Data Bus Market Scope
The data bus is used to transfer data between the system. The data bus can bidirectional, thus it can transfer data bidirectionally. There are various types of protocol used to operate data bus such as ARINC 429/629, CAN, TTP, AFDC/ARINC 664, and MIL-STD-1553. Increasing requirement for data integrity & reliability and rising demand due to the requirement for decreasing swap specifications are the major drivers for the market. Additionally, the emergence of fiber optic cable over traditional copper cable and rising technological trends such as TTP to As6802, Fly-by-optics, and lightweight data bus cables have been supplementing the growth of the market. However, the emergence of the certification process and increasing bandwidth, less product life and low funding for defense are the factors have been limiting the growth of the market. Moreover, increasing digitalization in automotive, maritime and commercial aviation sectors and the emergence of modern aircraft and telematics can be considered as an opportunity for the market.
According to AMA, the Global Data Bus market is expected to see growth rate of 5.12% and may see market size of USD39.46 Billion by 2026.
The Players having a strong hold in the market are Data Device Corporation, TE connectivity, Amphenol Corporations, Fujikura Ltd., Corning Inc.,. Research Analyst at AMA estimates that United Stated, European and Asian Players will contribute to the maximum growth of Global Data Bus market throughout the predicted period.
Data Device Corporation (United States), TE connectivity (Switzerland), Amphenol Corporations (United States), Fujikura Ltd. (Japan), Corning Inc. (United States), Airbus (France), Boeing (United States), Volvo (Sweden), Boeing (United States), Pipavav (India) and Volkswagen (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Newport News Shipbuilding (United States), Optical Cable Corporation (United States) and Molex (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Data Bus market , by Application (Marine, Commercial Aviation, Military Aviation and Automotive) and Region with country level break-up.
On the basis of geography, the market of Data Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On June 23, 2016, TransDigm Group Incorporated had acquired ILC Holdings, Inc. whereas, ILC Holdings, Inc. is the parent company of Data Device Corporation. The acquisition has been done in USD 10 billion cash. The main aim of the company’s acquisition is to come in databus, power controls and related product market.
Market Trend
- Rising Technological Trends such as TTP to As6802, Fly-By-Optics and Lightweight Data Bus Cables
- An Emergence of Fiber Optical Cable over Traditional Copper Cable
Market Drivers
- Increasing Requirement for Data Integrity & Reliability
- Rising Demand due to the requirement for Decreasing Swap Specifications
Opportunities
- Increasing Digitalization in Automotive, Maritime and Commercial Aviation Sectors
- An Emergence of Modern Aircraft and Telematics will grow the market
Restraints
- An Emergence of Certification Process and Increasing Bandwidth is Limiting the Growth
Challenges
- Less Product Life and Low Funding for Defense