自動車用ワイヤー業界の力強い成長見通し
The automotive wire market is expected to grow robustly to US$31.85 billion by 2024 and is on a significant expansion trajectory, projected to grow from US$33.6 billion in 2025 to US$46.64 billion by 2032. This growth represents a compound annual growth rate (CAGR) of 5.7%, as detailed in a comprehensive new report published by Semiconductor Insight. The research highlights the fundamental role these critical components play in ensuring the reliability, safety, and performance of modern vehicles, especially as the automotive industry accelerates its transition to electrification and connectivity.
Automotive electrical cables are the critical arteries of a vehicle's electrical system, transmitting power and data to nearly every electronic component. Their importance is even greater in today's automotive industry, where features such as advanced driver assistance systems (ADAS), advanced infotainment units, and electric powertrains are becoming standard. As more and more electronics are incorporated into each vehicle, the demand for more complex and high-performance wiring harnesses is also increasing, making this market a key barometer of the health and direction of the global automotive industry. As vehicles evolve into advanced electronic platforms, the requirements placed on automotive electrical cables in terms of data transmission speed, power handling capability, durability, and light weight are becoming increasingly stringent, driving continuous innovation in this field.
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Vehicle Electrification and Connectivity: Key Growth Engines
The report cites the global drive toward vehicle electrification and autonomous driving as the primary driver of demand for automotive electrical cables. The trend toward electrification, in particular, is transformative. While traditional internal combustion engine vehicles have an average cable length of 1,500 to 2,000 meters, modern electric vehicles (EVs) and hybrid electric vehicles (HEVs) have much longer cable lengths, sometimes exceeding 5,000 meters. This dramatic increase is driven by the need for high-voltage cables for powertrains and battery systems, complex data networks for battery management systems (BMS), and an increasing set of electronic functions. Furthermore, the connected and autonomous vehicle market requires rugged data transmission cables, such as high-speed coaxial cables and fiber optics, to facilitate the massive data exchange required for sensors, cameras, and vehicle-to-everything (V2X) communications.
"The concentration of automotive manufacturing in the Asia-Pacific region, which accounts for more than half of the world's automotive electrical wire consumption, and the rapid adoption of electric vehicles are key factors driving market momentum," the report states. With global investment in EV production and infrastructure exceeding hundreds of billions of dollars and stringent emissions regulations being implemented in countries around the world, demand for advanced, lightweight, and high-performance wiring solutions is expected to grow. The industry is particularly focused on developing electrical wires that can withstand high temperatures in EV applications, reduce total vehicle weight to extend driving range, and support gigabit-speed data transmission for autonomous driving functions.
Read the full report: https://semiconductorinsight.com/report/automotive-wire-market/
Market segmentation: Copper core and body applications dominate
The report provides a detailed segmentation analysis, clearly illustrating the market structure and key growth segments, illustrating the diverse applications and demand for materials in the automotive sector.
Segment Analysis:
By type
- Cooper Core
- Aluminum Core
- others
By Application
- body
- chassis
- engine
- Air conditioning equipment
- Speed sensor
- other
By end user
- OEM (Original Equipment Manufacturer)
- Aftermarket
- Special vehicle manufacturer
By vehicle type
- passenger cars
- commercial vehicle
- Electric vehicles (EVs)
By insulation material
- Polyvinyl chloride (PVC)
- Cross-linked polyethylene (XLPE)
- Fluoropolymers (e.g., PTFE)
Competitive Landscape: Key Players and Strategic Focus
The global automotive wire and cable market is highly consolidated, dominated by a select group of large multinational corporations. Five companies—Yazaki Corporation, Sumitomo Electric Industries, Delphi (now part of Aptiv), Leoni, and Lear—hold a significant share of the global market, estimated at approximately 70%. This concentration is driven by the capital-intensive nature of production, strict automotive quality standards, and the need for a global supply network to serve major OEMs worldwide. These leading companies have built strong, long-term relationships with automakers to provide comprehensive wiring harness systems integrating thousands of individual wires. Their competitive strategies rely heavily on continuous material innovation for weight reduction and high-temperature resistance, automation of manufacturing to control costs, and a strategic geographic presence near major automotive production centers, particularly China, the largest single market.
Beyond the top tier, many leading companies compete by focusing on technological niches, regional strengths, and specialized applications. Furukawa Electric and Fujikura are major competitors with strong technological capabilities in advanced materials. Regional leaders such as China-based Yura, Beijing Force, and Shanghai Shenglong have captured significant market share in the Asia-Pacific region, benefiting from the country's large local automotive industry. Other prominent players, such as Coficab, PKC Group (acquired by Motherson Sumi Systems), Kyungshin, Coroplast, and General Cable, compete effectively by specializing in specific vehicle segments, offering cost-competitive solutions, or focusing on aftermarket sales. This second tier ensures a dynamic competitive environment, fosters innovation, and provides options for automakers seeking to diversify their supply chains.
List of major automotive wire manufacturers
- Yazaki
- Sumitomo Electric Industries, Ltd.
- Delphi Technologies (Aptiv)
- LEONI AG
- Lear Corporation
- Yura Corporation
- Furukawa Electric Co., Ltd.
- Coficab Group
- PKC Group (Motherson Sumi Systems)
- Kyungshin Corporation
- Beijing Force
- Fujikura Ltd.
- Coroplast Fritz Müller GmbH & Co. KG
- General Cable Technologies Corporation
- Shanghai Shenglong
These companies are focusing on advances in materials science, such as developing thinner, lighter and more heat-resistant electrical wires, and expanding their manufacturing footprints in fast-growing regions such as Asia Pacific and Eastern Europe to take advantage of the changing geography of automotive production.
New opportunities in high voltage systems and lightweighting
In addition to overall trends, the report outlines significant new opportunities driven by specific technology needs. The transition to 800-volt and higher vehicle architectures in the electric vehicle sector represents a major growth frontier, requiring an entirely new class of high-voltage wiring with superior insulation and electromagnetic shielding. At the same time, the relentless pursuit of lightweighting across the industry is driving the adoption of lightweight materials such as aluminum core wires instead of heavy copper, directly contributing to improved fuel economy and longer EV ranges. Furthermore, the integration of advanced data architectures such as automotive Ethernet is driving demand for specialized cables capable of handling the high bandwidth with minimal signal loss, essential for the real-time data processing required for autonomous driving systems.
Report Scope and Availability
This market research report provides a comprehensive global and regional analysis of the automotive wire market from 2025 to 2032. It provides detailed segmentation, market size forecasts, competitive intelligence, technology trends, and an assessment of key market trends, including the impact of fluctuations in raw material prices and evolving regulatory standards.
For a detailed analysis of market drivers, restraints, opportunities, and competitive strategies of key players, read the complete report.
Read the full report here:
Automotive Wire Market, Global Business Strategies 2025-2032 - View in Detailed Research Report
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