Market Highlights

The Global Data Bus Market is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2028, from an estimated $17.9 billion in 2021 to US$ 20.9 billion in 2028.

Data Bus Market CAGR

2022-2028

CAGR OF

3.9%

Data Bus Market

We refer to the internal memory channel designed for data transport as the "data bus." Data transport is made possible via the internal connector known as a "data bus" in computers. Data buses are now found in many different configurations in hardware, including personal computers. Many industries, including the automotive, maritime, military, and commercial aviation sectors, regularly use the data bus. Continuous military aircraft modernization can reduce the risk of pilot error-related mishaps while simultaneously enhancing mission capabilities and situational awareness.

Tech companies are focusing more on in-demand technologies and developing creative methods to serve their clients, even as the COVID-19 crisis causes problems across industries and reduces high technology investment. Due to the outbreak, the majority of airlines have been forced to ground, orders in the backlog are being delayed, and requirements have decreased. There is currently less of a requirement for replacement parts because less maintenance is required. After the COVID-19 outbreak is managed, governments will require aircraft to support economic recovery, connect manufacturing hubs, and encourage tourism. The industry will consequently grow once again.

Data Bus Market

By Application

Marine

Commercial Aviation

Military Aviation

Automotive

The Market will Grow

At the CAGR of:

3.9%

The Forecast Market

Size for 2028 in USD:

$20.9B

Rising defense spending in developing countries is driving investments in modernizing the equipment of aging aircraft. In order to handle the ever-growing list of hazards and completely new mission objectives, there is an increasing need for technologically advanced military aircraft to replace conventional military aircraft due to technical challenges with various structures as well as issues with propulsion, connection, and other systems. Airlines with full connectivity can use real-time data to improve passenger experience, expedite flight deck operations, and reduce wait times.

As a result, as more aircraft manufacturers update their models to include network capabilities that enable in-flight connectivity, the requirement for data buses has grown. The rise of the aerospace and military sectors is expected to further drive the global data bus market's growth in the upcoming years. The adoption of both organic and inorganic growth tactics by military aviation, along with FlexRay protocols, is expected to accelerate the growth of the worldwide data bus market. Another reason propelling the global data bus market's growth is the presence of both military and commercial aircraft. The need for a single modular avionics system that integrates flight control, monitoring, navigation, air data, communications, and central maintenance systems with full duplex switching ethernet is another factor propelling the overall data bus market.
The need for a profitable business strategy for the major airline manufacturers is impacted by the rise in passenger volume. The purchase of airplanes, ground vehicles, and manned and unmanned helicopters, together with the updating of military aviation applications, are expected to facilitate the data bus market's global expansion. The data bus market's growth is significantly aided by these cables' durability and versatility as well as the growing need for new aircraft. High-frequency wires are utilized for radio data transfer and air traffic control during takeoff and landing. However, such cables have not yet gained widespread use. Furthermore, the business is hindered by the differing degrees of design intricacy and production expenses associated with advanced cables used for data transfer.

In recent years, the industry has received a number of directives and investments that should strengthen the data bus market as a whole. Among them are:
• At the close of 2019, Smart Sky Networks selected Gore's vapor-sealed 7 Series for their most current in-flight communication program, providing passengers with actual air-to-ground 4G LTE connectivity in an aircraft. In 2019, W.L. Gore & Associates also released the newest GORE Fiber Optic Cables, 1.8 mm Simplex with strong impact resistance for challenging airplane situations. This version is recognized to meet the rigorous new industry standards JN1177 and EN4641-301, meaning that high bandwidth data and video transmission over 10-Gb avionics networks can be maintained with greater reliability. Amphenol Borisch Technologies (ABT) also invested USD 3.7 million in Kentwood, Michigan, to expand its operations.

Market Segment Analysis

Data Bus Market

By Component

XX%

Connectors

Accessories

Micro couplers

Cables

17.9

Total Market Size

USD (Billion), 2022

3.9%

CAGR

2022 - 2028

The data bus market is segmented into AFDX/ARINC 429/629, CAN, TTP, ARINC 429/629, and MIL-STD-1553 protocols. The ARINC 429/629 category is expected to lead the data bus market in 2020. This growth can be attributed to the usage of these protocols in significant applications, namely in aviation and maritime, to attain high precision.
The maritime application segment is expected to lead the data bus market over the projected timeframe. Anticipated to hold the largest share of the data bus market is the upgrading of outdated military naval systems, which involves incorporating new technology into the existing naval systems. The data bus is an essential component of naval systems since it links all on-board computers and sensors.

Geographically speaking, North America is probably going to continue to dominate the Data Bus Market for the duration of the forecast period. The growth of the electric car industry has been facilitated by green initiatives and environmental regulations, which has also led to the expansion of the North American market. The goal of these expenditures is to strengthen the military's capacity for defense and surveillance.

Both the US and UK economies are contracting. The US government has drastically reduced defense spending. According to US Department of Defense estimates, the US paid for all of the world's defense expenditures in 2018 with the exception of USD 650 billion. As it recovers from an economic crisis, the European Union, along with the United States and the United Kingdom, is considering reducing its defense budget. The lifespan of a data bus is 35 to 45 years, after which it is refreshed.
Simultaneously, the Asia Pacific Data Bus Market is expected to grow at the greatest rate of compound annual growth (CAGR) over the projected period. Strong profitability and market expansion are also two positive trends in this area. The Middle East and South America are two emerging markets with reasonable growth rates. A protective measure is necessary to halt the demand for Data Bus in the Middle East and South America.

Data Bus Market

By Region

The Market will Grow

At the CAGR of:

3.9%

The Forecast Market

Size for 2028 in USD:

$20.9B

Key Players

Data Bus Market rivalry is fierce. The state of the sector and government assistance have a direct impact on the companies' growth. Based on their quality and level of penetration in both target and emerging areas, these organizations set themselves apart with their data bus. Additionally, a few recent large mergers and acquisitions in the sector have had a big impact on the competitive dynamics. For instance: • In 2021, Astronics Corporation will be introducing new protocol models for its Ballard ME1000 family of mPCIe avionics interface cards for embedded aircraft applications. The new versions contain ARINC 429 and ARINC 717 databus protocol interface capabilities, and they join the previously announced MIL-STD-1553 variations.

These mergers and acquisitions have had an impact on the competitive landscape as a whole. The following companies dominate the data bus market:
Volkswagen (Germany), Pipavav (India), TE Connectivity (Switzerland) 
Amphenol Corporations (USA), Fujikura Ltd. (Japan), Volvo (Sweden), Corning Inc. (USA), Airbus (France), Boeing (USA), Newport News Shipbuilding (USA), Lockheed Martin Corporation (US), Ball Corporation (US), Honeywell International Inc. (US), Maxar Technologies Ltd. (US), Mitsubishi Electric Corporation (Japan), Northrop Grumman Corporation (US), Sierra Nevada Corporation (US), and Thales Group (France).

Data Bus Market Scope: