Automotive Data Cables Market Forecasts Study 2027 | Business Opportunities and Future Investments

By Ronak Bora

The automotive data cables market is set to grow from its current market value of more than USD 6 billion to over USD 9 billion. The constant influx of innovations and integrations across in-vehicle infotainment infrastructures will accelerate the automotive data cables market trends through the coming years. There is a surging requirement for reliable data connectivity and uninterrupted data transmission in automotive components like chipsets, telematics, and devices. This has led to increasing developments in advanced driving and V2V communication systems.
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Industry 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.
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.
Demand for automotive data cables in passenger vehicles is estimated to bring a significant revenue through 2027. This is owing to the rising penetration of advanced in-vehicle infotainment systems. To quote an instance, Denso Corporation, a leading auto manufacturer, collaborated with Blackberry Limited in September 2019 to launch an advanced digital cockpit system, called Human Machine Interface (HMI).
Application of automotive cables in the safety & ADAS sector could witness an exponential rise in the next few years. This can be attributed to the jump in the number of accidents and fatalities. This has pushed the automotive companies to incorporate advanced safety as well as ADAS systems into their vehicular offerings. There is an incessant need for high-speed data transmission platforms by these components to provide a rapid response from the vehicle systems. Furthermore, the adoption of robust data cables is assisting these enterprises to facilitate the effective functioning of the systems.
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    Market estimates and forecast, 2016 – 2027
7.4    Infotainment & communication
7.4.1    automotive data cables market estimates and forecast, 2016 – 2027
7.5    Safety & ADAS
7.5.1    Market estimates and forecast, 2016 – 2027
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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