Thu, Feb 21, 2019
Total Sales Exceed $2.7 Billion For The Year
The Aircraft Electronics Association has released its 2018 year-end Avionics Market Report, and total worldwide business and general aviation avionics sales for 2018 amounted to $2,728,657,109, or more than $2.7 billion as reported by the participating companies.
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 upgradeas/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 $2.7 billion in sales in 2018, 57 percent 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 43 percent of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 77.7 percent of the 2018 sales volume occurred in North America (U.S. and Canada), while 22.3 percent took place in other international markets.
"With more than $2.7 billion in worldwide sales, industry has recorded the largest dollar amount of year-end avionics sales since the reporting process began back in 2012," said AEA President Paula Derks. "We have now seen eight-straight quarters of positive year-over-year sales growth dating back to the end of 2016."
Note that the 2018 year-end totals do not exactly equal the sum of the four quarterly amounts as reported earlier in the year. This variance is the result of seasonally adjusted year-end numbers by some of the participants. In addition, 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.
(Source: AEA news release)
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