Press release
Global Automotive Data Cables Market 2023 - Industry Segments, Drivers, Trends, Forecast to 2032
Automotive Data Cables Global Market
The Business Research Company's Automotive Data Cables Global Market Report 2023 identifies increasing adoption of electric and hybrid vehicles as the major driver for the Automotive Data Cables market's growth in the forecast period. 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.
The global automotive data cables market is expected to grow from $6.42 billion in 2022 to $7.22 billion in 2023 at a compound annual growth rate (CAGR) of 12..4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive data cables market is expected to reach $11.01 billion in 2027 at a CAGR of 11.1%.
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Major competitors in the Automotive Data Cables market are Sumitomo Electric Industries Ltd,Prysmian Group, BorgWarner Inc., 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.
A key trend in the Automotive Data Cables market includes Product innovation. Major companies operating in the automotive data cable market are developing innovative products to sustain their position in the market.
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The Automotive Data Cables market 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Data Cables market.
The Business Research Company's "Global Automotive Data Cables Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Data Cables Market Include:
1. Executive Summary
2. Automotive Data Cables Market Characteristics
3. Automotive Data Cables Market Trends And Strategies
4. Automotive Data Cables Market - Macro Economic Scenario
5. Automotive Data Cables Market Size And Growth
……
27. Automotive Data Cables Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Data Cables Market
29. Automotive Data Cables Market Future Outlook And Potential Analysis
30. Appendix
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