A vehicular multi-camera vision system includes a plurality of cameras and an electronic control unit (ECU). The cameras are disposed at a vehicle and have respective fields of view exterior of the vehicle. The cameras are operable to capture image data. The cameras are connected with the ECU via respective coaxial cables. Each respective coaxial cable (i) carries captured image data from the respective camera to the ECU, (ii) carries camera control data from the ECU to the respective camera and (iii) connects a DC power supply of the ECU to the respective camera. The camera control data is carried by the respective coaxial cable from the ECU to the respective camera at a control data carrier frequency that is lower than an image data carrier frequency at which image data captured by the respective camera is carried by the respective coaxial cable from the respective camera to the ECU.