Press release
Strong Growth Ahead: Automotive Data Cables Market Size To Grow At Arecord 11.2% Cagr By 2029
Automotive Data Cables
How Big Is the Automotive Data Cables Market Size Expected to Be by 2034?
The Automotive Data Cables Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Automotive Data Cables Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Automotive Data Cables Market?
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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What Long-Term Drivers Are Shaping Automotive Data Cables Market Trends?
The rise in the use of electric and hybrid vehicles is anticipated to drive the expansion of the automotive data cable market. Electric vehicles, characterised as automobiles with an electric motor powered by a battery and an external charging source, are becoming more popular. A hybrid vehicle, on the other hand, has a battery-operated internal combustion engine and one or multiple electric motors for power. Various advanced connectivity features like vehicle-to-vehicle communication, telematics, and in-car entertainment systems are common in electric and hybrid cars. These functions necessitate the efficient transmission of automotive data through cables. For instance, the U.S. Energy Information Administration reported in November 2023 that the portion of battery-electric vehicles (BEVs) in new light-duty vehicle sales had risen to 17.7% in the third quarter of 2023. Furthermore, BEVs represented 16.0% of all new vehicle sales this year, an increase from 12.5% in 2022 and 9.0% in 2021. Hence, the surge in electric and hybrid vehicle adoption is fuelling the automotive data cable market's growth.
Who Are the Top Competitors in Key Automotive Data Cables Market Segments?
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
What Automotive Data Cables Market Trends Are Gaining Traction Across Different Segments?
The emergence of product innovation is a significant trend in the automotive data cable market. Major players in the market are crafting innovative products to maintain their market standing. For example, in June 2022, Japan Aviation Electronics Industry Ltd., an electrical firm based in Japan, introduced the MX74 Series. This fast and high-quality connector complies with the automotive Ethernet standard IEEE 100BASE-T1 and aids in reducing a vehicle's weight by cooperating with unshielded twisted pair (UTP) wires. The MX74 Series is also available as an individual connector for the socket side.
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Which Regions Are Becoming Hubs for Automotive Data Cables Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Data Cables Market?
2. What is the CAGR expected in the Automotive Data Cables Market?
3. What Are the Key Innovations Transforming the Automotive Data Cables Industry?
4. Which Region Is Leading the Automotive Data Cables Market?
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