Total Sales Exceed $1.5 Billion In First Six Months Of 2019
The Aircraft Electronics Association released its second-quarter 2019 Avionics Market Report.
In the first six months of the year, total worldwide business and general aviation avionics sales amounted to $1,506,893,525.64, or more than $1.5 billion as reported by the participating companies. The figure represented a 14% increase in total sales compared to the first six months of 2018. During the second-quarter months of April, May and June, sales increased 14.8% compared to the same time frame one year ago.
The dollar amount reported (using net sales price, not manufacturer's suggested retail price) includes: all business and general aviation aircraft electronic sales -- including all component and accessories in cockpit/cabin/software upgrades/portables/certified and noncertified aircraft electronics; all hardware (tip to tail); batteries; and chargeable product upgrades from the participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services.
Of the more than $1.5 billion in sales during the first half of 2019, 52.7% came from the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 47.3% of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 74.9% of the year-to-date sales volume occurred in North America (U.S. and Canada), while 25.1% took place in other international markets.
All dollar amounts noted are U.S. dollars. The number of companies that participate in the AEA Avionics Market Report may change on a quarterly and/or annual basis. This may occur due to mergers and acquisitions during the year along with new companies participating in the reporting process. Any comparative analysis of the data should take this variance into consideration.
"Avionics sales for general and business aviation have now seen an increase in year-over-year sales for 10-straight quarters," noted AEA president and CEO Mike Adamson (pictured in file image). "In addition to the ADS-B workload, our AEA member repair stations continue to report an increasing number of full-panel retrofits with new electronic flight displays and digital autopilots, as well as continued interest with in-flight connectivity solutions."
The AEA Avionics Market Report should not be considered a predictive indicator of future industry sales activity. The circumstances discussed in the report may not occur in future time periods, and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting the AEA Avionics Market Report and the companies that participate in the report. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and the Aircraft Electronics Association, along with the participating companies in the AEA Avionics Market Report, undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
(Source: AEA news release)
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