Automotive Data Cables Market 2021-2027: Regional Revenue, Key Companies Growth & Trends Analysis

Global automotive data cables market is anticipated to depict a CAGR of 6% through 2027, having recorded a valuation of USD 6 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 9 billion.
Ongoing technological advancements in in-vehicle infotainment systems coupled with increasing integration of safety systems in vehicles is set to open lucrative growth opportunities for global automotive data cables market over the ensuing years. These systems require efficient and reliable data connectivity which is driving the adoption of automotive cable solutions. Besides, rising integration of advanced sensors, assistance and safety systems in vehicles is fueling the installation of high-speed vehicle data transmission systems.
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Several OEMs are deploying auto data cables to come up with component integrations to offer Car-to-X communication. This is because the cables can work with high bandwidth levels to integrate sensors and safety systems like cameras, LiDAR & radar. There is a noticeable rise in the integration of advanced sensors, as well as safety and assistance systems into the vehicle computers. Various public and private initiatives have also been formed to introduce autonomous vehicles with C-V2X infrastructure.
automotive data cables market share of Controller Area Network (CAN) cables is pegged to register a dominant revenue share over the next few years due to their continuous adoption in in-vehicle electronic networking solutions. There is a growing demand for connected electronic devices that work on point-to-point wiring systems.  Owing to this, the CAN cables are highly preferred by vehicle manufacturers to render seamless communication between microcontrollers and devices without the use of any host computer.
Automotive data cables are observing higher adoption in passenger vehicles owing to increasing installation of advanced in-vehicle infotainment systems in this vehicle segment. Quoting an instance, in 2019, automotive equipment manufacturer, Denso Corporation announced partnership with Blackberry Limited to jointly develop high-end Human Machine Interface (HMI) based cockpit system. Moreover, the ongoing trend of advanced in-vehicle experience is the major factor propelling the industry growth.
With increasing road accidents and casualties, automotive companies are focusing on incorporating advanced safety and ADAS systems in their vehicles. These systems require an efficient medium for high-speed data transmission to ensure quick response from vehicle systems. And in this regard, automotive data cables market are an inevitable component as they ensure efficient working of the overall safety & ADAS system.
North America is home to a significant automotive sector across the world and the region is likely to amass over 30% of the total industry share through 2027. The growth can be owed to the intense number of innovations as well as deployments pertaining to C-V2X technologies in the region.
For instance, the Virginia Department of Transportation in September 2020, joined hands with Qualcomm Technologies Inc. and Audi America to incorporate the C-V2X communication infrastructure across Virginia, U.S. On account of this, several enterprises across the country like Microsoft Corporation and Tesla Inc., are working towards the development of ADAS systems as well as autonomous vehicles. There is also a higher usage of electric vehicles across the region.
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Some Point from Table of Contents:
Chapter 6   Automotive Data Cables Market, By Vehicle Type
6.1    Key trends, by vehicle type
6.2    Passenger vehicles
6.2.1    Market estimates and forecast, 2016 – 2027
6.3    Commercial vehicles
6.3.1    Market estimates and forecast, 2016 – 2027
Chapter 7   Automotive Data Cables Market, By Application
7.1    Key trends, by application
7.2    Powertrain
7.2.1    Market estimates and forecast, 2016 – 2027
7.3    Body control & comfort
7.3.1    automotive data cables market estimates and forecast, 2016 – 2027
7.4    Infotainment & communication
7.4.1    Market estimates and forecast, 2016 – 2027
7.5    Safety & ADAS
7.5.1    Market estimates and forecast, 2016 – 2027
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