Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.1 Billion | USD 30.1 Billion | 5.2% | 2022 |
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.
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