New York, NY, July 25, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Automotive Data Cables Market By Cable Type (Ethernet Cables, UBB Cables, Coaxial Cables, Fiber Optic Cables, Power Cables, And Others), By Application (ADAS, Infotainment Systems, Powertrain Systems, Battery Management Systems, And Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles, And Hybrid Vehicles), And By Region – Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 ” in its research database.
“According to the latest research study, the demand of global Automotive Data Cables Market size & share in terms of revenue was valued at USD 6.98 billion in 2022 and it is expected to surpass around USD 15.48 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 10.52% during the forecast period 2023 to 2030.”
What is Automotive Data Cables? How big is the Automotive Data Cables Industry?
Automotive Data Cables Market Coverage & Overview:
Automotive data cables are specialized cables used in vehicles to transmit data and electrical signals between various components, such as the engine, transmission, sensors, entertainment systems, and communication modules, enabling efficient and reliable communication and control within the automotive system. These cables are designed to withstand harsh automotive environments, including extreme temperatures, vibrations, and electromagnetic interference while ensuring accurate and fast data transfer for optimal performance, safety, and connectivity in modern vehicles.
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Global Automotive Data Cables Market: Growth Factors
The growing demand for connected and electric vehicles is a significant driving factor for the automotive data cables market. Connected vehicles require extensive data communication between various onboard systems, including infotainment, navigation, telematics, and vehicle diagnostics. Electric vehicles rely on data cables to transmit critical information related to battery management, powertrain efficiency, and charging infrastructure. As the popularity of connected and electric vehicles continues to rise, the need for advanced automotive data cables with higher bandwidth, enhanced durability, and improved data transfer capabilities increases, thereby driving the growth of the market.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 6.98 billion |
| Projected Market Size in 2030 | USD 15.48 billion |
| CAGR Growth Rate | 10.52% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Toyota Motor Corporation, Volkswagen Group, General Motors, Ford Motor Company, Honda Motor Co. Ltd., BMW Group, Daimler AG, Hyundai Motor Group, Nissan Motor Co. Ltd., Stellantis N.V. |
| Key Segment | By Cable Type, By Application, By Vehicle Type, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Automotive Data Cables Market: Segmentation Analysis
Based on the cable type, the global market is bifurcated into ethernet cables, UBB cables, coaxial cables, fiber optic cables, power cables, and others. The ethernet cables segment is expected to dominate the automotive data cables industry over the forecast period. Ethernet cables are commonly used for in-vehicle networking and connectivity, particularly for high-speed data transfer between various electronic components in modern vehicles. Ethernet technology has gained prominence due to its ability to support advanced applications and increasing data requirements. It has been widely adopted in automotive applications, especially in autonomous driving systems.
Based on the vehicle type, the market is segmented into passenger cars, commercial vehicles, electric vehicles, and hybrid vehicles
Based on the application, the global automotive data cables industry is divided into ADAS, infotainment systems, powertrain systems, battery management systems, and others. The ADAS segment is expected to dominate the market over the forecast period. ADAS technologies include features like adaptive cruise control, lane departure warning, automatic emergency braking, and blind spot detection, among others. ADAS has been gaining significant traction in the automotive industry due to its focus on enhancing vehicle safety and improving the driving experience. The ADAS segment has been capturing a considerable market share as automakers continue to integrate advanced safety features into their vehicles.
The global Automotive Data Cables market is segmented as follows:
By Cable Type
- Ethernet cables
- UBB cables
- Coaxial cables
- Fiber optic cables
- Power cables
- Others
By Application
- ADAS
- Infotainment systems
- Powertrain systems
- Battery management systems
- Others
By Vehicle Type
- Passenger cars
- Commercial vehicles
- Electric vehicles
- Hybrid vehicles
- Others
Browse the full “Automotive Data Cables Market By Cable Type (Ethernet Cables, UBB Cables, Coaxial Cables, Fiber Optic Cables, Power Cables, And Others), By Application (ADAS, Infotainment Systems, Powertrain Systems, Battery Management Systems, And Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles, And Hybrid Vehicles), And By Region – Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/automotive-data-cables-market
Competitive Landscape
Some of the main competitors dominating the global Automotive Data Cables market include -
- Toyota Motor Corporation
- Volkswagen Group
- General Motors
- Ford Motor Company
- Honda Motor Co. Ltd.
- BMW Group
- Daimler AG
- Hyundai Motor Group
- Nissan Motor Co. Ltd.
- Stellantis N.V
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the global automotive data cables market is estimated to grow annually at a CAGR of around 10.52% over the forecast period (2023-2030).
- In terms of revenue, the global automotive data cables market size was valued at around USD 6.98 billion in 2022 and is projected to reach USD 15.48 billion, by 2030.
- The primary factor projected to drive the automotive data cables market is the increasing demand for advanced driver assistance systems & connected car technologies. ADAS encompasses a range of technologies designed to enhance vehicle safety and improve the driving experience. These technologies include adaptive cruise control, lane departure warning, blind-spot detection, collision avoidance systems, and many others.
- Based on the cable type, the ethernet cables segment will capture the largest market share during the forecast period.
- Based on the application, the residential segment is expected to grow at a significant rate during the forecast period.
- Based on the passenger cars, the passenger cars segment is expected to capture the largest revenue share over the forecast period.
- Based on region, North America is expected to dominate the market during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Automotive Data Cables industry?
- What are the main driving factors propelling the Automotive Data Cables Market forward?
- What are the leading companies in the Automotive Data Cables Industry?
- What segments does the Automotive Data Cables Market cover?
- How can I receive a free copy of the Automotive Data Cables Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Cable Type, By Application, By Vehicle Type, and By Region Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
North America is expected to dominate the global automotive data cables market during the forecast period. The automotive market is driven by factors such as strong consumer demand for vehicles, economic stability, and technological advancements. The region has a well-established automotive industry and is home to major automakers. Factors such as rising disposable income, favorable financing options, and a focus on safety and innovation contribute to the growth of the automotive market in North America.
The Asia Pacific is expected to grow at the fastest rate during the forecast period. The Asia-Pacific region, particularly China and India, has been experiencing rapid growth in the automotive market. Key growth drivers include increasing disposable incomes, urbanization, infrastructure development, and a rising middle class. The demand for passenger cars, commercial vehicles, and electric vehicles is robust in this region. Additionally, government initiatives promoting clean and sustainable transportation contribute to the growth of the automotive market.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- In April 2023, TE Connectivity acquired Laird PLC's automotive connectivity business for USD 1.1 billion. This acquisition will give TE Connectivity a stronger position in the automotive data cables market, as Laird is a leading supplier of automotive connectivity solutions.
- In March 2023, Delphi Technologies PLC acquired Aptiv PLC's electrical and electronic architecture business for USD 1.35 billion. This acquisition will give Delphi Technologies a larger portfolio of automotive data cables and other electrical and electronic components.
- In February 2023, Yazaki Corporation acquired Sumitomo Electric Industries' automotive wire and cable business for USD 1.2 billion. This acquisition will give Yazaki a stronger position in the automotive data cables market, as Sumitomo Electric is a leading supplier of automotive wire and cable solutions.
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/automotive-data-cables-market
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