Automotive Data Cables Market With Geographic Segmentation, Statistical Forecast And Competitive Analysis Report To 2027
The global automotive data cable market is expected to gain significant traction in the forthcoming years. The market growth will be primarily driven by the increasing integration of electronics systems and components in vehicles. The recent years have witnessed growing implementation of in-vehicle navigation systems, infotainment systems, communication systems, and advanced driver assistance systems (ADAS), creating a substantial demand for data cables.
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The different types of data cables used in automotive applications include coaxial cables, ethernet, CAN, CAN-FD, LVDS/HSD, and FlexRay. The demand for flexray cables is estimated to rise at a CAGR of over 3.3% through 2027. However, they are being gradually replaced by alternatives such as ethernet cables, which may limit their demand slightly.
In September 2019, Molex LLC, a leading manufacturer of high speed connectivity solutions, had unveiled a range of multi gigabit technologies for autonomous and connected vehicles designed to maintain fast, secure, and seamless data flow within vehicles while enabling delivery to the cloud. The company's innovative 10 Gbps Automotive Ethernet Network Platform also includes interconnect cabling solutions such as FlexRay to deliver a complete vehicle ecosystem.
Coaxial cables accounted for more than 9% revenue share of the global automotive data cable industry in 2020 and are anticipated to witness a notable demand over the next few years. Coaxial cables are typically used in vehicle radio systems. The replacement of conventional vehicle radio systems with newer technologies such as infotainment systems may restrict their adoption to some extent.
Meanwhile, the adoption of LVDS/HSD cables is projected to increase at a steady CAGR of 6% up to 2027. These cables are being increasingly used in applications that require seamless transmission of high bit rate data.
Data cables are used in a range of automotive applications including powertrain, infotainment & communication, body control & comfort, and safety & ADAS. The automotive data cable market share from body control and comfort application segment is likely to grow at a healthy CAGR of more than 7% through the forecast timeframe. This growth can be mainly attributed to the increasing popularity of touch based controls in vehicles.
The automotive data cables industry in Latin America is expected to expand at a robust CAGR of nearly 6% up to 2027. The regional market trends can be contributed to the growing car production in Brazil and Mexico. Strong economic development and increased disposable income levels of consumers have increased the demand for vehicles considerably. The growing adoption of vehicles will certainly boost the regional vehicle production in the coming years, bolstering the regional market outlook.
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The Middle East and Africa region had accounted for around 3% share of the automotive data cables market in terms of revenue during 2020. The regional market is anticipated to show similar trends in the near future due to limited vehicle production and slow aftermarket sales, leading to a weakened product demand.
Table of Contents of the Report (TOC):
Chapter 4 Competitive Landscape,
4.1 Introduction
4.2 Company market share, 2020
4.2.1 Competitive analysis of major automotive data cables providers, 2020
4.2.1.1 Coficab group
4.2.1.2 Delphi Automotive PLC
4.2.1.3 Furukawa Electric Industries Ltd.
4.2.1.4 Leoni AG
4.2.1.5 Yazaki Corporation
4.2.2 Competitive analysis of innovative players, 2020
4.2.2.1 Condumex S.A. de C.V
4.2.2.2 Coroplast Fritz Müller GmbH & Co. KG
4.2.2.3 General Cable Technologies Corporation
4.2.2.4 Lear Corporation
4.2.2.5 Prysmian Group
Chapter 5 Automotive Data Cables Market, By Cable
5.1 Key trends, by cable type
5.2 Controller Area Network (CAN)
5.2.1 Market estimates and forecast, 2016 – 2027
5.3 Controller Area Network Flexible Data-Rate (CAN-FD)
5.3.1 Market estimates and forecast, 2016 – 2027
5.4 FlexRay
5.4.1 Market estimates and forecast, 2016 – 2027
5.5 Ethernet
5.5.1 Market estimates and forecast, 2016 – 2027
5.6 Low Voltage Differential Signaling (LVDS)/High Speed Data (HSD)
5.6.1 Market estimates and forecast, 2016 – 2027
5.7 Coaxial cables
5.7.1 Market estimates and forecast, 2016 – 2027
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
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About Author
Rahul Varpe
Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...