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Automotive Data cable transmits signals and data between different vehicle components and systems. The components include the engine, powertrain, sensors, displays, and electronic modules. Different types of data cables are used in vehicles, like flat ribbon cables, twisted pair cables, shielded EMI cables, and co-axial cables. The automotive industry is witnessing a rapid shift towards electrification, with the rising adoption of electric and hybrid vehicles (EVs). These vehicles require sophisticated data cables to transmit high-voltage power and communicate between various electrical components.
The automotive data cables market has grown significantly due to the rapid adoption of advanced driver assistance systems, drivetrains, and electric powertrains. The market is expected to grow owing to increased safety regulations and the shift towards connected vehicles. Recently, Leoni AG opened its new production facilities in China and Mexico to increase the production rate and have a stronghold in the global automotive data cable market.
The COVID-19 pandemic caused disruptions in the global logistics and transportation networks. Restrictions on movement reduced air cargo capacity, and delays at ports and border crossings led to bottlenecks in the supply chain, affecting the timely delivery of raw materials, components, and finished products, including automotive data cables. Post COVID-19 changes in government regulations for the automotive sector helped boost the production of CAN-FD and CAN data cables. This increased demand for vehicle cables communicating with high-performance ADAS, ABS, and electronic control systems. The data cable market has grown as the automotive industry bounces back. As technology comes up and more cars are equipped with safety systems and new technological advancements are introduced, high-speed and efficient data cable demand will increase, driving future growth for automotive data cable manufacturers.
The report will cover the following key insights:
The passenger cars segment is expected to boost the market growth. It is likely to grow due to factors such as increased use of electronic communication, entertainment, and security systems. Electric vehicles' growing popularity is also contributing to market growth, as these vehicles require more advanced high-data-rate cables to support high-voltage powertrains. As passenger car production and sales increase, there is a corresponding increase in the demand for automotive data cables to support the expanding electronic systems and connectivity features in these vehicles.
The automotive data cable market can be analyzed based on OEM and aftermarket. OEM systems are installed during the production and assembly of the vehicle; these systems are produced by major players in the market and supplied to automotive manufacturers for direct installation. Suppliers with long-term contracts with manufacturers dominate the OEM market; this segment is highly competitive and requires a high level of technical expertise for manufacturing. The growing demand for electric vehicles (EVs) drives the need for specialized data cables in OEM applications. EVs require data cables capable of handling high-voltage power transmission, battery management systems, motor controllers, and charging infrastructure.
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The Asia Pacific region has shown significant growth in the acceptance of electric vehicles (EVs) and hybrid vehicles. Governments like China and Japan have implemented supportive policies and incentives to promote EV adoption. EVs require specialized data cables to support high-voltage power transmission, battery management systems, motor controllers, and charging infrastructure. The demand for automotive data cables in the Asia Pacific region is likely to grow as the automotive industry expands, technology advancements continue, and the adoption of electric vehicles increases. Data cable manufacturers are focusing on catering to the specific requirements and needs of the Asia Pacific market to meet the growing demand. This region also has major OEM manufacturers and suppliers of automotive data cables, which drive OEM Automotive communication technology growth. Also rise in EVs and Hybrids and increased implementation of the ADAS system will be a factor in the development of this region.
TE Connectivity Ltd. (Switzerland), Yazaki Corporation (Japan), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co. Ltd. (Japan), Leoni AG (Germany), Nexans SA (France), Prysmian Group (Italy), Draka Holdings BV (Netherlands), Belden Inc. (US)
By Vehicle Type | By Cable Type | By Application | By Sales Channel | By Region |
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