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)
More News
Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]
Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]
“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]
How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]
Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]