The Automotive Data Cables market is expected to expand rapidly during the forecast period. The global Automotive Data Cables market was worth USD 5.7 billion in 2019 and is expected to be worth USD 8.6 billion by 2026, growing at a CAGR of 6.2%.
Global Automotive Data Cables Market: Overview
Automotive control cable is an essential component of automobiles. Vehicle operation is difficult without automotive control cable, which allows drivers to control vehicle functions. These controllable functions are designed to function efficiently even in hazardous conditions such as heat. A cable is made up of several insulated wires that are packed together in one cable. Typically, these cables are labelled with numbers and letters to distinguish between insulation types and cable numbers. A modern vehicle system includes a plethora of electronic applications that contribute to a better driving experience while also providing safety and fuel efficiency.
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Global Automotive Data Cables Market: Growth Factors
The growing demand for lower energy consumption and high efficiency in modern automobiles, combined with a compact design, is one of the major factors driving the global automotive data cables market. However, low energy consumption causes the engine cabinet and automotive cable to heat up in response to such high temperatures. Furthermore, they improve resistance to cleaning agents, as well as battery and fuel acids. The growing popularity of electric and hybrid vehicles necessitates an adequate supply of electrical energy to the vehicles. As a result, these new scenarios present significant growth opportunities for the global automotive data cables market. Furthermore, the increasing production of electric vehicles as a result of the strict rules and regulations of the
Global Automotive Data Cables Market: Segmentation
The global automotive data cables market is divided into four categories: application, vehicle type, cable type, and region.
The market can be divided into four applications: safety & ADAS, infotainment & communication, body control & comfort, and powertrain. Because of the incorporation of excellent entertainment facilities such as GPS, video, audio, vehicle parking system, and others, the infotainment & communication segment holds the largest market share.
The market can be divided into commercial vehicles and passenger vehicles based on vehicle type. Because of the increasing incorporation of digital features in passenger cars to attract customers, the passenger vehicle segment accounts for the largest share of the global automotive data cables market.
Global Automotive Data Cables Market: Regional Analysis
Based on regions, the global Automotive Data Cables market can be divided into five main regions. Asia Pacific accounts for the largest share in the global automotive data cables market due to the surging demand for the high-speed data induced by growing vehicle production in the market.
North America is anticipated to grow exponentially due to the growing technological advancements in the region.
Global Automotive Data Cables Market: Competitive Players
Some of the key players in the Automotive Data Cables market are Yazaki Corporation, Waytek, Inc., Sumitomo Electric Industries, Sampsistemi S.r.l, SALCAVI S.p.A., Prysmian Group, Lear Corporation, ITC Thermo Cable GmbH, HUBER+SUHNER AG, General Cable Technologies Corporation, Gebauer & Griller Kabelwerke GesmbH, Furukawa Electric Industries Ltd., Delphi Automotive PLC, Coroplast Fritz Müller GmbH & Co. KG, Condumex S.A. de C.V., Coficab Group, Champlain Cable Corporation, Belden Incorporated, Amphenol Corporation, ACOME Group, Alpha Wire, Guang Zhou Zhujiang Cable Co., Ltd, Leoni AG, Cable-Tec, Lexco Cable Mfg., Jersey Strand and Cable, Inc., Tyler Madison, Inc., Cable Manufacturing & Assembly Co., ALLIED WIRE & CABLE, INC., and AB Bröckskes GmbH & Co. KG.
Leading automotive data cable providers are eager to acquire marginal players in order to broaden their portfolio and increase market outreach. Purchase of OTN Systems N.V. The latest developments underpinning the strategy were Belden in January 2021 and the acquisition of MTS Systems Corporation by Amphenol in December 2020.
Global Automotive Data Cables Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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