The automotive industry is experiencing rising adoption of electric vehicles due to changing consumer preferences, rising concerns with regard to driver safety, environmental concerns, and acute government regulations and policies. Major original equipment manufacturers (OEMs) are constantly working on development for making electric vehicles more safe, affordable, and efficient. Over time, the automotive industry is evolving, and technical advancements are being made for electric vehicle accessories such as battery systems, cooling systems, wiring harness systems, and other infrastructure. Wiring harnesses remain to be one of the most crucial components of any vehicle as they comprise one of the heaviest and most expensive parts of the vehicle. In addition to this, these are usually customized based on a car’s model and its requirements; the cable system is tailor-made to optimize the vehicular model as much as possible.
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The wiring system is usually divided into high voltage electric wire harnesses and low voltage electric wire harnesses. The high voltage harness is used for the battery connections as they require additional expensive high-voltage lines for AC-DC charging, high-voltage batteries, and traction, as well as special wiring for the main battery and the battery management system. The low voltage harnesses are usually used in the sensory framework of the car and doors. These low voltage harnesses also make up the dashboard and infotainment system of the vehicle.
There is a big difference between the wiring harnesses served in normal internal combustion engine (ICE) vehicles and electric vehicles. The EVs require more amount of wiring as the number of PCBs and circuits greatly increases. The sensors are also more in number and thus, require more wiring. There is less need for high voltage cabling in traditional ICE vehicles that is almost unmatched by its need in EVs. The high voltage cabling is absolutely essential owing to the battery system of EVs.
There are a number of advancements being made in the field of wiring harnesses in vehicles, their framework, placement, and the type of material being used in the wires. With increasing sensor complexity, the wiring Is getting more central, with the battery as a powerhouse at the core of the vehicle. Significant changes to electronic systems will continue to fuel demand for innovative solutions as more automobiles become electric. Printed circuit boards (PCBs) are also becoming more crucial in the production and operation of electrically driven vehicles. PCBs are a critical component of autonomous car technology. When using a vehicle's autonomous capabilities, several external sensors are required to assure safety, which increases the amount of cabling and pressure on the harness setup.
Passenger Electric Vehicles will be dominating 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 of wiring harnesses and connectors owing to their larger size and complex functions. It will also grow at a faster rate over time as electric commercial vehicles are readily being introduced in the EV domain.
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Wiring Harnesses and Connectors for HEVs generated the most value in 2020 owing to the large number of HEV production in Asia-Pacific and Japan. Countries such as Japan relies on HEVs for their share in the electric vehicle industry and is one of the largest producers of HEVs through leading companies such as Mitsubishi, Nissan Motor Company, and Honda, among others. However, the market will shift towards BEVs over the forecast period as BEVs use larger number of wires than HEV. Also, BEV deploys larger and thicker high voltage wires when compared with HEVs owing to the bigger battery.
Low Voltage Wiring Connectors Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Global Low Voltage Wiring Connectors market with an attention on the Global market.
It consists of plugs and jacks which help in connecting two low voltage wires.
The major advantages of these connectors are, they are smaller in size, better contact resistance, and high resistance to vibration, water or other contaminants.
Market Drivers:Increase in Transmission and Distribution (T) Network GloballyIncreasing Investment by the Government to Improve Connectivity Within RegionsGrowing Demand for Electric Vehicles Market Challenges:The Rise in Price of Raw Materials Used in Connectors Market Restraints:Complex Error Detection and Troubleshooting Process in Low Voltage Wiring ConnectorsInvestment in Wireless Communication Infrastructure This research report represents a 360-degree overview of the competitive landscape of the Global Low Voltage Wiring Connectors Market.
)North America (United States, Mexico & Canada)South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.
)Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.
