Automotive Data Cables Global Market Report 2024

The automotive data cables market size has grown rapidly in recent years. It will grow from $7.22 billion in 2023 to $8.1 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth observed in the historical period can be attributed to several factors, including the introduction of advanced automotive systems, the shift towards electric and hybrid vehicles, the increasing demand for in-vehicle connectivity, the implementation of regulatory standards enhancing vehicle safety, and the widespread adoption of advanced communication protocols within the automotive industry.

The automotive data cables market size is expected to see rapid growth in the next few years. It will grow to $12.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the upcoming period can be attributed to several factors, including the integration of augmented reality (AR) in vehicles, the increased demand for flexible and robust designs in automotive data cables, a focus on vehicle-to-everything (V2X) communication, the expansion of advanced driver assistance systems (ADAS), and the development of 5G connectivity in vehicles. Significant trends in this forecast period encompass high-speed and high-bandwidth data cables, next-generation data cables tailored for AI integration, the advent of flexible and versatile data cable designs, the introduction of modular and scalable cable solutions, and the emergence of smart data cables equipped with self-diagnostic capabilities.

The anticipated growth of the automotive data cable market is closely linked to the increasing adoption of electric and hybrid vehicles. Electric vehicles, powered by electric motors drawing energy from batteries, and hybrid vehicles, incorporating both battery-powered internal combustion engines and electric motors, have become prominent in the automotive landscape. These vehicles often feature advanced connectivity components such as vehicle-to-vehicle communication, telematics, and in-car entertainment systems, all relying on efficient data transfer through automotive data cables. In March 2022, the Department of Energy reported a substantial increase in sales of new light-duty hybrid electric vehicles, including all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), rising from 308,000 in 2020 to 608,000 in 2021. Notably, plug-in hybrid electric vehicle sales surged by 138%, and electric vehicle sales increased by 85% between 2020 and 2021. The robust adoption of electric and hybrid vehicles is a driving force behind the growth of the automotive data cable market.

The expansion of electric vehicle (EV) charging infrastructure is identified as another key factor propelling the growth of the automotive data cable market. Electric vehicle charging infrastructure encompasses a comprehensive network of charging stations and related facilities designed to meet the charging needs of electric cars. Automotive data cables play a crucial role in the communication and management systems within this infrastructure, ensuring a seamless and secure charging experience for electric vehicle users. According to the International Energy Agency, by the end of 2022, there will be a total of 2.7 million public charging points globally, with over 900,000 added in 2022 alone, representing a 55% increase over 2021. This expansion of EV charging infrastructure significantly contributes to the demand for automotive data cables, highlighting their integral role in supporting the growing electric vehicle ecosystem.

The automotive data cable market is witnessing a significant trend with the increasing popularity of product innovation. Major companies operating in this market are actively engaged in the development of innovative products to maintain their competitive positions. A notable example is Japan Aviation Electronics Industry Ltd., a Japan-based electrical company, which, in June 2022, introduced the MX74 Series. This high-quality, fast-performing connector aligns with the automotive Ethernet standard IEEE 100BASE-T1, contributing to the reduction of vehicle weight by collaborating with unshielded twisted pair (UTP) wires. The MX74 Series, offered as a separate connector for the socket side, reflects a commitment to product innovation, meeting the evolving demands of the automotive data cable market.

Major companies in the automotive data cable market are adopting a strategic partnership approach to leverage new options in coaxial wire recycling. Strategic partnerships involve companies utilizing each other's strengths and resources to achieve mutual benefits and success. Comcast Corporation, a US-based manufacturer of coaxial wires, exemplifies this strategy by announcing a partnership with Echo Environmental, a US-based recycling company, in February 2022. This partnership focuses on the utilization of an innovative recycling option for end-of-life coaxial cables. Echo Environmental's groundbreaking technology breaks down cables into raw materials, reducing landfill waste significantly. This approach transforms coaxial waste into new materials that can be reintroduced into the product lifecycle, aligning with circular economy principles. Comcast's commitment to continuous recycling and finding innovative solutions underscores the importance of strategic partnerships in fostering sustainability and environmental responsibility within the automotive data cable market.

In August 2021, Torque Capital Group, a US-based private equity firm, completed the acquisition of Cable Manufacturing and Assembly Inc. Although the financial details were undisclosed, this strategic acquisition provided Cable Manufacturing and Assembly Inc. with increased resources and support to fortify its market position and expedite its growth initiatives. The company specializes in producing cable products tailored for the automotive, marine, and power sports industries within the United States.

Major companies operating in the automotive data cables market report are Sumitomo Electric Industries Ltd,Prysmian Group, BorgWarner Inc., Furukawa Electric Co Ltd., Belden Inc., Gebauer And Griller, HUBER+SUHNER, COFICAB Group, ACOME Group, Axon Cable, UKB Electronics, Rosendahl Nextrome, Guangzhou ZhuJiang Cable Co. Ltd., Zhaolong Interconnect, Condumex S.A. de C.V., Champlain Cable Corporation, Sikora, Coroplast Fritz Müller GmbH & Co. KG, Waytek wire, Caledonian Cable, General Cable Technologies Corporation, KBE Elektrotechnik GmbH, LEONI AG, ITC Thermo Cable GmbH, Automotive Interconnect Solutions, Flexon Cables, Siechem, RR Kabel.

Asia-Pacific was the largest region in the automotive data cables market in 2023. The regions covered in the automotive data cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive data cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary variants of automotive data cables include controller area network (CAN), low voltage differential signaling (LVDS) or high-speed data (HSD), FlexRay, ethernet, controller area network flexible data rate (CAN-FD), and coaxial cables. Controller area network (CAN) is a digital serial communication protocol that facilitates interaction between a vehicle's microcontroller and its assorted peripheral devices. These cables find applications across different vehicle categories, encompassing passenger vehicles and commercial vehicles. They are deployed in crucial automotive systems such as safety and advanced driver-assistance systems (ADAS), body control and comfort functionalities, infotainment and communication systems, and powertrain operations.

The automotive data cables market research report is one of a series of new reports that provides automotive data cables market statistics, including automotive data cables industry global market size, regional shares, competitors with an automotive data cables market share, detailed automotive data cables market segments, market trends and opportunities, and any further data you may need to thrive in the automotive data cables industry. This automotive data cables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive data cables market consists of sales of general cables, heat-resistant cables, shield cables, and battery cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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