The Automotive Data Cables Global Market Report 2023, provides comprehensive information on the automotive data cables market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Data Cables Global Market Report 2023, the global automotive data cables market is expected to grow from $6.42 billion in 2022 to $7.22 billion in 2023 at a compound annual growth rate (CAGR) of 12..4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive data cables market is expected to reach $11.01 billion in 2027 at a CAGR of 11.1%.
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The automotive data cable market is witnessing a surge in product innovation as leading companies strive to solidify their market presence. Japan Aviation Electronics Industry Ltd. introduced the MX74 Series in June 2022—a high-performance connector complying with the automotive Ethernet standard IEEE 100BASE-T1. This innovative product facilitates vehicle weight reduction by utilizing unshielded twisted pair (UTP) wires, serving as a separate connector for the socket side.
Amidst market competition, significant strides in the automotive data cable sector are driven by pioneering developments. Japan Aviation Electronics Industry Ltd.’s MX74 Series launch embodies this trend, delivering a cutting-edge connector aligned with IEEE 100BASE-T1 standards. Its design leveraging UTP wires not only ensures high performance but also contributes to lighter vehicle structures, reflecting the market’s growing emphasis on innovation and efficiency.
The automotive data cables market is segmented:
1) By Cable: Controller Area Network (CAN), Low Voltage Differential Signaling (LVDS) Or High Speed Data (HSD), FlexRay, Ethernet, Controller Area Network Flexible Data-Rate (CAN-FD), Coaxial Cables
2) By Vehicle: Passenger Vehicles, Commercial Vehicles
3) By Application: Safety And Advanced Driver-Assistance Systems (ADAS), Body Control And Comfort, Infotainment And Communication, Powertrain
Asia-Pacificwas the largest region in the automotive data cables market in 2022.
The table of contents in TBRC’s automotive data cables market report includes:
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