According to its second quarter 2021 Avionics Market Report, the Aircraft Electronics Association (AEA) says sales during the first half of 2021 exceeded $1 billion.
AEA Reports Avionics Sales Over $1 Billion for First Half of 2021
Key Takeaways:
- The avionics industry recorded over $1 billion in sales for the first half of 2021, representing a 7.1% decrease from the first half of 2020, though second-quarter sales alone increased by 2.1% year-over-year.
- Retrofit sales accounted for 55% of the total, exceeding forward-fit sales (45%), with the majority (75.2%) of sales originating from the U.S. and Canada.
- The report indicates a mixed outlook due to factors like supply chain issues and travel restrictions, but positive signs such as new products and resilient consumers suggest continued growth for general aviation.
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