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23.09.2016 | 18:31
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PR Newswire·Mehr Nachrichten von PR Newswire

PUNE, India, September 23, 2016 /PRNewswire/ --

The report "Data Bus Market by 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", published by MarketsandMarkets, the 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.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 95 market data Tables and 77 Figures spread through 184 Pages and in-depth TOC on "Data Bus Market".

http://www.marketsandmarkets.com/Market-Reports/data-bus-market-136145580.html

Early buyers will receive 10% customization on this report.

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. 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.

Free PDF Brochure Download: http://www.marketsandmarkets.com/pdfdownload.asp?id=136145580

North America is estimated to be the largest market for data bus

North America is estimated to lead the data bus market, owing to technological advancements in data bus and presence of key players, such as Amphenol Corporation (U.S.), Corning Inc. (U.S.) in the region. Economic growth and expansion of commercial and military aviation, and the automotive industry are factors driving the growth of the North America data bus market. The growth of the North America data bus market in military aviation application can be attributed to growing military modernization programs, which include increased procurement of manned and unmanned aircraft, helicopters, and ground vehicles.

TE Connectivity (Switzerland), Amphenol Corporation (U.S.), Fujikura Ltd. (Japan), and Esterline Technologies Corporation (U.S.) are the key players operating in the data bus market. A market share analysis has been carried out by tracking all products of key market players, their geographical presence, and recent developments.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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