At CAGR of 4.6%, Data Bus Market is expected to grow from US$ 18,488.9 Million in 2021 to US$ 25,258.0 Million by 2028 - Exclusive Research by The Insight Partners

According to our latest market study on "Data Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software), Protocol (Arinc 429/629, Mil-Std 1553, and Others), and Application (Marine, Automotive, Commercial Aviation, and Military Aviation)," the market is expected to grow from US$ 18,488.9 million in 2021 to US$ 25,258.0 million by 2028; it is estimated to grow at a CAGR of 4.6% during 2021-2028.

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The term "data bus" refers to an internal pathway built for data transmission amid processors or memory. Over the years, numerous types of data buses have evolved to comply with various hardware devices such as data storage units and processors. Diverse types of data bus systems in personal computers and other hardware have evolved. Data bus systems are used in various applications, including marine, automotive, commercial aviation, and military applications. The continuous modernization of military aircraft can decrease the possibilities of mishaps resulting from errors introduced by pilots, enhance mission capacities, and increase comprehension of circumstances.

The growth of the data bus market is attributed to the increase in passenger car orders, rise in the number of aircraft deliveries, upgrade of naval and airborne programs, and a need to decrease swap specifications. The average life of a data bus ranges from 35 to 45 years, and after that, the systems need an upgrade. The long-life hampers the growth of the Data Bus Market as it reduces the chances of replacing the systems that are currently in use with the new ones.

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Ongoing Modernization in Military Aviation

Increasing military spending in emerging economies is driving investments in modernizing existing equipment in aging aircraft. Due to technical problems with various constructions, and issues with propulsion, connection, and other systems, there is a growing demand for technologically superior military aircraft to replace conventional military aircraft. To address the continuously rising number of threats and completely new mission requirements. Fully connected airlines, on the ground and in the air, may use real-time data to improve flight deck operations, reduce future timelines, and enhance customer experience. Thus, many aircraft manufacturers have upgraded their aircraft to include network capabilities that provide in-flight connectivity, which has propelled the demand for data buses.

The expansion of the aerospace & military sector is further likely to boost the global market growth in the coming years. The adoption of FlexRay protocols and organic and inorganic growth tactics in military aviation is expected to boost the growth of the global data bus market. The expansion of the global data bus market is further driven by commercial and military aircraft. The need for integration of full-duplex switching ethernet, monitoring systems, cockpit systems, flight control, navigation systems, air data systems, communications systems, and central maintenance systems into single modular avionics systems is also driving the Data Bus Market.

Data Bus Market: Competitive Landscape and Key Developments

Astronics Corporation, Collins Aerospace, Fujikura Ltd., HUBER+SUHNER, Nexans, TE Connectivity Corporation, Amphenol Ltd., Data Device Corporation, Data Bus Corporation, and OCC are the key Data Bus Market players considered for the research study. In addition, several other significant Data Bus Market players have been studied and analyzed in this research report to get a holistic view of the global Data Bus Market and its ecosystem.

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