Press release
North America Automotive Data Cables Market To Gather Substantial Gains By 2027
Automotive Data Cables Market
Several OEMs are deploying auto data cables to come up with component integrations to offer Car-to-X communication. This is because the cables can work with high bandwidth levels to integrate sensors and safety systems like cameras, LiDAR & radar. There is a noticeable rise in the integration of advanced sensors, as well as safety and assistance systems into the vehicle computers. Various public and private initiatives have also been formed to introduce autonomous vehicles with C-V2X infrastructure.
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Estimates reveal that the global automotive data cables market size will reach over USD 9 billion in yearly remuneration by 2027.
Industry share of Controller Area Network (CAN) cables is pegged to register a dominant revenue share over the next few years due to their continuous adoption in in-vehicle electronic networking solutions. There is a growing demand for connected electronic devices that work on point-to-point wiring systems. Owing to this, the CAN cables are highly preferred by vehicle manufacturers to render seamless communication between microcontrollers and devices without the use of any host computer.
Demand for automotive data cables in passenger vehicles is estimated to bring a significant revenue through 2027. This is owing to the rising penetration of advanced in-vehicle infotainment systems. To quote an instance, Denso Corporation, a leading auto manufacturer, collaborated with Blackberry Limited in September 2019 to launch an advanced digital cockpit system, called Human Machine Interface (HMI).
Application of Automotive Data Cables Market in the safety & ADAS sector could witness an exponential rise in the next few years. This can be attributed to the jump in the number of accidents and fatalities. This has pushed the automotive companies to incorporate advanced safety as well as ADAS systems into their vehicular offerings. There is an incessant need for high-speed data transmission platforms by these components to provide a rapid response from the vehicle systems. Furthermore, the adoption of robust data cables is assisting these enterprises to facilitate the effective functioning of the systems.
North America is home to a significant automotive sector across the world and the region is likely to amass over 30% of the total industry share through 2027. The growth can be owed to the intense number of innovations as well as deployments pertaining to C-V2X technologies in the region.
For instance, the Virginia Department of Transportation in September 2020, joined hands with Qualcomm Technologies Inc. and Audi America to incorporate the C-V2X communication infrastructure across Virginia, U.S. On account of this, several enterprises across the country like Microsoft Corporation and Tesla Inc., are working towards the development of ADAS systems as well as autonomous vehicles. There is also a higher usage of electric vehicles across the region.
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Leading automotive data cable suppliers are incorporating various strategies for partnerships, acquisitions, and global expansions to reinforce their market position. For instance, ACOME Groupe introduced a new automotive cable production facility in Morocco in January 2018. This helped the firm to attain nearly 25% of the overall cable production for the automotive industry in the EMEA region.
Table of Contents (ToC) of the report:
Chapter 4 Competitive Landscape,
4.1 Introduction
4.2 Company market share, 2020
4.2.1 Competitive analysis of major Automotive Data Cables Market providers, 2020
4.2.1.1 Coficab group
4.2.1.2 Delphi Automotive PLC
4.2.1.3 Furukawa Electric Industries Ltd.
4.2.1.4 Leoni AG
4.2.1.5 Yazaki Corporation
4.2.2 Competitive analysis of innovative players, 2020
4.2.2.1 Condumex S.A. de C.V
4.2.2.2 Coroplast Fritz Müller GmbH & Co. KG
4.2.2.3 General Cable Technologies Corporation
4.2.2.4 Lear Corporation
4.2.2.5 Prysmian Group
Chapter 5 Automotive Data Cables Market, By Cable
5.1 Key trends, by cable type
5.2 Controller Area Network (CAN)
5.2.1 Market estimates and forecast, 2016 – 2027
5.3 Controller Area Network Flexible Data-Rate (CAN-FD)
5.3.1 Market estimates and forecast, 2016 – 2027
5.4 FlexRay
5.4.1 Market estimates and forecast, 2016 – 2027
5.5 Ethernet
5.5.1 Market estimates and forecast, 2016 – 2027
5.6 Low Voltage Differential Signaling (LVDS)/High Speed Data (HSD)
5.6.1 Market estimates and forecast, 2016 – 2027
5.7 Coaxial cables
5.7.1 Market estimates and forecast, 2016 – 2027
Chapter 6 Automotive Data Cables Market, By Vehicle Type
6.1 Key trends, by vehicle type
6.2 Passenger vehicles
6.2.1 Market estimates and forecast, 2016 – 2027
6.3 Commercial vehicles
6.3.1 Market estimates and forecast, 2016 – 2027
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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