Data bus provides a common channel of communication for various devices. It communicates within the shared devices for effective channeling of information. Databus work as per the established protocols. Some of these protocols include ARINC 429 and MIL-STD 1553. According to the experts, the global data bus market is expected to witness impressive growth with the rising demand from different end-user segments. Advancing technologies and growth in the rate of adoption are expected to be the major driving factors for this market across the world. Rising demand from the emerging application segments and geographic regions are also expected to provide potential growth opportunities for the industry.
Major Drivers and Restraints for the Market
According to the researchers, the global data bus market is expected to witness steady growth with rising demand for reduced swap applications. Apart from that, demand to reduce wiring is also expected to drive this market over the next few years. Rise in commercial aviation and aircraft deliveries is also expected to help the market grow at a steady rate. According to the report, modern military aircrafts and telematics are also expected to drive the databus market over the next few years. Growth in electronification across the transportation industry and rising demand from luxury cars segment are also significant driving factors for this market. According to the reports, major restraining factors for the market include product lifecycle, reductions in defense budgets and certification processes.
Databus Market Segmentation and Forecasts
Researchers segment the global data bus market on the basis of the types of protocols, components, applications and demand from different geographic regions. The protocols in the market include ARINC 429/629, AFDX, MIL-STD, TTP and CAN. Based on the types of components, the market is categorized into cables, LRU, IC assemblies and connectors. Basic applications in the market include commercial aviation, military and automotive. On the basis of the geographic regions, the market is categorized into North America, Asia Pacific, Europe and the rest of the world. Analysis of the industry segments provides information about the growth trends and revenue forecasts for industry on global scale. It also provides understanding of the driving and restraining factors for different key industry players.
As per the latest reports, the data bus market is expected to grow at a CAGR of 6% from 2014 to 2020. At the estimated growth rate, the market is expected reach $4.50 billion by the end of the year 2020. During the forecasting period, North America region is expected to dominate the global market. According to the report, luxury cars and glass cockpits are expected to create interesting investment opportunities for the market during near future.