According to Bis Research, the global wiring harnesses and connectors for electric vehicle market is expected to reach $22.87 billion by 2031, with a CAGR of 23.37% during the forecast period 2021-2031. According to recent studies, the rapid advancement in the field of electric vehicles is favoring the increased demand for wiring harnesses and connectors. Electric vehicles use almost double the number of wires when compared to a traditional ICE vehicle. Therefore, the weight of wiring in electric vehicles increases.

Market Segmentation:
Global Wiring Harnesses and Connectors for Electric Vehicles Market by Vehicle Type
Passenger electric vehicles segment is expected to dominate the market throughout the forecast period. It can be directly attributed to the larger number of passenger vehicles when compared to commercial vehicles currently. However, it is to be noted that commercial vehicles use more wiring harnesses and connectors owing to their larger sizes and complex functions. It will also grow at a faster rate over time as commercial electric vehicles are readily being introduced in the EV domain.
Global Wiring Harnesses and Connectors for Electric Vehicles Market by Application
Body harness occupied the largest share in the market in 2020. The wiring harness used in this system performs various important in electric vehicles, and therefore, has the most value and volume in the market currently. Nevertheless, high voltage battery harness shows a significant increase during the forecast period due to the growing adoption of electric vehicles.
Global Wiring Harnesses and Connectors for Electric Vehicles Market by Material Type
Electric vehicles use double the amount of copper which is usually required by ICE vehicles. Moreover, all the wires in vehicles are constructed using copper owing to its excellent conductivity and mechanical strength; however, aluminum is emerging as the favorite material for electric vehicle OEMs in order for them to reduce the weight of their vehicles. However, copper will be dominating the market throughout the forecast period.
Global Wiring Harnesses and Connectors for Electric Vehicles Market by Region
China is expected to be the largest market for wiring harnesses and connectors for electric vehicles in 2031, in addition to being the 2nd largest market for wiring harness and connectors for electric vehiclesafter Asia-Pacific and Japan. The electric vehicle market in China was the largest in terms of volume in 2020 and is expected to increase exponentially. Therefore, the use of wiring harnesses in China is also increasing.
Key Market Players and Competition Synopsis
Sumitomo Electric Industries, Ltd., Leoni AG, Aptiv PLC, Fujikura Ltd., Kromberg & Schubert GmbH, Coroplast Group, SINBON Electronics Co., Ltd., Korea Electric Terminal Co., Ltd., EG Electronics, LS Cable & System Ltd., TE Connectivity, ACOME, Gebauer & Griller, Continental AG, Lear Corporation
The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the wiring harnesses and connectors for electric vehicles market.
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Key Questions Answered in the Report:
• For a new company looking to enter the wiring harnesses and connectors for EVs market, which areas could it focus upon to stay ahead of the competition?
• How do the existing market players function to improve their market positioning?
• Which are the promising companies that have obtained financial support to develop their products and markets?
• How does the supply chain function in the global wiring harnesses and connectors for electric vehicles market?
• Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2019-2021?
• Which product segment is expected to witness the maximum demand growth in the global wiring harnesses and connectors for electric vehicles market during 2021-2031?
• Which are the players that are catering to the demand for different wiring harnesses and connectors?
• How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
• What are the key offerings of the prominent companies in the market for wiring harnesses and connectors for electric vehicles?
• What are the demand patterns of wiring harnesses and connectors across the application areas in different regions and countries during the period 2021-2031?

Product/Innovation Strategy: The product segment helps the readers in understanding the different types of wiring harnesses used in electric vehicles. Also, the study provides the readers with a detailed understanding of the wiring harnesses and connectors for electric vehicles market by application and product.
Growth/Marketing Strategy: In order to improve the capabilities of their product offerings, players in the wiring harnesses and connectors for electric vehicles market are developing unique products. The readers will be able to comprehend the revenue-generating tactics used by players in the wiring harnesses and connectors for electric vehicles market by looking at the growth/marketing strategies. Other market participants' tactics, such as go-to-market plans, will also assist readers in making strategic judgments.

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