Rise in the passenger traffic leads to the need for effective business model by major airline manufacturers.
Sarasota, FL -- (SBWIRE) -- 03/29/2017 -- Zion Market Research, the market research group announced the analysis report titled "Data Bus Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Data Bus Market: Overview
A data bus is a connector present within the computer that enables transportation for data. Various kinds of buses have evolved in personal computers and other hardware. The data bus is extensively used in various applications such as automotive, marine, military aviation, and commercial aviation. Ongoing modernization of military aircraft may reduce the chances of accidents due to pilot's error, and enhance mission capabilities and situational awareness.
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Global Data Bus Market: Growth Factors
Rise in the passenger traffic leads to the need for effective business model by major airline manufacturers. Hence new fuel-efficient aircraft has been introduced, which is anticipated to increase the demand for such aircraft globally. A330 neo fuel-efficient aircraft are globally demanded in the commercial aircraft, which in turn may foster the global data bus market. Modernization in the military aviation application and procurement of manned and unmanned helicopters, ground vehicles, and aircraft is anticipated to contribute to the growth of the global market in the near future.
Global Data Bus Market: Segmentation
The global data bus market is fragmented based on the applications as commercial aviation, military, and automotive. On the basis of protocol segment, the global market is classified as AFDX, CAN, MIL-STD, TTP, and ARINC 429/629. Of these, ARINC 429/629 segment is the dominating segment across the world; this protocol is majorly used in the commercial aircraft such as Airbus A310, A340, A320, A330, Boeing 727, 747, 737, and other logistics aircraft. Many aircraft manufacturers prefer ARINC 429/629 protocol due to its high reliability, cost effectiveness, and lowest process time. The global data bus market is further divided based on the component as cables, accessories, micro couplers, and connectors.
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Global Data Bus Market: Regional Analysis
Geographically, the global data bus market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific accounted for the largest market share in the global market. However, growth in the aerospace & defense sector in this region may further boost the global market growth. Increasing use of the FlexRay protocols and acceptance of organic and inorganic growth strategies in this region is projected to propel the global data bus market growth. Rising automotive industries in North America is anticipated to propel the global market growth in the future. North America is the major producer of data bus and advancements in data bus positively impact the global market growth. In addition, expansion of commercial and military aviation in this region also boosts the global data bus market. However, economic development and automotive industries in this region are further expected to boost the global market growth.
Global Data Bus Market: Competitive Players
Major players in the global data bus market are Data Device Corporation, TE Connectivity, Belkin International, Arinc Inc., Ballard Technology, Amphenol International, Fujikura Ltd, and OptRockwell Collins, ical Cable Corporation. Other players include Nexans Hellas SA, Corning, Fujikura, Fairchild Semiconductor International, Optical Cable Corporation, Molex, and Huber + Suhner.
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Global Data Bus Market: Regional Segment Analysis
Middle East and Africa
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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