"The significant contraction of industry sales during the last six months has been driven by the international health crisis. However, we are encouraged with the direction of activity in the retrofit market, which is up nearly 11% over second-quarter total sales. In addition, the overwhelming majority of AEA member shops and manufacturers are continuing their essential operations, and many are reporting customer backlogs that extend several weeks and into next year."
Source: AEA President and CEO Mike Adamson, commenting on the most recent AEA Market Report for 3Q/20. In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $1,670,804,856.73, or more than $1.6 billion as reported by the