Global Automotive Data Cables Market

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 News

  • In April 2023, TE Connectivity finished the acquisition of Laird PLC's automotive connectivity commercial enterprise for $1.1 billion. This strategic flow drastically bolsters TE Connectivity's presence within the automobile statistics cables market, leveraging Laird's set up function as a pinnacle provider of automobile connectivity solutions.
  • In March 2023, Delphi Technologies PLC effectively acquired Aptiv PLC's electrical and digital structure enterprise for $1.35 billion. This acquisition expands Delphi Technologies' product portfolio, inclusive of a broader range of automotive statistics cables and different electric and digital additives, enhancing its aggressive position.
  • In February 2023, Yazaki Corporation obtained Sumitomo Electric Industries' automobile wire and cable enterprise for $1.2 billion. This acquisition strengthens Yazaki's foothold within the automotive factories cables marketplace, capitalizing on Sumitomo Electric's recognition as a leading company of car twine and cable solutions.
  • In July 2022, Amphenol Industrial Operations introduced the Amphe-Lite connector series to cater to the developing call for fiber optic interconnections in numerous industries including clinical, oil and fuel, security, and grid. The Amphe-Lite fiber optic termini are designed for excessive-speed and dependable optical laser transmission, making them suitable for digital data transmission in challenging environments.
  • In May 2022, Amphenol Communications Solutions unveiled the Barklip BK500 10 and Barklip BK150 10 busbar connectors. These connectors are designed to handle excessive-current applications and are completely compliant with OCP ORv3 energy output and IT tools specifications. They are particularly nicely-desirable for strength-dense factories, such as energy cabinets, baseband units, and server and storage sleds..
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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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Global Automotive Data Cables Market

Report ID: SQMIG25A2192

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