Automotive Data Cables Market Trends, Growth Factors Analysis To 2027

The size of automotive data cables market was registered at 9 billion in the year 2027 and is anticipated to cross 6 billion by 2020. Between the period 2021-2027, the automotive data cables industry is expected to register a CAGR of 6%, as per the research by Global Market Insights Inc.

Ongoing technological advancements in in-vehicle infotainment systems coupled with increasing integration of safety systems in vehicles is set to open lucrative growth opportunities for global automotive data cables market over the ensuing years. These systems require efficient and reliable data connectivity which is driving the adoption of automotive cable solutions. Besides, rising integration of advanced sensors, assistance and safety systems in vehicles is fueling the installation of high-speed vehicle data transmission systems.

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In addition, burgeoning demand for efficient data transmission and integration between automobile components including telematics, chipsets, etc., is fostering the automotive data cables market growth. These cables also find extensive application in the automotive industry for component integrations for supporting Car-to-X communication.

Controller Area Network (CAN) type of automotive data cables are predominantly used for in-vehicle electronic networking. Vehicle manufacturers use these cables to provide uninterrupted communication between microcontrollers and devices by eliminating the requirement for host computer. Besides, the increasing adoption of connected electronic devices for facilitating point-to-point wiring systems is impelling the demand for CAN cables significantly.

Automotive data cables are observing higher adoption in passenger vehicles owing to increasing installation of advanced in-vehicle infotainment systems in this vehicle segment. Quoting an instance, in 2019, automotive equipment manufacturer, Denso Corporation announced partnership with Blackberry Limited to jointly develop high-end Human Machine Interface (HMI) based cockpit system. Moreover, the ongoing trend of advanced in-vehicle experience is the major factor propelling the industry growth.

North America automotive data cables market is projected to secure a substantial market share of more than 30% by 2027. Rising deployments of C-V2X technologies coupled with increasing penetration of electric vehicles has evoked the demand for automotive cables in the North America region. To illustrate, in 2020, the Virginia Department of Transportation, Audi America and Qualcomm Technologies Inc., jointly deployed C-V2X technology-based communication infrastructure in Virginia, U.S. In addition, regional enterprises, such as Tesla Inc. and Microsoft Corporation are also emphasizing on ADAS systems & autonomous vehicles which is supporting the product adoption further.

Key players operating in automotive data cables market such as ACOME Group, Condumex S.A. de C.V, Belden Incorporated, HUBER+SUHNER AG, General Cable Technologies Corporation, etc. are focusing on strategic initiatives such as mergers, acquisitions and product launches to strengthen their market presence. For instance, in 2020, leading manufacturer of automotive components, HUBER+SUHNER launched a new robust and flexible RADOX technology based FLEX high voltage cable. Apparently, this product launch enabled the company to expand its portfolio for electric vehicle (EV).

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Partial Chapter of the Table of Content

Chapter 5 Automotive Data Cables Market, By Cable

5.1 Key trends, by cable type

5.2 Controller Area Network (CAN)

5.2.1 Market estimates and forecast, 2016 – 2027

5.3 Controller Area Network Flexible Data-Rate (CAN-FD)

5.3.1 Market estimates and forecast, 2016 – 2027

5.4 FlexRay

5.4.1 Market estimates and forecast, 2016 – 2027

5.5 Ethernet

5.5.1 Market estimates and forecast, 2016 – 2027

5.6 Low Voltage Differential Signaling (LVDS)/High Speed Data (HSD)

5.6.1 Market estimates and forecast, 2016 – 2027

5.7 Coaxial cables

5.7.1 Market estimates and forecast, 2016 – 2027

Chapter 6 Automotive Data Cables Market, By Vehicle Type

6.1 Key trends, by vehicle type

6.2 Passenger vehicles

6.2.1 Market estimates and forecast, 2016 – 2027

6.3 Commercial vehicles

6.3.1 Market estimates and forecast, 2016 – 2027

Chapter 7 Automotive Data Cables Market, By Application

7.1 Key trends, by application

7.2 Powertrain

7.2.1 Market estimates and forecast, 2016 – 2027

7.3 Body control & comfort

7.3.1 Market estimates and forecast, 2016 – 2027

7.4 Infotainment & communication

7.4.1 Market estimates and forecast, 2016 – 2027

7.5 Safety & ADAS

7.5.1 Automotive Data Cables Market estimates and forecast, 2016 – 2027

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