DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/wxbgsf/global_commercial) has announced the addition of the "Global Commercial Aerospace Avionics Market Analysis and Outlook: 2013-2020" report to their offering.

The global commercial aerospace avionics market is expected to reach $8.3 billion by 2020, with a moderate CAGR of 3.9% during the forecast period. Despite the adverse economic conditions that have prevailed, total industry sales grew during the last six years. In terms of dollar value, communication network and navigation is the largest segment in the commercial avionics market, followed by control systems, radar and surveillance, and display systems. North America holds the largest share of revenue, followed by Europe.

The industry is highly regulated, especially regarding the safety of its products. The result is that the industry has particularly high entry barriers because of capital and regulatory requirements.

This study reflects that the industry faces a challenge from the long product development lead-time, which stymies capital circulation as it becomes fixed in a particular product. Avionics are costly products, requiring a huge capital commitment. As a result, until the delivery of the aircraft, that amount cannot be used for any other purpose. The commercial aerospace avionics market is highly technology driven. To develop new product with better technology and bring it back to the market requires a lengthy process.

This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.

Companies Mentioned:

- Garmin

- GE Aviation

- Honeywell

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Research and Markets: Global Commercial Aerospace Avionics Market Analysis and Outlook: 2013-2020