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Tue, May 16, 2017

Avionics Sales Up, But Only Slightly In First Quarter Of 2017

AEA Market Report Shows Only A 0.01 Percent Increase Over The Same Period In 2016

In the first three months of the year, total worldwide business and general aviation avionics sales amounted to $566,179,780.61, or more than $566 million as reported by the participating companies in the first quarter 2017 Avionics Market Report released Monday by AEA. 

The figure represented a 0.01 percent increase in sales compared to the first-quarter 2016 amount of $566,098,705.96. Although the sales amount was nearly identical to the first three months of 2016, it marked the first time since the fourth quarter of 2015 that sales increased during the same period from the previous year, snapping a string of seven consecutive quarterly reports showing a decrease in sales from the previous year. 

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 $566 million in first-quarter 2017 sales, 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 first-quarter sales. 
 
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 69.3 percent of the first-quarter sales volume occurred in North America (U.S. and Canada), while 30.7 percent took place in other international markets. 

"This quarter offers mixed reviews, as industry saw a substantial decrease in forward-fit sales offset by a larger increase in retrofit sales," said AEA President Paula Derks. "We have seen an increase in the percentage of sales coming from the retrofit market for four straight years, but this quarter marks the biggest swing toward that industry segment. Although the final sales amount was nearly identical to the first three months of 2016, it indeed showed a slight increase for the first time in several reporting cycles, which ends a downward trend during the last couple of years."

The AEA first introduced its Avionics Market Report March 26, 2013, during the 56th annual AEA International Convention & Trade Show in Las Vegas, Nevada.

Prior to 2012, there never had been an effort to capture the true dollar size of the business and general aviation avionics market. The concept to produce the AEA Avionics Market Report began in April 2012, when the AEA formed an ad hoc committee comprised of representatives of avionics manufacturers to create a tool for strategic planning and examining market share. 
 
"This report provides valuable information to promote the business and general aviation avionics industry to investors and inform elected officials of its global economic value," Derks said when the report was first introduced.

To ensure confidentiality, the participating manufacturing companies submit their sales figures to an independent third-party firm retained to produce the AEA Avionics Market Report.

All dollar amounts noted are U.S. dollars. 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)

FMI: www.aea.net

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