Press release
Automotive Data Cables Market Overview - Forecast Market Size, Top Segments And Largest Region
Automotive Data Cables
The Business Research Company's Automotive Data Cables Global Market Report 2023 identifies electric and hybrid vehicles as the major driver for the Automotive Data Cables market's growth in the forecast period. 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.
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.
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. 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.
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The Automotive Data Cables market is segmented -
• 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
• By Vehicle: Passenger Vehicles, Commercial Vehicles
• 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. Automotive Data Cables Market Executive Summary
2. Automotive Data Cables Market Segments
3. Automotive Data Cables Market Size And Automotive Data Cables Market Growth Rate
4. Key Automotive Data Cables Market Trends
5. Major Automotive Data Cables Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Data Cables Market
26. Top Automotive Data Cables Companies
27. Automotive Data Cables Market Opportunities And Strategies
28. Automotive Data Cables Market, Conclusions And Recommendations
29. Appendix
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