The Data Bus Market was estimated at US$ 17.5 Billion in 2021 and is expected to grow at a CAGR of 4.3% during 2022-2028 to reach US$ ~21.3 billion in 2028.
The internal memory path created for data transfer is referred to as the "data bus." A computer's internal connector called a "data bus" enables the transfer of data. Data buses have grown into a variety of different forms in personal computers and other hardware. The data bus is frequently employed in numerous fields, including those of automotive, marine, military, and commercial aircraft. The likelihood of accidents caused by pilot error can be decreased through ongoing upgrading of military aircraft, which can also improve mission capability and situational awareness.
Even as the COVID-19 crisis causes issues across sectors and decreases high technology investment, tech companies are increasing their focus on high-demand technologies and coming up with innovative ways to service their customers. The epidemic has caused most airlines to be grounded, current backlog orders to be delayed, and decreased requirements. Since less maintenance is currently needed, there is also a decrease in the need for replacement parts. Governments will need aircraft to support economic recovery, link manufacturing centres, and promote tourism after the COVID-19 pandemic has been contained. As a result, the industry will expand once more.
Investments in updating outdated aircraft's equipment are being driven by rising military spending in emerging nations. There is an increasing need for technologically advanced military aircraft to replace traditional military aircraft because of technical challenges with various structures, as well as problems with propulsion, connection, and other systems. to deal with the constantly expanding list of hazards and entirely new mission objectives. Fully interconnected airlines may utilise real-time data to enhance customer experience, streamline operations in the flight deck, and shorten timeframes.
Thus, the need for data bus has increased because of several aircraft manufacturers upgrading their aircraft to add network capabilities that allow in-flight connection. In the next years, the growth of the worldwide market is projected to be further boosted by the expansion of the aerospace and military sectors. Military aviation's adoption of FlexRay protocols as well as organic and inorganic growth strategies is anticipated to accelerate the expansion of the global data bus market. Commercial and military aircraft are further factors driving the growth of the global data bus market. The industry is also being driven by the demand for full duplex switching ethernet, monitoring systems, cockpit systems, flight control, navigation systems, air data systems, communications systems, and central maintenance systems to be integrated into a single modular avionics system.
The requirement for the main airline manufacturers to have a successful business model is influenced by the increase in passenger volume. The acquisition of manned and unmanned helicopters, ground vehicles, and aeroplanes, as well as modernization of military aviation applications, are anticipated to support the expansion of the global market. The strength and adaptability of these cables, as well as the rising need for new aircraft, considerably boost the market's expansion. For radio data transfer and air traffic management during navigation and landing, high-frequency wires are used. Such cables have yet to be widely adopted, though. Additionally, the industry is hampered by the varied levels of design complexity and manufacturing costs related to high-tech cables utilised for data transmission.
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall Market. Some of them are:
- To give passengers a real air-to-ground 4G LTE connectivity in an aeroplane, Smart Sky Networks chose Gore's vapor-sealed 7 Series for their most recent inflight communication programme at the end of 2019. The newest GORE Fiber Optic Cables, 1.8 mm Simplex with high impact resistance for harsh aeroplane environments, were also released by W.L. Gore & Associates in 2019. The demanding new industry standards JN1177 and EN4641-301 are known to be met by this version, resulting in increased dependability while maintaining high bandwidth data and video transmission over 10-Gb avionics networks. Additionally, to expand its operations, Amphenol Borisch Technologies (ABT) spent USD 3.7 million in Kentwood, Michigan.
