Dublin, March 23, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/jswglj/commercial) has announced the addition of the "Commercial Avionics Systems Market by Sub-System, Platform, Fit and Geography - Global Forecast to 2020" report to their offering.

The commercial avionics systems market is expected to grow from USD 16.73 billion in 2015 to USD 22.49 billion by 2020, at a CAGR of 6.10% from 2015 to 2020.

Implementation of avionics systems for next-generation aircraft is driving the growth of the commercial avionics systems market. The market for commercial avionics systems is driven by factors, such as increase in aircraft orders and deliveries, growth in developing economies, and implementation of avionics systems for next-generation aircraft.

The narrow body aircraft market is anticipated to grow at a high CAGR during the forecast period

Based on aircraft type, the commercial avionics market is segmented into very large aircraft, wide body aircraft, narrow body aircraft, and regional transport aircraft. The narrow body aircraft market is expected to account for the largest market share during the forecast period.

North America dominates the commercial avionics systems market; this market in the Asia-Pacific region is projected to grow at the highest CAGR from 2015 to 2020

In 2015, North America is estimated to account for the largest share of the commercial avionics systems market. However, the Asia-Pacific region is expected to witness the highest growth rate in the commercial avionics systems market in the coming years. This is mainly attributed to the growth of the aviation sector in the Asia-Pacific region, thereby propelling the demand of commercial avionics systems.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Commercial Avionics Systems Market, By Sub-System

8 Commercial Avionics Systems Market, By Platform

9 Commercial Avionics Systems Market, By Fit

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

- GE Aviation (U.S.)
- Garmin Ltd. (Switzerland)
- Honeywell International Inc. (U.S.)
- L-3 Communications Holdings Inc. (U.S.)
- Meggitt PLC (France)
- Panasonic Avionics Corporation (Japan)
- Rockwell Collins (U.S.)
- Teledyne Technologies
- Thales Group (France)
- United Technologies Corporation (U.S.)
- Universal Avionics Corporation (U.S.)

For more information visit http://www.researchandmarkets.com/research/jswglj/commercial

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