Insight about Future of Wiring Harness and Connectors for Electric Vehicles

Electric vehicles are one of the fastest-growing technologies all over the globe. They protect the environment from pollution and give a great experience to those driving and owning them. Various features of electric vehicles are as follow:

• With no gears and clutch, they can accelerate quickly and smoothly and feel like driving a sports car.
• Maintenance cost is lesser as an electric vehicle has fewer moving parts.
• An electric vehicle can be charged comfortably at home using chargers overnight.

The increasing technological developments and the growing number of electric car manufacturers boost the demand for wiring harnesses and connectors in the market.

What is a wiring harness?

The collection of connectors, wires, switches, fuses, and relays to pass electric signals in the vehicles is called a wiring harness. The harness helps to keep all wires right at their place without letting them get loose for the well-being and safety of the vehicle. They operate in high and low voltage conditions.

Why is the market demand for wiring harnesses and connectors increasing?

The wiring harness and connectors are necessary for passing the information smoothly within electric vehicles. There are various categories of wiring harnesses available in the market. However, before choosing and selecting a harness, one should understand the harness’s benefits that need to be used. The primary benefits responsible for this increase in demand are as follows.

• Timesaving: Time is the crucial factor in choosing the vehicle product for any manufacturer and production line. The quicker process advances the manufacturing process and makes them more efficient and reliable. The harness helps in doing the wired connectivity in the vehicle quickly and saves a lot of time. It also helps in providing an alternative for technicians spending their time dealing with different cables and wires to make the proper connectivity in the vehicle.
• Organization: The wiring connectivity can be made more manageable and organized by linking a group of wires and cables together using wiring harnesses and connectors. It helps in understanding the functions of the different wires more helpfully.
• Space Saving: The larger space a vehicle has, the more beneficial it is. For the free movements of the internal component, the area’s requirements are huge. Wiring harnesses help make more space that leads to better managing and meeting the safety measures for the vehicles. The loose wires not only take space but are also a threat to the vehicle’s safety.
• Safety: An open wire in electric vehicles is more dangerous and unsafe. It can result in short circuits or failure of the whole system. A wiring harness can help manage these open wires with proper safety under the protection of its cover. The health of the wiring harness results in increasing the durability of the cables and wires.
• Product solving: The method of installing the wiring within the vehicles has become easier with the help of the wiring harnesses and connectors. Moreover, the problem arising in the wiring can easily be identified due to the capability of managing multiple wires and understanding the functions more appropriately.

Market Insight by BIS Research:

As per the BIS Research market report, it has been projected that market value of connectors and wiring harness for electric vehicle globally will be reaching $22.87 billion by 2031 at a CAGR of 23.37% during the forecast period 2021–2031. The rapid improvement in electric vehicles results in growing demands for connectors and wiring harnesses. The amount of wiring used in an electric vehicle (EV) is double compared to the internal combustion engine vehicles.

Therefore, the overall weight of wires and cables in electric vehicles (EVs) increases. In 2020, the market of EVs in China was the biggest in volume. It is estimated that by 2031, China will be the biggest market for electric vehicles connectors and wiring harnesses.

Wires are said to be essential components of the wiring harness. Generally, the wire is built using copper or a layer of insulation to protect them. Also, the use of the wiring to operate the external function in large and luxurious cars is high. Therefore, wires will dominate the market in the forecasted period 2021–2031.

Conclusion:

The market and technology of electric vehicles are constantly developing and getting enhanced. The wiring harness and connectors act as a nerve system of electric vehicles. Benefits such as the reduction in time taken for the installation and better understanding of the wires result in the market’s growth. Moreover, the possibility of wrong wiring has also decreased in vehicles. By 2031, the market will see a significant increase in the demand for wiring harnesses and connectors.