Automotive Data Cables Market Trends

Growth Drivers

• Growing Adoption of Electric Vehicles Supports Automotive Data Cables Market Growth- It is impossible to overstate the significance of cables in the thousands of hours that power and data transfer across electric and hybrid cars requires. Mechanical stresses, heat requirements, chemical tolerances, EMI levels, and other factors must be considered when choosing and determining cable demands, though. The key technology for decarbonizing road transportation which contributes to almost 15% of global energy-related emissions is electric automobiles. The last few years have seen an exponential increase in the sales of electric cars because of their improved efficiency, increased range, and wider model availability. The IEA projects that by 2023, passenger electric cars will account for roughly 18% of all new car sales. Passenger electric vehicles are growing in popularity. In the anticipated year, there will likely be a rise in demand for automobile data connections due to the growing popularity of electric vehicles.

• Growing Demand for Autonomous and Connected Vehicle Technology- The way autonomous cars operate is by using lidar and other remote sensing technologies like radar, GPS, and cameras which generate and display a three-dimensional map of their environment. Road signs, traffic signals, pedestrians, other cars, and street infrastructure may all be seen on this three-dimensional map. As sensors provide ever-changing information about the car's surroundings, powerful computer systems analyze the data gathered and make decisions about how the vehicle should operate, continuously modifying the steering, braking, acceleration, and cruise control. Safety and support systems that are adept at navigating traffic are essential for self-driving cars. Both signal transmission and sensors are essential for this. There must be several functions and a redundant system for each system to serve as a backup.

• The Rising Popularity of Vehicle Telematics Presents A Significant Growth Opportunity- The field of vehicle telematics is interdisciplinary, combining knowledge from informatics, computer science, electrical engineering, telecommunications, and vehicular expertise to create a system that collects and interprets vehicle telematics data, ultimately enhancing the overall driver experience in terms of productivity and safety. GPS systems, wireless telematics devices, onboard diagnostics, and black box technologies are all used in automobile telematics to record and transfer vehicle data, such as location, speed, maintenance needs, and keep requirements, and then cross-reference this data with the internal performance of the vehicle. This data can be used for real-time analysis to improve commercial vehicle performance, lower expenses, and increase overall driver safety. Depending on the location in which the system will be installed, telematics typically requires a specific set of connections. These connectors have standardized pin layouts and buildings to enable interchange. The number of calculating requirements has increased as cars have evolved more progressively, combining more ECUs and sensor devices into vehicles.

Challenges

• Increased Cybersecurity Threats for Connected Vehicles Hinder Automotive Data Cables Market Growth- Automobile manufacturers and their distributors must consider the implications of linked automobiles for customer security and confidentiality, even though they present many options for consumers. Malicious hackers can exploit software exposures that arise as more connected cars crash into the road. They can do this by leveraging hardline connections, Wi-Fi, and cellular networks. The increasing interconnectedness of automotive components presents a distinct set of cybersecurity challenges for manufacturers. Cars are getting more and more linked, which allows them to gather data from many sources such as weather reports, security alerts, and the volume of extra traffic. Every stage of this data journey, from the engineering floor to the road, needs to be secured.
• Complicated car electrical components could impede automotive data cables market expansion.
• High CAN and CAN-FD cable costs could prevent the market from expanding.