The global automotive wire harness market is anticipated to grow at a 5.8% CAGR during the forecast period 2021-2027. The rising demand for integration of developed electronic safety functions in automobiles, increased demand for HVAC in passenger cars, mounting demand for ADAS installations in vehicles, and growing consumer preference for automotive electrical components will fuel the growth of the market.

This market is likely to grow further by rising the increasing sale of electric vehicles, increased R&D efforts, and the growing demand for vehicle weight reduction along with increased demand for lighter and shorter wiring harnesses, as well as advancements in optical fiber, tiny fakra connections, and lightweight aluminum harnesses. Thus, automotive wire harnesses enable secure and reliable connections, and their use enhances the vehicle's fuel efficiency while also complying with current regulatory standards on fuel usage and emissions.

The COVID-19 pandemic has severely impacted the global supply chain in the automotive industry. This has resulted in a halt of vehicle production and the closing of country borders has affected the raw material and component supplies. This has adversely impacted the automotive wire harness market.

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Based on application, the chassis harness segment is anticipated to grow significantly owing to its increased application in components like headlamps, fuel flaps, turn indicators, fog lamps, and infotainment systems.

Asia-Pacific dominates the automotive wire harness market owing to the increasing production of vehicles in China, India, and Japan. China is the prime contributor in the global automotive wire harness market as it is the largest vehicle manufacturer. The increased electrification in conventional vehicles and surge in adoption of EVs along with government regulations will propel the growth in the region.

In July 2021, Furukawa Electric Co., Ltd. has created a thin ultra-high fiber count 6,912-fiber optical cable, as well as the S124M16 ribbon fusion splicer and related instruments. These innovative solutions can help expand high-capacity networks by reducing the time required for fusion splicing. The firm created the world's thinnest ultra-high-count multi-core optical fiber cable with the highest core density.

Optical fiber with a narrower outer diameter (200 m) is used to make the 12-core rollable ribbon. Extremely high density is provided by a significantly thinner wire with an outside diameter of only 29 mm (6912 cores). This advancement allows ultra-high count multi-core fiber to be installed in bulk in existing pipe conduits.

The prominent players in the automotive wire harness industry include Delphi Technologies PLC, Furukawa Electric Co., Ltd., Leoni AG, Lear Corporation, Nexans Autoelectric Gmbh, Sumitomo Electric Industries, Ltd., Spark Minda, Yura Corporation, Yazaki Corporation, and Samvardhana Motherson Group