Data Bus Market Size, Share & Global Industry Analysis by 2028

The Data Bus 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.

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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The List of Companies - Data Bus Market

Astronics Corporation
Amphenol Ltd.
Collins Aerospace
Data Device Corporation
Data Bus Products Corporation
Fujikura Ltd.
HUBER+SUHNER
Nexans
TE Connectivity
OCC

Impact of COVID-19 Pandemic on Data Bus Market

The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the aerospace industry was experiencing substantial growth in terms of production, despite huge backlogs from the aircraft manufacturers. The global aviation industry witnessed a significant rise in the number of passengers count and an increase in aircraft procurement.

Unfortunately, the COVID-19 outbreak decimated the demand for aircraft globally, which reflected significantly lower volumes of orders among the aircraft manufacturers, which resulted in a lower number of productions. The decline in production volumes adversely affected the businesses of various component manufacturers and associated technologies. Thus, the Data Bus Market players' businesses have been severely affected by destabilization in aircraft production.

According to the Electronic Components Industry Association (ECIA), the emergence of COVID-19 has highlighted delays in product releases, disruption in supply chain events, and other industrial activities. Several manufacturers have temporarily halted the manufacturing units, owing to lesser demand for the products as a result of lockdown measures and limited manufacturing resources. Additionally, the manufacturers of various electronic and semiconductor products, including data cables, have been experiencing a substantial delay in lead times, which has weakened the supply chain. This has had a negative impact on the Data Bus Market.

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Data Bus Market Insights
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 bus. 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.

Component-Based Market Insights

Based on component, the Data Bus Market is segmented into hardware and software. The hardware segment further comprises cables and connectors, assemblies/terminators, data bus couplers, interface cards/boards, and others.

Protocol-Based Market Insights

Based on protocol, the Data Bus Market is segmented as Arinc 429/629, Mil-Std 1553, and others. The protocol is the language that is utilized on an aviation data bus. Protocols are a set of formal rules and norms that regulate data exchange between systems. The protocol specifies the transmission and receipt of data on a bus. Also governed by protocol and its accompanying components are data collision prevention, integrity, and bus speed. The electrical and physical standards are defined via low-level protocols. Data formatting, including message syntax and format, is dealt with by high-level protocols.

Players operating in the Data Bus Market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2021, Astronics Corporation announced the launch of new protocol models for its Ballard ME1000 family of mPCIe avionics interface cards for embedded aerospace applications. The new models provide interfacing capability for ARINC 429 and ARINC 717 databus protocols, and join models for MIL-STD-1553 that were previously released.

The Data Bus Market has been segmented and analyzed based on component, protocol, and application. Based on component, the Data Bus Market is further segmented into hardware and software. In terms of protocol, the Data Bus Market is segmented into ARINC 429/629, MIL-STD-1553, and others. Based on application, the Data Bus Market is further segmented into automotive, marine, commercial aviation, and military aviation.

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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