Europe Data Bus Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Component (Hardware and Software), Protocol (Arinc 429/629, Mil-Std 1553, and Others), and Application (Marine, Automotive, Commercial Aviation, and Military Aviation)


No. of Pages: 132    |    Report Code: BMIRE00025009    |    Category: Electronics and Semiconductor

Europe Data Bus Market
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The Europe data bus market is expected to grow from US$ 4,653.67 million in 2021 to US$ 6,531.72 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

 

Automotive electronics—such as airbags, electronic fuel injection, infotainment systems, and electronic fuel injection—are primarily employed in automobiles to improve the overall feel and efficiency of vehicles. Radio, ignition, engine management, carputers, telematics, and in-car entertainment systems are other electronic-dependent components embedded in automobiles. Government restrictions and regulations are also contributing to the inclusion of an increasing number of electronics in vehicles. The demand for cutting-edge infotainment systems in automobiles is growing with a surge in the number of road accidents, which triggers safety concerns among people and drives their attention toward incorporating active safety systems in their automobiles. The demand for electronics in vehicles is likely to increase further with the growing trend of autonomy, and manufacturers’ emphasis on vehicle quality and security. As a result, consumers need to secure their data. Modern technologies such as Artificial Intelligence (AI) and Machine Learning (ML) that help automotive companies to automate many operations of their automobiles will have a significant impact on the automobile industry. Users may utilize AI and ML to verify the state of vehicles’ engines and monitor their temperature. Artificial intelligence also has the potential to improve consumer safety and security. Many third-party stakeholders in the automotive electronics market, such as Android and Google, are already working on solutions to improve the user experience in smart cars. Android Auto is allowing users to stay connected while driving. It can use voice commands for performing various tasks. Thus, the electrification of automobiles necessitates the use of data bus systems in these vehicles to enable faster communication between electronic devices and modules in vehicles while reducing the amount of wiring, thereby driving the market growth in Europe.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe data bus market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

 

Europe Data Bus Market Revenue and Forecast to 2028 (US$ Million) 

Europe Data Bus Market Revenue and Forecast to 2028 (US$ Million) 
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Europe Data Bus Strategic Insights

Strategic insights for the Europe Data Bus provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Data Bus Report Scope

Report Attribute Details
Market size in 2021 US$ 4,653.67 Million
Market Size by 2028 US$ 6,531.72 Million
Global CAGR (2021 - 2028) 5.0%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Component
  • Hardware
  • Software
By Protocol
  • Arinc 429/629
  • Mil-Std 1553
By Application
  • Marine
  • Automotive
  • Commercial Aviation
  • Military Aviation
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Amphenol Ltd.
  • Astronics Corporation
  • Collins Aerospace
  • Data Bus Products Corp.
  • Data Device Corporation
  • Fujikura Ltd.
  • HUBER+SUHNER
  • Nexans
  • TE Connectivity Corporation
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    Europe Data Bus Regional Insights

    The geographic scope of the Europe Data Bus refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Data Bus Market Segmentation 

           

    The Europe data bus market has been segmented and analyzed on the basis of component, protocol, application, and country. Based on component, the Europe data bus market is further segmented into hardware and software. The hardware segment dominated the Europe data bus market in 2020 and software segment is expected to be fastest growing during forecast period. On the basis of protocol, the Europe data bus market is segmented into ARINC 429/629, MIL–STD-1553, and others. The MIL–STD-1553 segment dominated the Europe data bus market in 2020 and ARINC 429/629 segment is expected to be fastest growing during forecast period. On the basis of application, the Europe data bus market is further segmented into automotive, marine, commercial aviation, and military aviation. The military aviation segment dominated the Europe data bus market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the Europe data bus market is segmented into the UK, Germany, France, Italy, Russia, and the rest of Europe.   

     

    Amphenol Ltd., Astronics Corporation, Collins Aerospace, Data Bus Products Corp., Data Device Corporation, Fujikura Ltd., HUBER+SUHNER, Nexans, and TE Connectivity Corporation are among the leading companies in the Europe data bus market.

    The List of Companies - Europe Data Bus Market

    1. Amphenol Ltd.
    2. Astronics Corporation
    3. Collins Aerospace
    4. Data Bus Products Corp.
    5. Data Device Corporation
    6. Fujikura Ltd.
    7. HUBER+SUHNER
    8. Nexans  
    9. TE Connectivity Corporation   
    Frequently Asked Questions
    How big is the Europe Data Bus Market?

    The Europe Data Bus Market is valued at US$ 4,653.67 Million in 2021, it is projected to reach US$ 6,531.72 Million by 2028.

    What is the CAGR for Europe Data Bus Market by (2021 - 2028)?

    As per our report Europe Data Bus Market, the market size is valued at US$ 4,653.67 Million in 2021, projecting it to reach US$ 6,531.72 Million by 2028. This translates to a CAGR of approximately 5.0% during the forecast period.

    What segments are covered in this report?

    The Europe Data Bus Market report typically cover these key segments-

    • Component (Hardware, Software)
    • Protocol (Arinc 429/629, Mil-Std 1553)
    • Application (Marine, Automotive, Commercial Aviation, Military Aviation)

    What is the historic period, base year, and forecast period taken for Europe Data Bus Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Data Bus Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Data Bus Market?

    The Europe Data Bus Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Amphenol Ltd.
  • Astronics Corporation
  • Collins Aerospace
  • Data Bus Products Corp.
  • Data Device Corporation
  • Fujikura Ltd.
  • HUBER+SUHNER
  • Nexans
  • TE Connectivity Corporation
  • Who should buy this report?

    The Europe Data Bus Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Data Bus Market value chain can benefit from the information contained in a comprehensive market report.

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