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Automotive Data Cables Market Worth USD 20.0 Billion In 2031 | Acome Group, Aptiv , Belden Incorporated, Coficab Group

12-07-2023 04:42 AM CET | Media & Telecommunications

Press release from: Global Insight Services

The global automotive data cables market was valued at USD 7.0 billion in 2022 and it is anticipated to grow further till USD 20.0 billion by 2032, at a CAGR of 11.1% during the forecast period.

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Automotive data cables are the type of cables that are used to transfer data. The increasing use of connected cars coupled with the increasing availability of smart vehicle infotainment system is boosting the demand for the automotive data cables market. Moreover, increasing popularity of autonomous vehicle is led to the increasing requirement of data cables, which is likely to influence the growth of the automotive data cables market.

Market Trends and Drivers

The increasing contribution of electronic systems in passenger cars coupled with emergence of autonomous vehicles is anticipated to boost the growth of the market. Moreover, rise in sales of premium vehicles and growing popularity of vehicle telematics along with increasing role of data connectivity for in-vehicle infotainment and V2V communication is likely to refuel the growth of the market.

Major Players in the Global Automotive Data Cables Market

The key players studied in the report are ACOME Group, Aptiv PLC, Belden Incorporated, Coficab group, Condumex S.A. de C.V., Coroplast, Amphelone Corporation, General Cable Technologies Corporation, Furukawa Electric Industries Ltd., Champlain Cable Corporation, among others.

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COVID-19 Impact

The COVID-19 pandemic had a detrimental effect on the sector because to delays in the production process and strict lockdowns that prohibited mobility. However, a drop in coronavirus incidence and a rise in consumer disposable income encouraged sales of passenger cars and the automotive industry as a whole, especially as it related to bettering vehicle connectivity. Additionally, businesses continued to invest heavily in challenging R&D initiatives, which increased demand for vehicle data connections.

For instance, well-known semiconductor maker NXP debuted CAN SIC technology in October 2021. This technology boosts possible data rates by actively enhancing the CAN signal, allowing CAN FD networks to function in larger, more complicated networks.

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Global Automotive Data Cables Market Segmentation

By Cable

Controller Area Network
Controller Area Network Flexible Data-Rate
FlexRay
Ethernet
Low Voltage Differential Signaling/High Speed Data
Coaxial Cables

By Vehicle

Passenger Vehicles
Commercial Vehicles

By Application

Powertrain
Body Control & Comfort
Infotainment & Communication
Safety & ADAS

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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