PUBLISHER: Allied Market Research | PRODUCT CODE: 1225090
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225090
The global automotive data cables market was valued at $7 billion in 2021, and is projected to reach $20.2 billion million by 2031, growing at a CAGR of 11.7% from 2022 to 2031. Automotive data cable is known to have two or more insulated wires packed in one jacket. These are generally marked with letters and numbers to identify cables number and insulation types. A modern vehicle consists of numerous electronic applications.
High-end infotainment system usage and the complexity of in-vehicle electrical components are both rapidly expanding the market for automobile data connections. The rapid uptake of connected vehicles and government efforts to develop the infrastructure for smart vehicles are expanding the use of advanced automotive data cables and opening new market opportunities. Automotive services like engine management, passive safety systems, climate control, transmission control, antilock braking, and navigation now include a growing amount of electronics, which is fast moving sector towards hardware-oriented, data-driven strategy.
The key automotive data cables market leaders profiled in the report include ACOME Group, Belden Inc, Champlain Cable Corporation, Furukawa electric co., LTD, COFICAB Group, Condumex S.A. de C.V., Coroplast Fritz Muller GmbH & Co. KG, BorgWarner Inc., Gebauer & Griller, Prysmian Group, Sumitomo Electric Industries Ltd and Automotive Interconnect Solutions. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the automotive data cables market share during the forecast period.
The report includes the study of the automotive data cables market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
By Cable Type
By Vehicle Type
By Application
By Region