Automotive Data Cables Market Analysis and Forecast to 2032: By Cable (Controller Area Network, Controller Area Network Flexible Data-Rate, FlexRay, Ethernet, Low Voltage Differential Signaling/High Speed Data, Coaxial Cables), Vehicle (Passenger Vehicle,

Automotive Data Cables Market Analysis and Forecast to 2032: By Cable (Controller Area Network, Controller Area Network Flexible Data-Rate, FlexRay, Ethernet, Low Voltage Differential Signaling/High Speed Data, Coaxial Cables), Vehicle (Passenger Vehicle, Commercial Vehicle), Application (Powertrain, Body Control & Comfort, Infotainment & Communication, Safety & ADAS), and Region

The global automotive data cables market was valued at USD 7.0 billion in 2022 and it is anticipated to grow further till USD 20.0 billion by 2032, at a CAGR of 11.1% during the forecast period.

Automotive data cables are the type of cables that are used to transfer data. The increasing use of connected cars coupled with the increasing availability of smart vehicle infotainment system is boosting the demand for the automotive data cables market. Moreover, increasing popularity of autonomous vehicle is led to the increasing requirement of data cables, which is likely to influence the growth of the automotive data cables market.
Global Automotive Data Cables Market Scope and Report Structure
Market Trends and Drivers
The increasing contribution of electronic systems in passenger cars coupled with emergence of autonomous vehicles is anticipated to boost the growth of the market. Moreover, rise in sales of premium vehicles and growing popularity of vehicle telematics along with increasing role of data connectivity for in-vehicle infotainment and V2V communication is likely to refuel the growth of the market.
Market Restraints and Challenges
The increase in cybersecurity threats for connected vehicles coupled with rising complexities in automotive electronics architecture is anticipated to hinder the growth of the market.

Global Automotive Data Cables Market Segmental Overview
The global automotive data cables market is segmented into cable, vehicle, application, and region.

Global Automotive Data Cables Market by Cable

Based on the cables, it is segmented into controller area network, controller area network flexible data rate, flexray, ethernet, low voltage differential signaling/high speed data, and coaxial cables. The controller area network segment is anticipated to dominate the market during the forecast period. Similarly, ethernet segment is anticipated to witness the fastest growth during the forecast period.

Global Automotive Data Cables Market by Vehicle

Based on the vehicle, it is segmented into passenger vehicles, and commercial vehicles. The passenger vehicle segment is anticipated to dominate the market during the forecast period. Similarly, the commercial vehicle segment is anticipated to witness the fastest growth during the forecast period.

Global Automotive Data Cables Market by Application

Based on the application, it is segmented into powertrain, body control & comfort, infotainment & communication, safety & ADAS. The powertrain segment is anticipated to dominate the market during the forecast period. Similarly, infotainment & communication is expected to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Automotive Data Cables Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Automotive Data Cables Market
The key players studied in the report are ACOME Group, Aptiv PLC, Belden Incorporated, Coficab group, Condumex S.A. de C.V., Coroplast, Amphelone Corporation, General Cable Technologies Corporation, Furukawa Electric Industries Ltd., Champlain Cable Corporation, among others.
COVID-19 Impact
The COVID-19 pandemic had a detrimental effect on the sector because to delays in the production process and strict lockdowns that prohibited mobility. However, a drop in coronavirus incidence and a rise in consumer disposable income encouraged sales of passenger cars and the automotive industry as a whole, especially as it related to bettering vehicle connectivity. Additionally, businesses continued to invest heavily in challenging R&D initiatives, which increased demand for vehicle data connections.

For instance, well-known semiconductor maker NXP debuted CAN SIC technology in October 2021. This technology boosts possible data rates by actively enhancing the CAN signal, allowing CAN FD networks to function in larger, more complicated networks.
Recent Developments

July 2022, ZF introduced by wire technologies for future mobility. ZF steer-by-wire systems offers modern safety and comfort features, like autonomous emergency evasive maneuvers and parking in confined spaces.
March 2022, Horizon Europe granted USD 11.8 million to the research consortium ROADVIEW for solving challenging autonomous driving problems using AI.

Frequently Asked Questions
Q1. How big is the Automotive Data Cables market?

Ans. The global Automotive Data Cables market size was USD 7.0 billion in 2022 and it is anticipated to grow further till USD 20.0 billion by 2032, at a CAGR of 11.1% from 2023 to 2032.

Q2. What is the Automotive Data Cables market growth rate?

Ans. The growth rate of the Automotive Data Cables market is 11.1%.

Q3. Which region holds a major market share for the Automotive Data Cables market?

Ans. North America holds a major market share of the Automotive Data Cables market in 2022.

Q4. Which segment accounted for the largest Automotive Data Cables market share?

Ans. By application, the powertrain segment accounted for the largest Automotive Data Cables market share.

Q5. Who are the key players in the Automotive Data Cables market?

Ans. The global Automotive Data Cables market report includes players such as ACOME Group, Aptiv PLC, Belden Incorporated, Coficab group, Condumex S.A. de C.V., Coroplast, Amphelone Corporation, General Cable Technologies Corporation, Furukawa Electric Industries Ltd., Champlain Cable Corporation, among others.

Q6. What are the factors driving the Automotive Data Cables market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Automotive Data Cables market players?

Ans. The key growth strategies of Automotive Data Cables market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Automotive Data Cables market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Automotive Data Cables market during the forecast period.

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