Data Bus Market: Projected growth with market trends, analysis and future estimation from 2021-2028
According to a new report published by UnivDatos Markets Insights, the Data Bus Market was valued at more than USD 18.5 billion in 2020 and is expected to grow at a CAGR of around 4.5% from 2022-2028. The analysis has been segmented into Component (Hardware and Software); Protocol (Arinc 429/629, Mil-Std 1553, and Others); Application (Marine, Automotive, Commercial Aviation, and Military Aviation); Region/Country.
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The Data Bus Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Data Bus Market. The Data Bus Market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Data Bus Market at the global and regional levels.
Market Overview
A data bus can be defined as a system within a device or computer, consisting of connectors, cables, or micro couplers, which help in the transportation of data. A data bus carries data to and from a computer’s memory, as well as in and out of the device’s engine. A few of the major factors contributing to the market growth are an increase in commercial aircraft deliveries, telematics, the need to reduce wiring in aircraft, data reliability and integrity, and the need to reduce swap specifications. Further, a few of the technological trends likely to impact the data bus market growth in the coming years are Fly-By-Optics, distributed architecture, Flexray as an emerging automotive protocol, and lightweight data bus cables, among others. Collins Aerospace is one of the leading companies offering lightweight data bus cables with low signal loss and superior electromagnetic interference or EMI shielding. Some of the major players operating in the market include Astronics Corporation, Axon' Cable, Collins Aerospace, Fujikura Ltd., HUBER+SUHNER, NEXANS, TE Connectivity, Amphenol LTD, Data Device Corporation, and OCC.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the electronics and semiconductor industry and has transformed the way data bus is delivered. The Data Bus Market has been significantly affected during these times owing to the shutdown of manufacturing plants and also the electronics and semiconductor supply chain was severely affected during the pandemic.
The global Data Bus Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on components, the market is segmented into hardware and software. The software segment is anticipated to grow at a higher CAGR during the forecast period, i.e., 2022-2028. A few of the leading companies offering data bus software packages are Data Device Corporation, Asaiki PTE LTD., etc. Easy-to-use and customizable software packages offered by key players are major factors propelling the growth of the software segment. For instance, the data bus software package offered by Data Device Corporation helps in accelerating development and deployment, eliminates the cost of learning and maintaining individual software programs, and supports all data protocols and I/O formats. The names of a few popular data bus software packages offered by Data Device Corporation are dataSIMS – BU-694x4, Commercial Avionics Utilities (ARINC) – DD-42999S, LabVIEW Support Package – BU-69093, and BusTrACEr – BU-69066.
· Based on protocol, the market is divided into Arinc 429/629, Mil-Std 1553, and Others. In 2020, the data bus market is anticipated to be led by the ARINC 429/629 category. These protocols are majorly used in applications, such as marine and aviation. Also, ARINC 429 is an upgraded version of ARINC 419. A few examples of ARINC 429 are USB/Ethernet, PCI Express, Mini PCIe, and Express Card, among others. Further, in ARINC 629 protocol, a fixed time slot is assigned to each terminal for transferring data to the bus. The others segment includes protocols such as MACAIR, AFDX/ARINC 664, TTP, and CAN.
· Based on application, the data bus market is segmented into Marine, Automotive, Commercial Aviation, and Military Aviation. The marine segment led the data bus market in 2020. The growth is majorly attributed to the technological advancement of obsolete military naval systems. Also, the data bus plays a vital role in the naval system by connecting onboard computers and sensors. Further, the data bus enhances the management of vessel performance in key areas such as emission control, fuel consumption, route optimization, energy management, and monitoring the health of the vessel's equipment. One of the leading companies offering data bus cables for marine applications is Helmacab Holland BV. The company offers different types of Optical and copper Fiber cables, designed for tough Marine areas demanding high-quality products.
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Data Bus Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America led the data bus market in 2020, majorly due to increased growth in the electric vehicle industry. For instance, in January 2021, due to worsening climate change and air pollution, General Motors announced that it will produce 100% all-electric by 2035 and will become compliant with the Biden Administration's tougher automotive emission standards and electric vehicle goals. Also, the late 2010s and early 2020s saw the increase of the electric-only brand “Tesla”, which became one of the most valuable automakers in the world by market capitalization in January 2020 and also manufactured more than half a million cars in 2020. All these factors are anticipated to enhance the demand for data buses in the automotive sector, thus, contributing to the growth of the data bus market. Further, a few of the leading market players operating in North America are Boeing, Amphenol Corporation, Optical Cable Corporation, Corning Inc., etc.
The major players targeting the market include:
· Astronics Corporation
· Axon' Cable
· Collins Aerospace
· Fujikura Ltd.
· HUBER+SUHNER
· NEXANS
· TE Connectivity
· Amphenol LTD
· Data Device Corporation
· OCC
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Data Bus Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Data Bus Market?
• Which factors are influencing the Data Bus Market over the forecast period?
• What are the global challenges, threats, and risks in the Data Bus Market?
• Which factors are propelling and restraining the Data Bus Market?
• What are the demanding global regions of the Data Bus Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE DATA BUS MARKET
6 DATA BUS MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY COMPONENT
8 MARKET INSIGHTS BY PROTOCOL
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 DATA BUS MARKET DYNAMICS
12 DATA BUS MARKET OPPORTUNITIES
13 DATA BUS MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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