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The Surge In Electric And Hybrid Vehicles Driving The Automotive Data Cable Market Growth: A Key Factor Shaping the Future of the Automotive Data Cables Market in 2025
Automotive Data Cables Market Size
The automotive data cable market's growth is likely to be fueled by the rising adoption of electric and hybrid vehicles. Defined as vehicles powered by an electric motor that draws energy from a battery and requires an external charging source, electric vehicles, along with hybrid vehicles, often come equipped with features like vehicle-to-vehicle communication, telematics, in-car entertainment systems, and other cutting-edge connectivity technologies. These systems are heavily reliant on the efficient and reliable data transfer facilitated by automotive data cables. The U.S. Energy Information Administration, a government agency, stated in November 2023 that battery-electric vehicles (BEVs) made up 17.7% of new light-duty vehicle sales in the third quarter of 2023, with BEVs representing 16.0% of all new vehicle sales year-to-date, an increase from 12.5% in 2022 and 9.0% in 2021. Consequently, the escalating uptake of electric and hybrid vehicles is stimulating the expansion of the automotive data cable market.
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What is the projected compound annual growth rate (CAGR) of the automotive data cables market from 2025 to 2034, and what factors influence it?
In recent times, the market size for automotive data cables has seen rapid expansion. There will be an escalation from $7.99 billion in 2024 to $8.89 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.3%. Several factors contributing to the growth during the historical period include the launch of sophisticated automotive setups, a shift to electric and hybrid vehicles, an increase in in-vehicle connectivity demand, statutory regulations pertaining to vehicle safety, and the implementation of advanced communication protocols.
Expectations are high for a swift expansion in the automotive data cables market over the next few years, with predictions showing a growth to $13.58 billion by 2029, reflecting a compound annual growth rate (CAGR) of 11.2%. The increase anticipated within this forecast period is mainly due to the introduction of augmented reality (AR) in vehicles, a rising demand for robust and adaptable designs, an intensified focus on vehicle-to-everything (v2x) communication, enlargement of advanced driver assistance systems (ADAS), and the implementation of 5g connectivity in vehicles. Within the forecast period, several prominent trends are emerging that include high-speed and high-bandwidth data cables, next-generation data cables to facilitate AI integration, resilient and versatile data cables, extendable and scalable cable solutions, and intelligent data cables capable of self-diagnostics.
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How are the latest trends influencing the growth of the automotive data cables market?
Product innovation is becoming a prominent trend within the automotive data cable market. Leading companies in the market are progressively developing innovative offerings to maintain their market standing. For instance, Japan Aviation Electronics Industry Ltd, a company based in Japan specializing in electronics, unveiled the MX74 Series in June 2022. This product, a high-quality, high-speed connector, adheres to the automotive Ethernet standard IEEE 100BASE-T1. By using unshielded twisted pair (UTP) wires, the MX74 Series lightens the overall weight of vehicles. The MX74 Series is available as an individual connector for the socket side.
What are the major segments of the automotive data cables market and their role in driving growth?
The automotive data cables market covered in this report 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
Subsegments:
1) By Controller Area Network (CAN): Standard CAN, CAN FD (Flexible Data-Rate)
2) By Low Voltage Differential Signaling (LVDS) Or High Speed Data (HSD): Standard LVDS, Enhanced LVDS, HSD For Infotainment, HSD For Advanced Driver Assistance Systems (ADAS)
3) By FlexRay: Standard FlexRay, FlexRay With Time Division Multiple Access (TDMA)
4) By Ethernet: Automotive Ethernet (100BASE-T1), 1000BASE-T1
5) By Controller Area Network Flexible Data-Rate (CAN-FD): Standard CAN-FD, High-Speed CAN-FD
6) By Coaxial Cables: Standard Coaxial, High-Frequency Coaxial
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Which regions are key players in the growth of the automotive data cables market?
Asia-Pacific was the largest region in the automotive data cables market in 2024. The regions covered in the automotive data cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the automotive data cables market?
Major companies operating in the automotive data cables market include 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
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What Is Covered In The Automotive Data Cables Global Market Report?
• Market Size Forecast: Examine the automotive data cables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive data cables market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive data cables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive data cables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive data cables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive data cables market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive data cables market.
• Competitive Landscape: Review strategic developments in the automotive data cables market, including expansions, agreements, and new product launches.
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