[200 Pages Report] Commercial Avionics Systems Market analysis & forecast report categorizes global by Sub-segment (FMS, EFB, Flight Control Systems, Navigation, Communication & Surveillance Systems, HMS, and Aircraft Electrical & Emergency Systems), Platform (Fixed Wing and Rotary Wing) & Geography.

Dallas, TX -- (SBWire) -- 06/17/2015 --According to a new market research report "Commercial Avionics Systems Market by Sub-segment (FMS, EFB, Flight Control Systems, Navigation, Communication & Surveillance Systems, HMS, and Aircraft Electrical & Emergency Systems), by Platform (Fixed Wing and Rotary Wing), and by Geography - Forecast 2014 to 2020", the commercial Avionics Systems Market was estimated at $15,748.26 Million in 2014, at a high CAGR of 7.06% from 2014 to 2020, to reach $23,715.24 Million by 2020.

Browse 72 market data tables and 69 figures spread through 200 pages and in-depth TOC on "Commercial Avionics Systems Market"
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The demand for NextGen avionics is majorly driven by the trends in the aviation industry where aircraft deliveries and aircraft in operations have always influenced the industry. The narrow body aircraft are expected to have a high growth due to deliveries and orders during the forecast period. The ADS-B technology in avionics systems is an opportunity for manufacturers. However, adherence to mandatory certifications laid down by the aviation industry and training for pilots are the challenges faced by the commercial avionics systems market.

The North American region is estimated to account for the largest market share till 2020 followed by the European region. The APAC region is projected to witness the highest number of aircraft deliveries than any other region during the forecast period. The increase in aircraft deliveries will eventually lead to the growth of the avionics systems market. Key markets such as France, the U.S., Russia, China, and India would drive the growth of the market.

This report studies the growth strategies adopted by these market players. The strategies adopted by players to expand their global presence and increase their market share include partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.

In addition to market sizes and forecasts, this report also provides a detailed analysis of the market and technology trends to gain competitive market intelligence. The impact of drivers and restraints and their impact on this market have been listed to provide an in-depth insight of the market.

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Key players in this market include Honeywell (U.S.), Thales Group (France), Rockwell Collins (U.S.), Universal Avionics Systems Corporation (U.S.), and Garmin Ltd. (Switzerland), among others. The other prominent players in the market are Universal Avionics Systems Corporation (U.S.), Gramin Ltd. (Switzerland), Zodiac Aerospace SA (France), Meggitt Plc. (U.K.), Cobham Plc. (U.K.), Esterline Technologies Corporation (U.S.), Teledyne Technologies, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), and Panasonic Avionics Corporation (U.S.).

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