Wed, May 12, 2021
Total Sales Exceed $568 Million In First Three Months Of 2021
The Aircraft Electronics Association released its first-quarter 2021 Avionics Market Report.
In the first three months of the year, total worldwide business and general aviation avionics sales amounted to $568,810,353, or more than $568 million as reported by the participating companies.
First three months of 2021 worldwide business and general aviation avionics sales
| Quarter |
Retrofit
|
Forward-fit
|
Total Sales
|
| 1Q 2021 |
$305,667,893.00 |
$263,142,460.00 |
$568,810,353.00 |
The figure represented a 13.9% decrease in total sales compared to the first-quarter 2020 amount of $660,428,548.41, or more than $660 million. However, it also represented a nearly 1% increase in sales sequentially from the fourth quarter of 2020 and marked the third consecutive quarter of increasing sales. Forward-fit sales increased 18.7% over the fourth quarter of 2020.
First three months of worldwide business and general aviation avionics sales
| |
2020
|
2021
|
% Change
|
| Retrofit |
$345,650,537.69
|
$305,667,893.00
|
-11.6%
|
| Forward-fit |
$314,778,010.72
|
$263,142,460.00
|
-16.4%
|
| YTD |
$660,428,548.41
|
$568,810,353.00
|
-13.9%
|
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 $568 million in first-quarter 2021 sales, 53.7% 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 46.3% 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, 76% of the first-quarter sales volume occurred in North America (U.S. and Canada), while 24% took place in other international markets.
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