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Detailed examination of the data bus market that will be worth 19.47 billion USD by 2021

The data bus market has been segmented into ARINC 429/629, CAN, TTP, AFDX/ARINC 429/629, and MIL-STD-1553. The ARINC 429/629 segment is estimated to lead the market in 2016.

The report"Data Bus Marketby Protocol (MIL-STD-1553, AFDX/ARINC 664, ARINC 429/629, CAN, TTP), Application (Marine, Commercial Aviation, Military Aviation, Automotive), Component (Micro couplers, Cables, Connectors, Accessories), and Region - Global Forecast to 2021", The data bus market is projected to grow from USD 15.70 Billion in 2016 to USD 19.47 Billion by 2021, at a CAGR of 4.41% during the forecast period.

Browse 95 market data Tables and 77 Figures spread through 184 Pages and in-depth TOC on"Data Bus Market - Global Forecast to 2021"
www.marketsandmarkets.com/Market-Reports/data-bus-market-136145580.html
 

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.

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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.

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.

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