Automotive_Data_Cables_Market

1. Analysis of Automotive Data Cables Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10% During 2023-2035 and Attain ~USD 20 Billion by 2035 Research Nester assesses the growth and market size of the global automotive data cables market which is anticipated to be on account of the increasing preference among people across the world for electric, hybrid, and lightweight vehicles. New York – June 01, 2023 - Research Nester’s recent market research analysis on “Automotive Data Cables Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global automotive data cables market in terms of market segmentation by vehicles, cable, application, and by region. Growing Demand for Automobile Industry with Rising Buyers to Promote Global Market Share of Automotive Data Cables The global automotive data cables market is estimated to grow majorly on account of the increasing demand for automobiles with rising disposable income. The vehicles sold across the world in 2022 was about 66 million and it is projected to reach 70 million by the end of 2023. The increasing automation of vehicles across the world with the implementation of internet connection is estimated to drive market growth in the coming years. Around the world, more than 237 million automobiles are connected as of 2021 and it is estimated that nearly 400 million automobiles are projected to be linked by the end of 2025. Growing demand for vehicle telematics with the installation of details such as vehicle location, traffic congestion, danger warnings, and others

2. is expected to hike the market expansion. The use of artificial intelligence in vehicles with the installation of sensors to avoid accidents, and parking issues, and promote self-driving options is estimated to hike the market growth during the forecast timeframe. Whereas, the automation of vehicles enhances the safety of drivers and other public reducing the dangers on the road. Some of the major growth factors and challenges that are associated with the growth of the global automotive data cables market are: Growth Drivers: Rising Fame for Connected Vehicles Increasing the Association of Automotive Electronic Control Units in the Automobiles Challenges: The increasing risk of cyber-attacks and the high cost of controller area network (CAN) and controller area network flexible data-rate (CAN-FD) cables are some of the major factors anticipated to hamper the global market size of automotive data cables. Also, the complexity of automotive electrical parts is estimated to hamper the market size. The presence of hackers that access the software with cellular networks, WiFi, or landline connections as automotive vehicles are connected to the internet and carry all the details of the owners. Further, the growing number of unauthorized access reports across the world from car networks collecting personal information causing financial loss and danger to the physical safety of the riders is limiting the market size expansion.

3. Access our detailed report at: https://www.researchnester.com/reports/automotive-data- cables-market/4732 By vehicles, the global automotive data cables market is segmented into passenger vehicles, and commercial vehicles. The passenger vehicles segment is estimated to garner noteworthy growth by the end of 2035. The increasing number of people adopting personal vehicles, and rising economic standards of people for comfort are driving the market growth around the world. The growing need for heavy and luxury vehicles and the rise of consumer preference for less expensive and more economical vehicles are poised to boost the market segment size. By region, the North American automotive data cables market is to generate substantial revenue by the end of 2035. The growing application of telematics in automobiles to decrease the use of oil consumption is expected to fuel the market value. The progression of the market is attributed to the rise in the penetration of the internet with the adoption of digitalization. Light-duty cars utilize about 40% of oil as of 2020 in the United States. In 2021, there are more than 84 million connected vehicles on the roads in America. The increasing research and development projects on heavy autonomous vehicles, the adoption of passenger vehicles with self-driving facilities, and the rising investment in hybrid vehicles are fueling the market share is likely to enhance the market size. Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report.

4. This report also provides the existing competitive scenario of some of the key players of the global automotive data cables market which includes company profiling of Furukawa electric co., LTD., Belden Inc., Champlain Cable Corporation, Prysmian Group, Condumex Incorporated, Coroplast Fritz Müller GmbH & Co. KG, BorgWarner Inc., COFICAB Group, NXP Semiconductors, Sumitomo Electric Industries Ltd., ACOME Groupee, and others. Request Report Sample@ https://www.researchnester.com/purchage/purchase_produc t.php?token=4732 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919