"According to a market report by Lucintel, the future of the global data bus market looks promising with opportunities in the marine, commercial aviation, military aviation, and automotive markets. The global data bus market is expected to reach an estimated $27.7 billion by 2030 with a CAGR of 4.9% from 2024 to 2030. The major drivers for this market are growing demand for high-speed data transfer, increasing adoption of cloud computing, and rising demand for data centers.

A more than 150 – page report is developed to understand trends, opportunity and forecast in data bus market to 2030 by component (hardware and software), protocol (ARINC 429/629, CAN, TTP, AFDC/ARINC 664 , and MIL-STD-1553), end use (marine, commercial aviation, military aviation, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, hardware and software are the major segments of data bus market by component. Lucintel forecasts that hadrware will remain the larger segment over the forecast period due to the higher cost of hardware components, such as cables, connectors, and micro couplers.

Within this market, commercial aviation is expected to remain the largest segment due to the increasing demand for commercial aircraft.

APAC will remain the largest region during the forecast period due to the presence of major electronics manufacturers and increasing demand for data buses from the marine, military, aviation and automotive markets.

Amphenol, Collins Aerospace, Honeywell, Infineon Tech, Nexans, Parker Hannifin, Raytheon Tech, Safran, TE Connectivity, and The Boeing are the major suppliers in the data bus market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]