The Business Research Company’s report on the Automotive Data Cables Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the automotive data cables industry?
The increasing adoption of electric and hybrid vehicles is expected to propel the growth of the automotive data cable market going forward. Electric vehicles are described as vehicles that have an electric motor capable of drawing power from a battery and have an external source for charging. A hybrid vehicle has a battery-powered internal combustion engine and one or more electric motors providing the power. Electric and hybrid automobiles frequently feature vehicle-to-vehicle communication, telematics, in-car entertainment systems, and other advanced connectivity features. These systems depend on the reliable and effective data transfer of automotive data cables. For instance, in November 2023, according to the U.S. Energy Information Administration, a US-based government agency, the share of battery-electric vehicles (BEVs) in new light-duty vehicle sales reached 17.7% in the third quarter of 2023, with BEVs accounting for 16.0% of total new vehicle sales so far this year, up from 12.5% in 2022 and 9.0% in 2021. Therefore, the adoption of electric and hybrid vehicles is driving the growth of the automotive data cable market.
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What is the estimated market size of the automotive data cables sector by 2029, based on current forecasts?
The automotive data cables market size has grown rapidly in recent years. It will grow from $7.99 billion in 2024 to $8.89 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to the introduction of advanced automotive systems, transition to electric and hybrid vehicles, growing demand for in-vehicle connectivity, regulatory standards for vehicle safety, and adoption of advanced communication protocols
The automotive data cables market size is expected to see rapid growth in the next few years. It will grow to $13.58 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to the integration of augmented reality (AR) in vehicles, demand for flexible and robust designs, emphasis on vehicle-to-everything (v2x) communication, expansion of advanced driver assistance systems (ADAS), development of 5g connectivity in vehicles. Major trends in the forecast period include high-speed and high-bandwidth data cables, next-generation data cables for AI integration, flexible and versatile data cables, modular and scalable cable solutions, and smart data cables with self-diagnostics.
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#Who are the top players in the automotive data cables market?
Major companies operating in the automotive data cables market include Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric Co Ltd., Belden Inc., Gebauer And Griller, HUBER+SUHNER, COFICAB Group, ACOME Group, Axon Cable, UKB Electronics, Rosendahl Nextrome, Guangzhou ZhuJiang Cable Co. Ltd., Zhaolong Interconnect, Condumex S.A. de C.V., Champlain Cable Corporation, Sikora, Coroplast Fritz Müller GmbH & Co. KG, Waytek wire, Caledonian Cable, General Cable Technologies Corporation, KBE Elektrotechnik GmbH, LEONI AG, ITC Thermo Cable GmbH, Automotive Interconnect Solutions, Flexon Cables, Siechem, RR Kabel
#What are the major trends in the automotive data cables market?
Product innovation is a key trend gaining popularity in the automotive data cable market. Major companies operating in the automotive data cable market are developing innovative products to sustain their position in the market. For instance, in June 2022, Japan Aviation Electronics Industry Ltd., a Japan-based electrical company, launched the MX74 Series, a high-quality, fast-performing connector that complies with the automotive Ethernet standard IEEE 100BASE-T1. This product helps make vehicle bodies lighter by working with unshielded twisted pair (UTP) wires. The MX74 Series is offered as a separate connector for the socket side.
Which geography holds the highest automotive data cables market share?
Asia-Pacific was the largest region in the automotive data cables market in 2024. The regions covered in the automotive data cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the automotive data cables market?
The automotive data cables market covered in this report is segmented –
1) By Cable: Controller Area Network (CAN), Low Voltage Differential Signaling (LVDS) Or High Speed Data (HSD), FlexRay, Ethernet, Controller Area Network Flexible Data-Rate (CAN-FD), Coaxial Cables
2) By Vehicle: Passenger Vehicles, Commercial Vehicles
3) By Application: Safety And Advanced Driver-Assistance Systems (ADAS), Body Control And Comfort, Infotainment And Communication, Powertrain
Subsegments:
1) By Controller Area Network (CAN): Standard CAN, CAN FD (Flexible Data-Rate)
2) By Low Voltage Differential Signaling (LVDS) Or High Speed Data (HSD): Standard LVDS, Enhanced LVDS, HSD For Infotainment, HSD For Advanced Driver Assistance Systems (ADAS)
3) By FlexRay: Standard FlexRay, FlexRay With Time Division Multiple Access (TDMA)
4) By Ethernet: Automotive Ethernet (100BASE-T1), 1000BASE-T1
5) By Controller Area Network Flexible Data-Rate (CAN-FD): Standard CAN-FD, High-Speed CAN-FD
6) By Coaxial Cables: Standard Coaxial, High-Frequency Coaxial
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How is the automotive data cables market defined?
Automotive data cables refer to the media for transferring electricity to run numerous on-vehicle components like lighting, air conditioners, steering servos, and sensors. The primary purpose of automobile data cables is to transport electricity to operate various on-vehicle equipment such as lighting, air conditioning units, steering servos, and sensors.
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