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Automotive Data Cables Market Size 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), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Application (Powertrain, Body Control & Comfort), Infotainment & Communication, Safety & ADAS), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4924
  • Published Date: Jan 2021
  • Report Format: PDF

Industry Trends

Automotive Data Cables Market size exceeded USD 6 billion in 2020 and is poised to register gains at over 6% CAGR from 2021 to 2027. Increasing availability of smart vehicle infotainment systems and rising use of connected cars is likely to propel the industry growth. Connected cars are expected to increase from 10% of all vehicles on road in 2015 to 22% by 2020, accentuating the demand for automotive data cables. The popularity of autonomous vehicles has also spiked substantially, bringing automotive data cables into the mainstream.

Automotive data cables are used in applications such as vehicle lightings, signals, and instrument panel circuits. Their implementation has increased in recent years due to growing integration of electronics components in vehicles. The automotive data cables market is growing with wide applicability in powertrain, body control and comfort applications. 

Automotive Data Cables Market

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Automotive data cables have faced limited market traction amid the ongoing COVID-19 pandemic attributed to the halt of vehicle production facilities and reduced vehicle sales. As per the July 2020 press release by the Mobility Electronics Suppliers (MES), around 65% of automotive manufacturers were facing supply chain delays in automotive electronic systems. This has deterred the adoption of automotive data cables.

Rapid technology proliferation in automobile electronics to fuel market demand of automotive data cables

The automotive data cables market is witnessing rapid growth in the adoption of high-end infotainment systems and rising complexity of in-vehicle electronic components. The spike in adoption of connected vehicles and government initiatives to build infrastructure for smart vehicles are increasing the utilization of advanced automotive data cables, creating new avenues for market expansion.

The number of electronics in automotive functions, such as engine management, passive safety systems, climate control transmission control, antilock braking, and navigation, has increased rapidly, transforming the automotive industry toward a data-oriented hardware approach.

Rise in vehicle functionalities to spur growth of CAN-FD segment in Russia

In Russia, the CAN-FD cable type is projected to register gains of more than 9% CAGR through 2027, driven majorly by the increasing explosion in data volumes caused by sophisticated vehicle features. Traditional CAN automotive data cables pose a limit on network bandwidth, restricting data-producing features to 1 Mbit/s. CAN-FD cables are proving to be a profitable avenue for market growth, as they support dual bit rates and data bit-rates up to 5 Mbit/s.

The Russian automotive industry’s shift toward leveraging a combination of CAN and CAN-FD cables has also opened up new opportunities for automotive data cables market players.

An upward trend for in-vehicle connectivity to drive the passenger vehicle market in Argentina

Automotive Data Cables Market Size

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The passenger vehicle segment in Argentina is estimated to attain a CAGR of around 9% during 2021 to 2027 owing to the rising incorporation of new digital features in passenger cars and making them increasingly autonomous. As per data reported by Mentor Graphics, next generation passenger vehicles are poised to incorporate about 20 computing units, which will substantially amplify the market for automotive data cables.

The gradual transition of Argentine car owners toward leveraging ADAS features will also create new opportunities for market expansion. Automotive data cables are enabling passenger vehicle OEMs to improve driver safety and riding experience whilst providing robust data connectivity.

Spike in smartphone assisted features augmenting the infotainment system growth in South Korea

South Korea Automotive Data Cables Market

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South Korea automotive data cables market from infotainment and communications segment captured more than 25% share in 2020. The in-car infotainment systems provide excellent entertainment facilities, such as audio and video, and offer advanced technologies, such as GPS and vehicle parking system, that can assist the driver. As the level of data required for infotainment systems approaches industrial levels, the Korean automotive market is turning toward modern, high-speed automotive data cables that can handle the significant power and data requirements.

Flourishing automobile production and rise of connected vehicles to fuel Asia Pacific industry demand

Asia Pacific Automotive Data Cables Market Share

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Asia Pacific held a significant portion of above 40% of the automotive data cables share in 2020. The regional market is characterized by an increased demand for high-speed data cables impelled by rising vehicle production in regional automotive hubs. For instance, in 2019, China accounted for nearly 28% of the global car production. The increase in the number of connected cars and expansion of leading OEMs are the major factors contributing to market growth.

The region also has a favorable market regulatory framework for electric vehicles and alternate fuel automotive. In 2019, the regional electric vehicle market accounted for 1.03 million electric vehicle sales, compared to 4.8 million electric vehicles worldwide. OEMs are deploying electronic circuits with high data requirements to ensure smooth functionating of connected and electrified powertrains, which is set to strengthen the market foothold of automotive data cables in the region.

Acquisitions and portfolio expansion to be the major strategic initiatives across automotive data cable vendors

The automotive data cables market is highly fragmented with the presence of several large-scale players and a multitude of regional and local vendors. The ethernet and CAN-FD sub-markets are increasingly picking up pace, and major OEMs are partnering with automotive data cable vendors to provide enhanced security and data connectivity in connected vehicles.

Leading automotive data cable suppliers are cornering on acquiring marginal players to broaden their portfolio and increase market outreach. The acquisition of OTN Systems N.V. by Belden in January 2021 and the acquisition of MTS Systems Corporation by Amphenol in December 2020 were the latest developments highlighting the strategy.

Some of the prominent automotive data cables market players are ACOME Group, Amphenol Corporation, Belden Incorporated, Champlain Cable Corporation, Coficab Group, Condumex S.A. de C.V., Coroplast Fritz Muller GmbH & Co. KG, Delphi Automotive PLC, Furukawa Electric Industries Ltd., Gebauer & Griller Kabelwerke GesmbH (GG Group), General Cable Technologies Corporation, HUBER+SUHNER AG, ITC Thermo Cable GmbH, Lear Corporation, Leoni AG, Prysmian Group, SALCAVI S.p.A., Sampsistemi S.r.l, Sumitomo Electric Industries, Waytek, Inc., and Yazaki Corporation.

This market research report on automotive data cables includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By 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

Market, By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Market, By Application

  • Powertrain
  • Body Control & Comfort
  • Infotainment & Communication
  • Safety & ADAS

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • ANZ
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The global market for automotive data cables had reached USD 6 billion in 2020 and will register more than 6% CAGR through 2027 with higher availability of smart infotainment systems.

The market size in Russia from controller area network flexible data-rate (CAN-FD) segment is expected to witness around 9% CAGR between 2021-2027.

The Argentina market share from passenger vehicles segment is anticipated to expand at 9% CAGR through 2027 with increased access to new digital features and autonomous capabilities.

Over 25% of the automotive data cables sector in South Korea was held by infotainment & communications segment in 2020 as high levels of data are now required for the systems.

APAC automotive data cables industry had accounted for more than 40% of the global share during 2020 with consistent rise in vehicle production.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 21
  • Tables & Figures: 256
  • Countries covered: 19
  • Pages: 250

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