Markets

Manufacturing has been making wiring harnesses by hand for a century. With advances in robotics and other technologies it is now possible to automate this

White Goods and Consumer Electronics

  • $74 billion market by 2026 (9.6% CAGR)
  • White Goods and home appliances
  • Driven by cost and increasing functionality
  • Quality and safety are key factors

 

Automotive

  • $61 billion market size by 2021 (7.5% CAGR)
  • A typical family car can have 50kg of wiring
  • The market is caught by the conflicting needs of increasing functionality and the need to reduce weight
  • The market is dominated by a small number of large Tier One suppliers such as: Lear Corporation, Delphi Automotive PLC, Sumitomo Electric, Yazaki Corporation and Leoni AG

Aerospace

  • The wiring harness market is forecast to be worth $104 billion by 2023 (2.4% CAGR)
  • A 747-400 has 171 miles and the Airbus-380 over 300 miles of wiring
  • There are a small number of highly specialised suppliers, able to work to the required standards
  • Remove the final sections

The value proposition:

 

Quality

  • 60 fires a week are caused by faulty wiring whitegoods in the UK
  • Four out of five warranty automotive claims to the RAC are electrical faults often related to faulty wiring
  • Most consumer good product recalls are caused by faulty wiring that cause fires
  • More robust components

Cost

  •  1/3 of the production cost
  • Lower installation costs
  • Lower warranty cost
  • Lower training costs
  • Lower logistics costs

Speed

  • Reduced product development time
  • Simpler supply chain
  • Just-in-time manufacture