Data Bus Market Predicted Double-Digit Growth Rate by 2024

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Sarasota, FL — 11/16/2017 — Global Data Bus Market: Overview

A data bus is a connector present within the computer that enables transportation for data. Various kinds of buses have evolved in 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's error, and enhance mission capabilities and situational awareness.

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Global Data Bus Market: Growth Factors

Rise in the passenger traffic leads to the need for effective business model by major airline manufacturers. Hence new fuel-efficient aircraft has been introduced, which is anticipated to increase the demand for such aircraft globally. A330 neo fuel-efficient aircraft are globally demanded in the 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 in the near future.

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Global Data Bus Market: Segmentation

The global data bus market is fragmented based on the applications as commercial aviation, military, and automotive. On the basis of protocol segment, the global market is classified as AFDX, CAN, MIL-STD, TTP, and ARINC 429/629. Of these, ARINC 429/629 segment is the dominating segment across the world; this protocol is majorly used in the commercial aircraft such as Airbus A310, A340, A320, A330, Boeing 727, 747, 737, and other logistics aircraft. Many aircraft manufacturers prefer ARINC 429/629 protocol due to its high reliability, cost effectiveness, and lowest process time. The global data bus market is further divided based on the component as cables, accessories, micro couplers, and connectors.

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Global Data Bus Market: Regional Analysis

Geographically, the global data bus market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific accounted for the largest market share in the global market. However, growth in the aerospace & defense sector in this region may further boost the global market growth. Increasing use of the FlexRay protocols and acceptance of organic and inorganic growth strategies in this region is projected to propel the global data bus market growth. Rising automotive industries in North America is anticipated to propel the global market growth in the future. North America is the major producer of data bus and advancements in data bus positively impact the global market growth. In addition, expansion of commercial and military aviation in this region also boosts the global data bus market. However, economic development and automotive industries in this region are further expected to boost the global market growth.

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Global Data Bus Market: Competitive Players

Major players in the global data bus market are Data Device Corporation, TE Connectivity, Belkin International, Arinc Inc., Ballard Technology, Amphenol International, Fujikura Ltd, and OptRockwell Collins, ical Cable Corporation. Other players include Nexans Hellas SA, Corning, Fujikura, Fairchild Semiconductor International, Optical Cable Corporation, Molex, and Huber + Suhner.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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