Automotive Electric and Electronic Distribution Systems Market Trends, Sector Overview and Forecast to 2028
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Automotive Electric and Electronic Distribution Systems Market Report Overview
The automotive electric and electronic distribution systems market size was 1.17 billion units, recording a substantial annual growth in 2023. The market will grow at a CAGR of more than 1% during 2023-2028. Increasing investment in R&D is driving the electric and electronic distribution systems market growth. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Electric and Electronic Distribution Systems Market Outlook, 2023-2028 (Billion Units)
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The automotive electric and electronic distribution systems market report provides a comprehensive overview of the market trends and drivers. The automotive electric and electronic distribution systems report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, it helps evaluate strategic initiatives by market players and their recent product innovations. The report also provides an overview of patent filings across; regions; countries; and top applicants.
Market Size (2023) | 1.17 billion units |
CAGR (2023-2028) | >1% |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Leading Players | Yazaki, Sumitomo Wiring Systems, Aptiv, Leoni Group, and Lear Corp |
Key Sectors | Wiring Harness Category |
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Automotive Electric and Electronic Distribution Systems Market Drivers
The key drivers shaping the automotive electric and electronic distribution systems industry are the growing 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 Vehicles: The continuous rise in demand for electronic devices is one of the key reasons that is propelling the overall growth of the automotive wiring harness market. Embedding the wiring harness in a vehicle provides various benefits such as the low probability of electrical scarcity, improved fuel efficacy, and enhanced performance.
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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 in the electric and electronic distribution systems market
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 the APAC region was undergoing technological advancements, with a focus on reducing weight, improving durability, and enhancing electrical efficiency. Miniaturization of components and the integration of advanced materials were trends that were expected to continue.
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 2022
A few of the top companies operating in the market are:
- Yazaki
- Sumitomo Wiring Systems
- Aptiv
- Leoni Group
- Lear Corp
Yazaki: Yazaki has worked with Toyota to develop the wiring harness recycling system. The global mineable copper supplies will be depleted 40 years from now, so Toyota worked with the supplier as well as others to make the recycling of copper possible.
In October 2023, The governments of the U.S. and Mexico resolved a labor complaint under a regional trade deal, related to a Grupo Yazaki auto parts factory located in the central Mexican state of Guanajuato. As per the agreement reached, Grupo Yazaki, a subsidiary of Japan’s Yazaki Corp., will release a statement of neutrality, while the Mexican government will ensure that workers, union representatives, and management receive adequate training about labor rights. The statement was issued by the U.S. Trade Representative’s (USTR) office on Wednesday.
Automotive Electric and Electronic Distribution Systems Market Analysis by Companies, 2022 (%)
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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. Growing preference for private cars is driving the demand for the wiring harness category in the automotive industry. Improved economic conditions and a rise in disposable income levels are driving the trend.
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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:
- In 2023, UAE’s wiring harness facility was opened by Samvardhana Motherson. Samvardhana Motherson International Ltd., a manufacturer of auto components, has established a new wiring harness facility in the United Arab Emirates (UAE), with plans to export to markets in Europe.
- In 2023, Two C-Class models were recalled by Mercedes due to a wiring harness issue. Mercedes is recalling 9,730 vehicles in total due to two separate problems with two different C-Class models. Both issues relate to wiring harnesses and have the potential to render the cars in question non-operational.
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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.
Table of Contents
Frequently asked questions
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What was the automotive electric and electronic distribution systems market size in 2023?
The automotive electric and electronic distribution systems market size was estimated at 1.17 billion units in 2023.
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What will be the CAGR in the automotive electric and electronic distribution systems market during 2023-2028?
The automotive electric and electronic distribution systems market is to grow at a CAGR of more than 1% during 2023-2028.
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Which region had the highest automotive electric and electronic distribution systems market share in 2023?
Asia-Pacific had the highest automotive electric and electronic distribution systems market share in 2023.
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Who are the leading automotive electric and electronic distribution systems market players?
Yazaki, Sumitomo Wiring Systems, Aptiv, Leoni Group, and Lear Corp, are a few of the leading electric and electronic distribution systems market players.
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