DALLAS, TX -- According to the market research report "Data Bus Market by Protocol (MIL-STD, AFDX, ARINC 429/629, CAN, TTP), by Application (Military, Commercial Aviation, Automotive), by Component (Micro couplers, Cables, Connectors, Accessories), by Geography - Global Forecasts & Analysis to 2020", published by MarketsandMarkets, the global Data Bus Market is expected to reach $8.55 Billion by 2020, to register a CAGR of 8.30%.
A data bus acts as a communication channel shared by many devices. The design of the bus architecture encompasses several tradeoffs such as clocking, transfer size, data width etc. In order for the communication to flow among the shared devices, a protocol needs to be established. MIL-STD 1553 and ARINC 429 are examples of such protocols. Data buses find various applications in commercial aviation, military, and the automotive sector.
This report segments the Data Bus Market on the basis of protocol, application, component, and region. The geographical analysis contains an in-depth classification which includes the North America, Europe, APAC, the Middle East, and ROW, thus, encompassing the major countries that cover the respective markets. The report also discusses the industry, market, and technology trends that currently, prevail in the market. The report provides vital information on key trends related to protocols. It is expected that advancements in these technologies would shape and influence the said market.
The growth in the Data Bus Market is expected to be driven by the increasing usage of AFDX, MIL-STD 1553, and CAN bus. The CAN bus has been extended to a myriad of embedded electronic application domains which include the military and the automotive sector. As an increasing number of embedded electronic components are added to vehicles in order to meet rising consumer demand for product features, the complexity of each embedded component as well as the complexity of sub-systems of components is rising exponentially along with the onset of time. In order to ease avionics industry cohesion, proprietary specially-defined standardized technologies are developed and used to meet deterministic applications. For instance, the MIL-STD-1553 has been implemented in military avionics and weapons control applications. Likewise, CAN bus and IEEE-1394 are intended to meet the requirements of control and manufacturing applications.
There is a bullish trend towards the ARINC 664/AFDX, MIL-STD 1553 and CAN protocols adopted by the market leaders, in this market. The data bus systems are expected to witness a remarkable growth during the forecast period. From a defense perspective, North America is expected to witness a slight decline in the market share during the forecast period, due to defense budget cuts, compared to other regions. China, India, Brazil, Japan, Germany, and South Africa are identified as emerging economies which are expected to witness an upsurge in demand of data bus systems. Blue Ocean strategies in the commercial aviation, defense, and the automotive sector will help the market grow at a rapid pace.
The APAC countries will focus on growth, aim to create an uncontested market space, and direct their region's economies on a higher trajectory for the long run. Along with the organic and inorganic growth strategies being adopted, the use of FlexRay protocols is also expected to fuel the market by 2020. The ongoing growth of economies, especially in Asia, is expected to present aerospace & defense companies, along with automotive industries with significant opportunities in this market.
Key players profiled in the Data Bus Market are TE Connectivity, Rockwell Collins, Fairchild Semiconductor International, Fujikura Ltd, Data Device Corporation, Ballard Technology, Amphenol International, Corning, Optical Cable Corporation, Huber + Suhner, Molex, Belkin International, Fujikura, Optical Cable Corporation, Nexans Hellas SA, and Arinc Inc. among others. A competitive landscape with respect to the aforementioned players and their market share has also been provided in the report.
In a nutshell, the Data Bus Market has enormous potential for technological advancements and is expected to grow at a steady growth rate during the forecast period.
Browse 77 market data tables and 78 figures spread through 245 pages and in-depth TOC on "Data Bus Market" at http://www.marketsandmarkets.com/Market-Reports/data-bus-market-136145580.html?utm_source=Prnewswire&utm_medium=Referral&utm_campaign=PaidPR
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