Automotive Cable and Cable Connector Market by Component (Cable and Cable Assemblies, Electronic and Mechanical Connectors, and Others), Vehicle Type (Passenger car, LCV. Buses and Trucks) and Region - Global Forecast to 2027
Cables, cable assemblies, and cable connectors play a vital role in the integration of various systems and subsystems of the automotive industry. The increasing electronic or electrical content in vehicles drives the growth of cables and cable connectors in the automotive industry. Lighter and smaller components, with reliable efficiency, are preferred by manufacturers to design highly efficient, standardized, as well as customized cables and cable connectors. Major players are investing heavily in R&D activities for technological advancements in the cables and cable connectors in automotive industry.
Europe is expected to contribute major share in the cable and cable connector market, however, Asia Pacific is likely to grow at the fastest rate during the forecast period. China is expected to be the key market in Asia Pacific region owing to fast paced growth in terms of electric vehicles, automotive production, and technological adoption. Amphenol, Axon Cable, TE Connectivity, Nexans are some of the leading players in automotive cable and cable connector market.
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Growth opportunities and latent adjacency in Automotive Cable and Cable Connector Market