Data Bus Market is expected to reach US$ 25,258.0 Million by 2028, Globally, with a CAGR of 4.6% during 2021-2028 - Analysis 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 demand for new military aircraft is increasing as countries attempt to update their fleets and expand their capabilities, especially in Asia-Pacific, which is driving the data bus market. The Australian Army received the first two of four new Boeing CH-47F Chinook transport helicopters in July 2021. The P-8As are land-based antisubmarine and anti-surface ship planes built for intelligence, surveillance, and reconnaissance missions. Further, the Indian government authorized the proposal for procuring 56 C295 transport aircraft from Airbus Defence and Space, Spain, in September 2021. Airbus Defence and Space, Spain, has been awarded a contract to acquire the C 295MW cargo aircraft. China has added numerous new military aircraft to its inventory in the last five years. As a result of these purchases, the demand for data buses is increasing in the Asia Pacific.

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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 bus.

The List of Companies - Data Bus Market
1. Astronics Corporation
2. Amphenol Ltd.
3. Collins Aerospace
4. Data Device Corporation
5. Data Bus Products Corporation
6. Fujikura Ltd.
7. HUBER+SUHNER
8. Nexans
9. TE Connectivity
10. OCC

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