As cited by the research report titled ‘Global Automotive Data Cables Market Size study, 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 Application (Powertrain, Body control & comfort, Infotainment & communication, Safety & ADAS), by Vehicle (Passenger vehicles, Commercial vehicles) and Regional Forecasts 2020-2027’, available with Market Study Report, global automotive data cables market was worth USD 5.7 billion in 2019 and is projected to grow with a CAGR of 6% over 2020-2027 to accumulate USD 9.1 billion by the end of study duration.
 

Advancements in technology, rising production & sales of automobiles as well as premium vehicles, coupled with integration of electronic systems in vehicles and increasing use of data connectivity for infotainment systems are the factors acting as drivers for the growth of global automotive data cables market.
 

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As stated by the OICA (Organisation Internationale des Constructeurs d'Automobiles), the production of passenger cars in Asia pacific, in 2018 was estimated 43.4 million units in comparison to 24.6 million units in 2008. Similarly, in America, the number of commercial vehicles manufactured went up from nearly 11 million units in 2017 to over 12 million units in 2018.
 

However, increasing complications in automotive electronic systems, along with rise in cybersecurity risks for connected vehicles will continue to act as major challenges for the worldwide automotive data cables market partakers over the subsequent years.
 

Based on cable type, global automotive data cables industry is categorized into controller area network (CAN), FlexRay, ethernet, controller area network flexible data-rate (CAN-FD), coaxial cables, and low voltage differential signaling/high speed data among others. While the application range includes powertrain, infotainment & communication, body control & comfort, and safety & ADAS including others. Speaking of vehicle type, the marketplace is divided into passenger vehicles, and commercial vehicles.
 

Geographically, Asia-Pacific is slated to be a major growth hub for the automotive data cables market over 2020-2027, owing to increasing government support for implementation of high speed data cables along with presence of business giants in the region. Additionally, increasing production of passenger vehicles along with favorable regulations for electric automotive in the developing countries like India and China are generating lucrative growth prospects for the market in Asia-Pacific region.
 

Key contenders in global automotive data cables industry include Gebauer & Griller Kabelwerke GmbH, Aptiv plc, Coroplast Fritz Müller GmbH & Co. KG, Condumex S.A. de C.V., Furukawa Electric Co. Ltd., COFICAB Group, Belden Incorporated, Amphenol Corporation, Champlain Cable Corporation, and ACOME.