Europe Data Bus Market

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 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.

Europe Data Bus Market Strategic Insights

Europe Data Bus Market Segmentation Analysis

Europe Data Bus Market Report Highlights

Europe Data Bus Report Scope

Europe Data Bus Market Country and Regional Insights