Automotive Data Cables Market Size, Share, Growth Report 2030

The Automotive Data Cables market is set for rapid growth over the forecast period. In terms of revenue, the global Automotive Data Cables market accounted for USD 5.7 Billion in 2019 and is expected to reach USD 8.6 Billion by 2026, growing at a CAGR of 6.2%.

Global Automotive Data Cables Market: Overview

Automotive control cable is an important part of automobiles. The operation of vehicles is difficult without automotive control cable as it enables drivers to control the vehicle functions. These controllable functions are designed in a manner that they can perform efficiently even in hazardous conditions like heat. A cable includes a number of insulated wires packed in one cable. Usually, these cables are denoted with numbers and letters to effectively differentiate between insulation types and cable numbers. A modern vehicle system comprises numerous electronic applications that aid in a better driving experience coupled with safety measures and fuel efficiency.

Global Automotive Data Cables Market: Growth Factors

One of the major factors driving the global automotive data cables market is the growing demand for lower energy consumption and high efficiency in the modern automobile coupled with a compact design. But low energy consumption leads to the rise in temperature of the engine cabinet and automotive cable efficiently against such high temperatures. In addition, they also facilitate the resistance against cleaning agents, and battery & fuel acids. The growing trend of electric and hybrid vehicles needs an optimum supply of electrical energy to the vehicles. Hence these emerging scenarios are offering significant growth opportunities for the global automotive data cables market.

Moreover, the growing production of electric vehicles due to the strict rules and regulations of the government regarding reducing automobile emissions and promoting green transportation across the globe will further boost market growth. The increasing government's support is also fueling the growth of the global automotive data cables market. The growing adoption of smart vehicle infotainment coupled with the technology of connected devices is anticipated to propel the growth of the global automotive data cables market during the forecast period.

The extensive popularity of autonomous vehicles spiked the use of automotive data cables widely into the mainstream. Moreover, the growing demand for luxury vehicles also bolstered the growth of the market globally.

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Global Automotive Data Cables Market: Segmentation

The global automotive data cables market can be segmented into application, vehicle type, cable type, and region.

By application, the market can be segmented into safety & ADAS, infotainment & communication, body control & comfort, and powertrain. The infotainment & communication segment holds the largest share in the market due to the incorporation of excellent entertainment facilities like GPS, video, audio, vehicle parking system, and others.

By vehicle type, the market can be segmented into commercial vehicles and passenger vehicles. The passenger vehicles segment accounts for the largest share in the global automotive data cables market due to the growing incorporation of digital features in passenger cars to attract customers.

By cable type, the market can be segmented into coaxial cables, low voltage differential signaling (LVDS), ethernet, FlexRay, controller area network flexible data-rate (CAN-FD), and controller area network (CAN). The controller area network flexible data-rate (CAN-FD) segment holds hegemony over others due to its innovative feature in covering drawbacks of traditional CAN.

Global Automotive Data Cables Market: Regional Analysis

Based on regions, the global Automotive Data Cables market can be divided into five main regions. Asia Pacific accounts for the largest share in the global automotive data cables market due to the surging demand for the high-speed data induced by growing vehicle production in the market.

North America is anticipated to grow exponentially due to the growing technological advancements in the region.

Global Automotive Data Cables Market: Competitive Players

Some of the key players in the Automotive Data Cables market are Yazaki Corporation, Waytek, Inc., Sumitomo Electric Industries, Sampsistemi S.r.l, SALCAVI S.p.A., Prysmian Group, Lear Corporation, ITC Thermo Cable GmbH, HUBER+SUHNER AG, General Cable Technologies Corporation, Gebauer & Griller Kabelwerke GesmbH, Furukawa Electric Industries Ltd., Delphi Automotive PLC, Coroplast Fritz Müller GmbH & Co. KG, Condumex S.A. de C.V., Coficab Group, Champlain Cable Corporation, Belden Incorporated, Amphenol Corporation, ACOME Group, Alpha Wire, Guang Zhou Zhujiang Cable Co., Ltd, Leoni AG, Cable-Tec, Lexco Cable Mfg., Jersey Strand and Cable, Inc., Tyler Madison, Inc., Cable Manufacturing & Assembly Co., ALLIED WIRE & CABLE, INC., and AB Bröckskes GmbH & Co. KG.

Leading automotive data cable providers are eager to acquire marginal players in order to broaden their portfolio and increase market outreach. Purchase of OTN Systems N.V. The latest developments underpinning the strategy were Belden in January 2021 and the acquisition of MTS Systems Corporation by Amphenol in December 2020.

Global Automotive Data Cables Market: Report Scope:

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Global Automotive Data Cables Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa