Data Bus Market Size, Share, Growth Report 2032

Data Bus Market

Data Bus Market By Component (Hardware and Software), By Protocol (ARINC 429/629, CAN, TTP, AFDC/ARINC 664 and MIL-STD-1553), By Application (Marine, Commercial Aviation, Military Aviation, and Automotive) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Semiconductor & Electronics Report Format : PDF Pages: 219 Report Code: ZMR-1030 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 20.1 Billion USD 30.1 Billion 5.2% 2022

Industry Prospective:

The global data bus market size was worth around USD 20.1 Billion in 2022 and is predicted to grow to around USD 30.1 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030.

The data bus industry report analyzes the global data bus market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the data bus market.          

Global Data Bus Market SizeRequest Free Sample

Data Bus Market: Overview

A data bus can move data into and out of a computer's memory or the central processor unit (CPU), which serves as the "engine" of the device. Information may also be shared between two computers using a data bus. Higher bitrates may be handled by newer, broader data buses, and the quantity of data they can carry is referred to as bandwidth. A bus controller controls the rate of information flow between components. For instance, data from the CPU will always move at a significantly faster rate than data from other components. But in a computer, everything must move at the same pace, which is why there are bus controllers. Earlier, first-generation data buses connected computer memory to various peripheral devices using plain wire bundles without any kind of controller. Depending on how the data is transported, a data bus may function as a parallel or serial bus. In more complicated connections where more than one bit must be carried at once, a parallel bus is employed. Peripheral Component Interconnect (PCI) Express and Small Computer System Interface (SCSI) connections are two common instances.

Key Insights

  • As per the analysis shared by our research analyst, the global data bus market is estimated to grow annually at a CAGR of around 5.2% over the forecast period (2023-2030).
  • In terms of revenue, the global data bus market size was valued at around USD 20.1 billion in 2022 and is projected to reach USD 30.1 billion, by 2030.
  • The growing aviation industry is expected to drive data bus market growth over the forecast period.
  • Based on the component, the software segment is expected to grow at a significant rate over the forecast period.
  • Based on the protocol, the ARINC 429/629 segment is expected to capture the largest market share during the forecast period.
  • Based on the application, the marine segment is expected to dominate the market during the forecast period.
  • Based on region, North America is expected to dominate the market during the forecast period.

Global Data Bus MarketRequest Free Sample

Data Bus Market: Growth Drivers

The increasing automotive sector drives the market growth

The data buses are used in the automotive industry in vehicle radios, CD and DVD players, GPS navigation systems, and infotainment electronic control units. The increasing automotive production directly penetrates the demand for data buses as modern vehicles equipped with advanced technologies. For instance, according to the German Association of Automotive Industry, new registrations of vehicles reached up to 16,763 units in Europe, 37,467 units in Asia, 3080 units in South America, 17,421 units in North America, 12,733 units in Western Europe, and 5180 units in other regions worldwide in 2020. Thus, the growing automotive sector is expected to drive the growth of the global data bus market during the forecast period.

Data Bus Market: Restraints

The complexity and manufacturing cost of hi-tech cables are expected to hamper the market   

The complexity and manufacturing cost of hi-tech cables is expected to hamper the data bus industry growth over the forecast period. Initial setup costs of a fiber optic network might be high since it needs experienced technicians and specialized tools. Moreover, if the network is damaged, it becomes expensive to diagnose and fix issues. Thus, acting as a major restraint on market growth.

Data Bus Market: Opportunities

The increasing growth of commercial aircraft offers a lucrative opportunity

The increasing demand for data buses from commercial aircraft is expected to offer a lucrative opportunity for the development of the data bus market. For instance, the number of passengers transported by U.S. airlines in 2021 increased by 82.5% to 674 million, according to data from the Bureau of Transportation Statistics (BTS). International markets have recovered as a result of the United States opening its market to tourists who have received vaccinations. Thus, these facts support the market expansion during the forecast period.

Data Bus Market: Challenges

The frequent update in technology poses a major challenge to the market growth

The frequent update in the technology of the data bus is expected to pose a major challenge to the growth of the data bus industry during the forecast period.

Data Bus Market: Segmentation

The global data bus industry is segmented based on component, protocol, application, and region.

Based on the component, the global market is bifurcated into hardware and software. The software segment is expected to grow at a significant rate over the forecast period. Data Device Corporation, Asaiki PTE LTD., and others are a few of the top providers of software packages for data buses. The big players' configurable and user-friendly software packages are one of the main drivers of the software segment's growth. For instance, Data Device Corporation's data bus software package speeds up development and deployment reduces the expense of learning and maintaining separate software packages, and supports all data protocols and I/O formats. Among the well-known data bus software packages provided by Data Device Corporation are dataSIMS (BU-694), Commercial Avionics Utilities (ARINC) (DD-42999S), LabVIEW Support Package (BU-69093), and BusTrACEr (BU-69066). Thus, the increasing product launch and investment by the key players are expected to drive segment growth during the forecast period.

Based on the protocol, the global data bus industry is bifurcated into ARINC 429/629, CAN, TTP, AFDC/ARINC 664, and MIL-STD-1553. The ARINC 429/629 segment is expected to capture the largest market share during the forecast period. The ARINC 429 allows interoperability and co-existence of different parts of manufacturers. Moreover, the point-to-point data transmission bus, in which the transmitter wires up to one or more receivers, is governed by ARINC 429.

The physical, electrical, and protocol requirements are specified by the standard. Similarly, The ARINC 629 protocol is a time-based, collision-avoidance protocol in which each terminal is given a set time window during which it can access the bus and send data there. Each terminal will independently decide when the proper time slot is open and transmit the required data due to several control timers that are integrated into the bus interfaces. Thus, owing to these benefits the protocol is anticipated to rise in demand.

Based on the application, the market is divided into marine, commercial aviation, military aviation, and automotive. The marine segment is expected to dominate the market during the forecast period. The technical development of obsolete military and naval systems is largely responsible for the expansion. By connecting the onboard computers and sensors, the data bus also plays a crucial part in the naval system. The data bus also improves the management of vessel performance in crucial areas including pollution control, fuel consumption, route optimization, energy management, and monitoring the equipment's health. Helmacab Holland BV is among the top businesses that provide data bus cables for maritime applications. The company provides several types of copper and fiber optic cables that are built for harsh marine environments that need excellent products.

Recent Developments:

  • In January 2023, NXP Semiconductors recently inaugurated a new state-of-the-art Systems & Silicon Innovation lab at its campus in Bengaluru's Manyata Tech Park.

Data Bus Market: Report Scope

Report Attributes Report Details
Report Name Data Bus Market Research Report
Market Size in 2022 USD 20.1 Billion
Market Forecast in 2030 USD 30.1 Billion
Growth Rate CAGR of 5.2%
Number of Pages 219
Key Companies Covered Tibbo Systems, Unity Group, Oracle, Micross, TIBCO, NXP Semiconductors, TE Connectivity, Carlisle Interconnect Technologies, Analog Devices, Inc., EXEL, Amphenol Corporation, Fujikura Ltd., Esterline Technologies Corporation, Corning Inc., Rockwell Collins, Nexans SA, Astronics Corporation, Data Device Corporation, Optical Cable Corporation, and Huber+Suhner AG, among others.
Segments Covered By Component, By Protocol, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Data Bus Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to dominate the global data bus market over the forecast period. The growth in the region is attributed to the growing aircraft industry coupled with an increasing number of passengers. For instance, according to Airlines for America, in 2022, commercial aviation will contribute $1.25 trillion or 5% of the US GDP. Every day, American Airlines transport 25,000 people and 65,000 tons of cargo to and from more than 220 different countries on 2.3 million trips. Moreover, the United States spends the most on its armed forces, excluding commercial aviation.

