Over the forecast period, the sector is expected to record a CAGR of 1.7% to reach 1.27 bn units by 2028

This report brings together multiple data sources to provide a comprehensive overview of the global Electric and Electronic Distribution Systems sector. It includes analysis on the following –

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.

Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018–2028, and spot estimates for 2023 and 2028. The analysis also covers regional overview across four regions-Asia-Pacific, Europe, North America, and South America and MEA-highlighting sector size, and growth drivers for the region.

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries and top applicants.

Automotive Electric and Electronic Distribution Systems Market Drivers

The key drivers shaping the automotive electric and electronic distribution systems industry are the rise in demand for electronic devices, EVs, and embedded wiring harnesses in vehicles. Furthermore, increasing investment in R&D is significantly contributing to the market growth.

Rise in Demand for Electronic Devices, EVs, and Embedded Wiring Harnesses in the Vehicle: The rise in demand for electronic devices is one of the key reasons propelling the automotive wiring harness market growth. Embedding the wiring harness in a vehicle provides various benefits such as the low probability of electrical scarcity, improved fuel efficacy, and enhanced performance. Moreover, employing the installation of infotainment systems and advanced driver assistance systems is expected to propel the market growth.

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Automotive Electric and Electronic Distribution Systems Market Segmentation by Regions

In 2023, Asia-Pacific accounted for the highest share among all the regions

The key regions in the electric and electronic distribution systems market are Asia-Pacific, Europe, North America, South America, and MEA. The wiring harness industry in APAC was undergoing technological advancements. Miniaturization of components and the integration of advanced materials are trends that are expected to continue.

Automotive Electric and Electronic Distribution Systems Market Analysis by Regions, 2023 (%)

Automotive Electric and Electronic Distribution Systems Market Analysis by Regions, 2023 (%)

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Automotive Electric and Electronic Distribution Systems Market - Competitive Landscape

Yazaki accounted for the highest market share in 2021

A few of the top companies operating in the market are:

  • Aptiv
  • Furukawa
  • Lear
  • Leoni
  • Sumitomo Wiring Systems
  • Yazaki
  • Motherson Sumi systems (formerly PKC)

Yazaki has worked with Toyota to develop the world’s first wiring harness recycling system.

In July 2021, Yazaki India Pvt Ltd under Yazaki Corporation Japan put across its wish to set up a wire harnessing unit in Manipur. This initiation will help in generating employment for around 1500-2000 youths in the state. Yazaki India is a company that produces zero pollution and is eager to start a manufacturing plant in Manipur.

Automotive Electric and Electronic Distribution Systems Market Analysis by Companies, 2021 (%)

Automotive Electric and Electronic Distribution Systems Market Analysis by Companies, 2021 (%)

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Automotive Electric and Electronic Distribution Systems Market Segmentation by Sectors

The primary sector in the automotive electric and electronic distribution systems market is the wiring harness category. To improve the sensitivity of electrical and electronic components, the manufacturers are investing a lot in the research and development of wiring harnesses.

Automotive Electric and Electronic Distribution Systems Market – Latest Developments

A few of the latest developments in the Automotive Electric and Electronic Distribution Systems market are as follows:

  • On 23rd March 2023 Toshiba develops tech to reduce wiring in vehicle harnesses. Toshiba claims the new standard reduces wiring within vehicle harnesses – saving cost, weight, and space.
  • In 2022, in Serbia, Motherson opens a new wiring harness facility. Serbia will house Motherson’s third factory, which will produce wiring harnesses for Daimler trucks. The cutting-edge facility will support the wiring harness division’s global expansion goal.

Segments Covered in the Report

Automotive Electric and Electronic Distribution Systems Sector Outlook (Value, Million Units, 2018-2028)

  • Wiring Harness Category

Automotive Electric and Electronic Distribution Systems Regional Outlook (Value, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global electric and electronic distribution systems sector. It includes an analysis of the following: ​

Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector. ​

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.​

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.​

Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.​

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies' recent product innovations and key strategic initiatives.​

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.

Reasons to Buy

Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.

Yazaki
Sumitomo Wiring Systems
Aptiv
Lear Corp
Leoni.

Table of Contents

Executive Summary

Part 1: Main Trends and Drivers

Trends

Drivers

Part 2: Technologies and Developments

Part 3: PESTER Analysis

Part 4: Sector Forecast

electric and electronic distribution systems – Global Volumes

Asia-Pacific Market Growth Analysis

European Market Growth Analysis

North American Market Growth Analysis

South America Market Growth Analysis

MEA Market Growth Analysis

Part 5: Latest Developments

Part 6: Key Companies

Part 7: Patent Analysis

Part 8: Appendix

Table

List of Tables

Table 1: Market volumes of wiring harnesses fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 2: Global manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2021, % of volume

Table 3: European manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2021, % of volume

Table 4: Japanese manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2021, % of volume

Table 5: North American manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2021, % of volume

Figures

List of Tables

Table 1: Market volumes of wiring harnesses fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 2: Global manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2020, % of volume

Table 3: European manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2020, % of volume

Table 4: Japanese manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2020, % of volume

Table 5: North American manufacturer market shares of wire harnesses for passenger cars and light vehicles, 2010-2020, % of volume

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