Global Data Bus Market is expected to foresee significant growth. North America to lead the growth!

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. Further, based on how the data is carried, the data bus can be categorized into the parallel bus and serial bus. The parallel data bus is used in complex connections where there is a need to carry more than one bit at a time. The transfer of Data is done on a large number of wires simultaneously. A few examples of parallel data buses include Small Computer System Interface (SCSI) connections and Peripheral Component Interconnect (PCI) Express. Further, in serial data buses, a single wire is used to send and receive data between various components and usually consists of a small number of wires. Thus, making it easier to use when compared to the parallel data bus connections. A few examples of a serial data bus include serial advanced technology attachment (SATA) connections and universal serial bus (USB).

The Data Bus Market is expected to grow at a steady rate of around 4.5% during the forecast period (2022-2028) majorly due to the increasing number of aircraft deliveries and rising demand for passenger cars. Major data bus market companies focus on organic growth strategies, such as product development and innovation, to sustain a competitive edge. For instance, 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 enhance the interfacing capability of ARINC 429 and ARINC 717 Data Bus protocols and join models for MIL-STD-1553 released previously. Similarly, in 2019, Data Device Corporation (DDC) released two new ultra-compact 1553 magnetics components which enable minimized package design and provide optimized system connectivity.

For a detailed analysis of the Global Data Bus Market browse through- https://univdatos.com/report/data-bus-market/

Based on components, the market is segmented into hardware and software. The hardware segment can be further categorized into cables, connectors, micro couplers, and accessories. The hardware segment led the market in 2022. Data bus hardware components help in the easy transportation of data with the help of connectors or a set of wires. However, the software segment is anticipated to grow at the highest 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.

Based on protocol, the market is divided into Arinc 429/629, Mil-Std 1553, and Others. In 2021, 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.

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 2021. The growth is majorly attributed to the technological advancement of obsolete military naval systems. Further, the data bus plays a vital role in the naval system by connecting onboard computers and sensors.

Request for a sample of the report browse through– https://univdatos.com/get-a-free-sample-form-php/?product_id=32027

For a better understanding of the market adoption of the data bus industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is likely to grow at a substantial growth rate during the forecast period. This is due to the presence of a large number of market players in the region, such as Fujikura Ltd., Sterlite Tech, Pipavav, etc. Adding to this, increased spending on military and defense is also anticipated to propel the market growth in the Asia Pacific region. China led the Asia Pacific market in the base year i.e., 2021. As China added numerous military aircraft to its inventory in the last five years. Thus, resulting in increased demand for data buses in the Asia Pacific region. Further, North America led the data bus market in 2021, due to increased growth in the electric car industry and the rising popularity of green initiatives. The US held the largest market share in the North American region, majorly due to the presence of key market players, such as Boeing, Amphenol Corporation, Optical Cable Corporation, Corning Inc., etc.

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. The market is diversified with a large number of global and regional market players.

For a detailed analysis of the Global Data Bus Market browse through- https://univdatos.com/report/data-bus-market/
Global Data Bus Market Segmentation

Market Insight, by Component

• Hardware
• Software

Market Insight, by Protocol

• Arinc 429/629
• Mil-Std 1553
• Others

Market Insight, by Application

• Marine
• Automotive• Commercial Aviation• Military Aviation

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Astronics Corporation
• Axon’ Cable• Collins Aerospace• Fujikura Ltd.• HUBER+SUHNER• NEXANS• TE Connectivity• Amphenol LTD• Data Device Corporation• OCC