The global Automotive Cable Market is estimated to surpass $6.5 billion mark by 2026 growing at an estimated CAGR of more than 6.9% during the forecast period 2021 to 2026. Key drivers for automotive cable segment were the increase in the number of electronic components used in cars and the increase in demand for automotive safety systems. From the last decades the increasing use of electrical components in the engine and gearbox compartment is projected to increase demand for automotive cables over the forecast period. The installation of the multicore cables is very quick, they are highly flexible, and are easy to use and handle. So most of the automotive manufactures are preferring multicore cables for different applications.
- Assistance devices deal with critical situations semi-autonomously or alert the driver. Traction control, automatic stability control, collision warning and an alert for system safety or lane departure. Signal cables are required to operationally incorporate them into the vehicles.
- As the available space stays the same, miniaturization plays an important role on the one hand, and multi-function on the other.
- Many wires built in a vehicle and then, consider installing only one device that incorporates many cables. Installing a single unit is obviously very quick compared to multiple units. Moreover, this also reduces the risks of incorrect wiring possibilities.
Installation and Easy Handling Benefits
Data Transmission Issues
- Standard Motor Products is set to Acquire General Cable’s Automotive Ignition Wire Business. The acquisition will include the purchase of General Cable’s automotive ignition wire business in North America, as well as a subsidiary in Mexico.
- Automotive cable specialist Delfingen plans to acquire the European and African operations of Schlemmer, a German industrial group that specializes in cable protection and injection-molded parts for the automotive industry.