Global Automotive Data Cables Market, By Cable Type (Controller Area Network {CAN}, Controller Area Network Flexible Data-Rate {CAN-FD}, FlexRay, Ethernet, Low Voltage Differential Signaling (LVDS)/High Speed Data (HSD), Coaxial Cables), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Application (Powertrain, Body Control & Comfort, Infotainment & Communication, Safety & ADAS), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Data Cables Market
The automotive data cables market is expected to witness market growth at a rate of 6.20% in the forecast period of 2021 to 2028 and is expected to reach USD 10,082.65 million by 2028. Data Bridge Market Research report on automotive data cables market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the use of connected cars is escalating the growth of automotive data cables market.
A 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. In these automotive electronic applications, various types of automotive cables are utilized such as flat sheathed cables, round sheathed cables, and hybrid sheathed cables in accordance with the requirement and functions these types.
The rise in demand for efficiency and lower energy consumption in modern vehicles coupled with compact design, increasing the need of automotive cables as they are capable of withstanding high temperatures in the engine acts as one of the major factors driving the growth of automotive data cables market. The rise in concerns with the high temperature in the engine compartment and increasing demand for this vehicle as they are known to resist against fuels, battery acid and cleaning agents accelerates the automotive data cables market growth. The increase in consumption of electric vehicles, the implementation of stringent emission norms and green transportation initiatives by regulatory authorities further influence the automotive data cables market. Additionally, high production and sales of vehicles, high usage in the production of electric cars, change in consumer preference, urbanization and surge in disposable income positively affect the automotive data cables market. Furthermore, issue of distribution of electrical energy in electric and hybrid vehicle and emergence of new technologies such as parking sensors, lighting, Bluetooth and navigation extend profitable opportunities to the automotive data cables market players in the forecast period of 2021 to 2028.
On the other hand, continuous development and up-gradation in the manufacturing technology of the cables is expected to obstruct the automotive data cables market growth. The negative impact of COVID-19 on automotive sector among others is projected to challenge the automotive data cables market in the forecast period of 2021-2028.
This automotive data cables market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive data cables market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Data Cables Market Scope and Market Size
The automotive data cables market is segmented on the basis of cable type, vehicle type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of cable type, the automotive data cables market is segmented into controller area network (CAN) controller area network flexible data-rate (CAN-FD), flexray, ethernet, low voltage differential signaling (LVDS) /high speed data (HSD) and coaxial cables.
- On the basis of vehicle type, the automotive data cables market is segmented into passenger vehicles and commercial vehicles.
- On the basis of application, the automotive data cables market is segmented into powertrain, body control & comfort, infotainment & communication and safety & ADAS.
Global Automotive Data Cables Market Country Level Analysis
The automotive data cables market is analyzed and market size, volume information is provided by country, cable type, vehicle type and application as referenced above.
The countries covered in the global automotive data cables market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive data cables market because of the rising vehicle production, increase in the number of connected cars, favorable market regulatory framework for electric vehicles, high deployment of electronic circuits to ensure smooth functioning of connected and electrified powertrains and expansion of leading OEMs in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Data Cables Market Share Analysis
The automotive data cables market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive data cables market.
The major players covered in the automotive data cables market report are ACOME, Amphenol Corporation, Belden Inc., Champlain Cable Corporation, COFICAB, Condumex S.A. de C.V., Coroplast Fritz Müller GmbH & Co. KG, BorgWarner Inc., FURUKAWA ELECTRIC CO., LTD., Gebauer & Griller, neral Cable Technologies Corporation, HUBER+SUHNER, ITC Thermo Cable GmbH, Lear Corporation, Leoni, Prysmian Group, Salcavi Industrie, SAMPSISTEMI, Sumitomo Electric Industries, Ltd, Waytek, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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