The United States, which spends the most on defense in the world, accounting for 38% of all expenditures, boosted its military spending by about 2.9% in 2021 to reach USD 801 billion, according to the Stockholm International Peace Research Institute (SIPRI). As it prepares to replace its outdated fighter planes with more modern ones, the United States is anticipated to give stable growth in the military industry during the next ten years. Additionally, the USMC intends to purchase roughly 340 F-35B and 80 F-35C variants to replace the AV-8B Harrier II and the deteriorating F/A-18 Hornet aircraft. Thus, the aforementioned facts support the market growth during the forecast period.

The Asia Pacific region is expected to grow at the highest CAGR over the forecast period owing to the growing automotive industry. The automotive growth in the region is especially coming from the countries like China and India. China is the manufacturing hub for automobiles including passenger cars and commercial vehicles. By both yearly sales and manufacturing output, China continues to be the world's largest market for automobiles. By 2025, domestic production is anticipated to exceed 35 million automobiles. According to statistics from the Ministry of Industry and Information Technology, approximately 26 million vehicles, including 21.48 million passenger cars, were sold in 2021, an increase of 7.1% from the previous year. Sales of commercial vehicles totaled 4.79 million, a 6.6% decrease from 2020. Thus, the increasing sales of passenger cars are anticipated to rise the demand for data buses in the region.

Data Bus Market: Competitive Analysis

The global data bus market is dominated by players like:

  • Tibbo Systems
  • Unity Group
  • Oracle
  • Micross
  • TIBCO
  • NXP Semiconductors
  • TE Connectivity
  • Carlisle Interconnect Technologies
  • Analog Devices Inc.
  • EXEL
  • Amphenol Corporation
  • Fujikura Ltd.
  • Esterline Technologies Corporation
  • Corning Inc.
  • Rockwell Collins
  • Nexans SA
  • Astronics Corporation
  • Data Device Corporation
  • Optical Cable Corporation
  • Huber+Suhner AG
  • Among Others.

The global data bus market is segmented as follows:

By Component

  • Hardware
  • Software

By Protocol

  • ARINC 429/629
  • CAN
  • TTP
  • AFDC/ARINC 664
  • MIL-STD-1553

By Application

  • Marine
  • Commercial Aviation
  • Military Aviation
  • Automotive

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

A data bus is a connector present within the computer that enables transportation for data. Various kinds of buses have evolved into personal computers and other hardware. The data bus is extensively used in various applications such as automotive, marine, military aviation, and commercial aviation. Ongoing modernization of military aircraft may reduce the chances of accidents due to pilot error, and enhance mission capabilities and situational awareness.

Rise in the passenger traffic leads to the need for effective business models by major airline manufacturers. Hence new fuel-efficient aircraft have been introduced, which is anticipated to increase the demand for such aircraft globally. A330 neo-fuel-efficient aircraft are globally demanded in commercial aircraft, which in turn may foster the global data bus market. Modernization in the military aviation application and procurement of manned and unmanned helicopters, ground vehicles, and aircraft is anticipated to contribute to the growth of the global market soon.

According to the report, the global market size was worth around USD 20.1 billion in 2022 and is predicted to grow to around USD 30.1 billion by 2030.

The global data bus market is expected to grow at a CAGR of 5.2% during the forecast period.

The global data bus market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the growing aircraft industry along with an increasing number of passengers who travel by flight.

The global data bus market is dominated by players like Tibbo Systems, Unity Group, Oracle, Micross, TIBCO, NXP Semiconductors, TE Connectivity, Carlisle Interconnect Technologies, Analog Devices, Inc., EXEL, Amphenol Corporation, Fujikura Ltd., Esterline Technologies Corporation, Corning Inc., Rockwell Collins, Nexans SA, Astronics Corporation, Data Device Corporation, Optical Cable Corporation, and Huber+Suhner AG among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed