Press release
Automotive Data Cables Market Report 2025: Progressive Growth tracking at CAGR of 11.3% with Advanced Automotive Systems Trending
Automotive Data Cables Market Share
Driven by the transition to electric and hybrid vehicles and the growing demand for advanced in-vehicle connectivity, the Global Automotive Data Cables Market size is projected to grow from $7.99 billion to $8.89 billion by 2025.
What Is The Projected Market Size Of The Global Automotive Data Cables Global Market Report 2025 And Its Growth Rate?
• Quick growth has been observed in the automotive data cables market size, due to the introduction of advanced automotive systems.
• The market size is expected to grow from $7.99 billion in 2024 to $8.89 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%.
• The growth can be attributed to the introduction of advanced automotive systems, transition to electric and hybrid vehicles, growing demand for in-vehicle connectivity, regulatory standards for vehicle safety, and adoption of advanced communication protocols.
• The automotive data cables market size is expected to see rapid growth in the next few years, growing to $13.58 billion in 2029 at a CAGR of 11.2%.
• The key drivers of growth in the forecast period include integration of augmented reality (AR) in vehicles, demand for flexible and robust designs, emphasis on vehicle-to-everything (v2x) communication, expansion of advanced driver assistance systems (ADAS), and development of 5g connectivity in vehicles.
What Is driving The Growth In The Automotive Data Cables Global Market Report 2025?
The major driving factor for the growth of the automotive data cable market is the increasing adoption of electric and hybrid vehicles. These vehicles feature advanced connectivity options like vehicle-to-vehicle communication, telematics, in-car entertainment systems, and other systems that rely on the reliable and effective data transfer of automotive data cables. For instance, the U.S. Energy Information Administration reported in November 2023 that battery-electric vehicles (BEVs) accounted for 17.7% of new light-duty vehicle sales in the third quarter of 2023, and 16.0% of total new vehicle sales in the year, up from 12.5% in 2022 and 9.0% in 2021.
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Who Are the Key Players Driving Automotive Data Cable Global Market Report 2025 Growth?
• Sumitomo Electric Industries Ltd
• Prysmian Group
• 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.
• Champlain Cable Corporation
• Sikora
• Coroplast Fritz Müller GmbH & Co. KG
• Waytek wire
• Caledonian Cable
• General Cable Technologies Corporation
• KBE Elektrotechnik GmbH
• LEONI AG
• ITC Thermo Cable GmbH
• Automotive Interconnect Solutions
• Flexon Cables
• Siechem
• RR Kabel
What Are The Key Trends In The Automotive Data Cables Global Market Report 2025?
• High-speed and high-bandwidth data cables
• Next-generation data cables for AI integration
• Flexible and versatile data cables
• Modular and scalable cable solutions
• Smart data cables with self-diagnostics
What Are The Segments Of The Global Automotive Data Cables Global Market Report 2025?
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
Which Region Leads The Automotive Data Cables Global Market Report 2025?
In 2024, Asia-Pacific was the largest region in the automotive data cables market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Data Cables Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Automotive Data Cables Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Data Cables Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Data Cables Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Data Cables Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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