Data Bus Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Component (Hardware and Software); Protocol (Arinc 429/629, Mil-Std 1553, and Others); Application (Marine, Automotive, Commercial Aviation, and Military Aviation)); and Region/Country
Global Data Bus Market is expected to grow at a significant rate of around 4.5% during the forecast period. 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.
Astronics Corporation, Axon’ Cable, Collins Aerospace, Fujikura Ltd., HUBER+SUHNER, NEXANS, TE Connectivity, Amphenol LTD, Data Device Corporation, and OCC are some of the key players in the data bus market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst component, software data bus category is anticipated to witness higher CAGR during the forecast period”
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-694×4, Commercial Avionics Utilities (ARINC) – DD-42999S, LabVIEW Support Package – BU-69093, and BusTrACEr – BU-69066.
“Amongst protocol, the Arinc 429/629 segment to hold a significant share in the market in 2020”
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.
“Amongst application, the marine segment to hold a significant share in the market in 2020”
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.
“North America to hold a significant share in the data bus market”
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional and country-level analysis of the industry.
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|2.1.||Research Process of the Data Bus Market|
|2.2.||Research Methodology of the Data Bus Market|
|5||IMPACT OF COVID-19 ON THE DATA BUS MARKET|
|6||DATA BUS MARKET REVENUE (USD BN), 2020-2028F|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||DATA BUS MARKET OPPORTUNITIES|
|13||DATA BUS MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.9.||Data Device Corporation|
Research Methodology for the Data Bus Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global data bus market were the three major steps undertaken to create and analyze the adoption of the data bus in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global data bus market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the data bus market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the data bus market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, protocol, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the data bus market. Further, we conducted factor analysis using dependent and independent variables such as component, protocol, and application of data bus. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the data bus market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global data bus market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the data bus across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global data bus market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global data bus market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, protocol, and application in the global data bus market.
The main objective of the Global Data Bus Market Study
The current & future market trends of the global data bus market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the data bus market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the component, protocol, and application.
- Define and analysis of the regulatory framework for the data bus
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the data bus market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the data bus market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry