Automotive Electric and Electronic Distribution Systems Market Trends and Analysis by Technology, Companies 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 1.12 billion units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. The requirement to reduce cost; cut emissions; and improve fuel economy are the main forces driving the 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 sectors; regions; countries; and top applicants.
Market Size (2023) | 1.12 billion units |
CAGR (2023-2028) | >2% |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Leading Players | Aptiv, Furukawa, Lear, Leoni, Sumitomo Wiring Systems, Yazaki, and Motherson Sumi systems (formerly PKC) |
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 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 (%)
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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 (%)
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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
- The report provides an overview of automotive industry scenario regarding the future outlook in terms of global trends, drivers, technologies and developments.
- The report also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Reasons to Buy
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
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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 1.12 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 2% 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, Furukawa, Aptiv, Lear, and Leoni, among others, are a few of the leading electric and electronic distribution systems market players.
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