What is the global market size of Automotive Data Cables Market?

Global Automotive Data Cables Market size was valued at USD 7 billion in 2021 and is poised to grow from USD 7.82 billion in 2022 to USD 18.95 billion by 2030, growing at a CAGR of 11.7% during the forecast period (2023-2030).

Automotive Data Cables Market Size, Share, Growth Analysis, By Cable type(Controller Area Network [CAN], Low Voltage Differential Signaling (LVDS)/High Speed Data (HSD), FlexRay, Ethernet), By Vehicle type(Passenger Vehicles, Commercial Vehicles), By Application(Safety and ADAS, Body Control and Comfort, Infotainment and Communication, and Powertrain), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2192 | Region: Global | Published Date: June, 2024
Pages: 223 | Tables: 93 | Figures: 68

Automotive Data Cables Market Dynamics

Drivers

Advancements in Automotive Technology

As vehicles end up more related and included with state-of-the-art systems like infotainment, ADAS, and EVs, the call for high-speed and reliable information cables will increase. These cables are crucial for seamless records transmission and verbal exchange in the automobile riding market boom.

Restraints

Price Sensitivity in the Automotive Industry

Automakers and suppliers regularly face value constraints whilst integrating advanced technologies, such as statistics cables, into vehicles. This can limit the adoption of top rate records cable answers and probably avert market growth, as producers are seeking price-powerful alternatives to meet their budgetary constraints.

Automotive Data Cables Market Report Snapshots

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FAQs

Automotive Data Cables Market size was valued at USD 7.82 billion in 2022 and is poised to grow from USD 8.73 billion in 2023 to USD 21.17 billion by 2031, at a CAGR of 11.70% during the forecast period (2024-2031).

The competitive landscape of the worldwide automobile facts cables marketplace is characterised by excessive rivalry amongst several leading groups vying for market share. These organizations are always engaged in studies and development activities to innovate and offer contemporary solutions that cater to the evolving wishes of the automobile industry. Product first-class, reliability, and compatibility with superior automobile technology are key focal factors for market players. 'Champlain Cable Group (US)', 'Sumitomo Electric Industries, Ltd (Japan)', 'Amphenol Corporation (US)', 'Belden Inc. (US)', 'Gebauer & Griller (Austria)', 'Coroplast Fritz Müller GmbH & Co. KG (Germany)', 'Condumex S.A. de C.V. (Mexico)', 'BorgWarner Inc. (US)', 'Prysmian Group (Italy)', 'ACOME (France)', 'FURUKAWA ELECTRIC CO., LTD. (Japan)', 'COFICAB Group (Morocco)'

As vehicles end up more related and included with state-of-the-art systems like infotainment, ADAS, and EVs, the call for high-speed and reliable information cables will increase. These cables are crucial for seamless records transmission and verbal exchange in the automobile riding market boom.

Emergence of Electric and Autonomous Vehicles : As the automotive industry shifts toward cleaner and self-driving technologies, there's a growing need for advanced data cables to support the complex communication and data transmission requirements of these vehicles. This trend is driving the development of specialized data cable solutions tailored to the unique demands of electric and autonomous vehicles, presenting significant growth opportunities in the automotive data cables market.

The Asia Pacific area currently dominates the global car statistics cables market. This dominance can be attributed to several elements, such as the region's sizable car production presence, particularly in countries like China, Japan, and South Korea. The fast enlargement of the car enterprise in Asia Pacific, coupled with the growing integration of advanced technologies in cars, has caused a sturdy demand for car information cables.

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Automotive Data Cables Market Dynamics

Automotive Data Cables Market Report Snapshots

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