The global data bus market is estimated to be at $5.74 billion in 2015 and is expected to grow at a CAGR of 8.30%, to reach $8.55 billion by 2020. The key growth regions are expected to be Europe, Asia-Pacific and Rest of the world (RoW). Brazil, Russia, Germany, Japan, India, China, and South Africa are expected to demonstrate consistent levels of growth. A data bus is a sub system that transfers data between devices and computers connected over it. The data bus technology is used in many sectors most prominent of which are the military & civil aviation industry and the automotive industry.
The objective of this study is to analyze, define, describe, and forecast the market on the basis of protocol, application, component, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market.
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The data bus market has undergone technological advancements since the time of its evolution. The up gradation of the data bus technology and its sub systems is done in ways to reduce the SWaP specifications of the aviation industry. The manufacturers of data bus focus on manufacturing data busses which will speed up the data transmission rate between the devices connected over the bus in a manner to achieve safe and reliable data transmission. Major challenges for this market include receiving the certification clearance from governing and regulatory bodies before and after the manufacture of the data bus.
The increasing demand for glass cockpits has driven the growth of the data bus market. The current trend in the market is the widespread use of integrated modular architectures, of increasing the bandwidth of the existing data busses to increase the speed of data transmission over the data bus.
Increase in passenger traffic has led to the development of new effective business model by major airlines. It includes launch of fuel-efficient aircraft, which is expected to increase the demand for such aircraft globally. For instance, Airbus (France) has launched A330 neo, a fuel-efficient aircraft, which is now in demand from major airlines. This is expected to drive the growth of the data bus market as data buses are extensively used in commercial aircraft.
Target Audience for this Report
- Data Bus Manufacturers
- Original Equipment Manufacturers (OEMs)
- Sub-component Manufacturers
- Technology Support Providers
- Government and Certification Bodies
- Aircraft manufacturer Associations
- Ships, Automotive manufacturers
ARINC 429/629 segment is projected to lead the data bus market during the forecast period
Based on protocol, the ARINC 429/629 segment is expected to account for the largest market share during the forecast period. ARINC 429 is the most significant data bus protocol used in commercial aircraft, such as Airbus A310, A320, A330, A340, Boeing 727, 737, 747, and other logistics aircraft. The growth of the ARINC 429/629 protocol can be attributed to its extensive use by aircraft manufacturers, such as Airbus (France), Boeing (U.S.), Bombardier (Canada), among others. Aircraft manufacturers prefer using these protocols due to their cost effectiveness, low-test process time, and high reliability.
The military aviation segment is expected to grow at the fastest rate during the forecast period
Based on application, the data bus market has been segmented into marine, commercial aviation, military aviation, and automotive. The military aviation segment is expected to lead the data bus market. This growth can be attributed to modernization of military aircraft, which is driven by the need to enhance situational awareness, mission capabilities, reduce accidents due to pilot’s error, and integration of digital systems with data bus protocols.
North America is estimated to be the largest market for data bus
North America is estimated to lead the data bus market, owing to technological advancements in data bus and presence of key players, such as Amphenol Corporation (U.S.), Corning Inc. (U.S.) in the region. Economic growth and expansion of commercial and military aviation, and the automotive industry are factors driving the growth of the North America data bus market. The growth of the North America data bus market in military aviation application can be attributed to growing military modernization programs, which include increased procurement of manned and unmanned aircraft, helicopters, and ground vehicles.
Market Ecosystem
The ecosystem of the data bus market comprises protocol, application, and component industries. The data bus value chain includes raw material manufactures, such as Optical Cable Corporation (U.S.), Sterlite Tech (India), among others. Key players operating in the market include TE connectivity (Switzerland), Amphenol Corporations (U.S.), Fujikura Ltd. (Japan), and Corning Inc. (U.S.). Acquisition and new product launches are the major strategies adopted by key players operational in the data bus market. Furthermore, products manufactured by these companies are used by firms, , such as Airbus (France), Boeing (U.S.), Volvo (Sweden), Boeing (U.S.), Newport News Shipbuilding (U.S.), Pipavav (India), and Volkswagen (Germany). This report will help data bus manufacturers, suppliers, distributers, and sub-component manufacturers to identify hot revenue pockets in this market.
TE Connectivity (Switzerland), Amphenol Corporation (U.S.), Fujikura Ltd. (Japan), and Esterline Technologies Corporation (U.S.) are the key players operating in the data bus market. A market share analysis has been carried out by tracking all products of key market players, their geographical presence, and recent developments.
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