Global Automotive Data Cables Report 2024: Market to Reach $19 Billion by 2036, Driven by Rising Influence of Telematics and Advancements in CV Technology [Yahoo! Finance]
Belden Inc (BDC)
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Source: Yahoo! Finance
The global automotive data cables market is set to undergo a significant expansion, expecting a steady compound annual growth rate (CAGR) of 6.49% from 2024 through 2036. Indications point to an increase in its market value from USD 9.0 billion in 2023 to an estimated USD 19.0 billion by the end of 2036. These projections signal strong market performance, underscored by technological advancements and evolving industry demands. Growth Drivers Factors propelling the market growth include the proliferating adoption of electric vehicles, advancements in product and connected vehicle technologies, and the rising influence of vehicle telematics. These elements contribute significantly to the upward trajectory anticipated in the global automotive data cables market. Market Segmentation The market is meticulously segregated by cable type, vehicle type, application, and geographical region. The passenger vehicles segment, under the vehicle type classification, is expected to achieve t
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BDC
Earnings
- 5/2/24 - Beat
BDC
Sec Filings
- 6/14/24 - Form 4
- 6/12/24 - Form 144
- 5/30/24 - Form SD
- BDC's page on the SEC website