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Automotive Data Cables Market Size

Report ID: GMI4924
Published Date: Oct 2022
Report Format: PDF

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Automotive Data Cables Market Size

Automotive Data Cables Market size valued at USD 7 billion in 2022 and is anticipated to grow at over 10% CAGR from 2023 to 2032

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The widespread incorporation of electronic systems in automobiles is likely to accelerate product penetration. Notably, the proliferation of connected vehicles and supportive government collaborations to improve infrastructure for connected vehicles via technologies, including Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I), is primed to fuel the deployment of electronic components in a vehicle, strengthening the automotive throttle cables market outlook.

Moreover, the majority of premium automobile companies operating in the market, such as Ford Motors, General Motors Company, Toyota Motor Corporation, Volkswagen AG, Audi AG, and Daimler AG, have been expanding their manufacturing facilities globally. This has increased sales of their premium and luxury vehicles.

Automotive Data Cables Market Report Attributes
Report Attribute	Details
Base Year:	2022
Automotive Data Cables Market Size in 2022:	USD 7 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 20 billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	279
Segments covered:	Cable, Vehicle, Application, and Region
Growth Drivers:	Increasing contribution of electronic systems in passenger cars Emergence of autonomous vehicles Rise in sales of premium vehicles Growing popularity of vehicle telematics Increasing role of data connectivity for in-vehicle infotainment and V2V communication
Pitfalls & Challenges:	Increase in cybersecurity threats for connected vehicles Rising complexities in automotive electronics architecture

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Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of automotive data cables surpassed USD 7 billion in revenue in 2022 and is set to progress at more than 10% CAGR through 2032 owing to rising demand for data vehicle connectivity and the mounting popularity of vehicle telematics.

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