The Aircraft Electronics Association has released its third-quarter report for 2019, and the association reports a nearly 15% increase over third-quarter 2018 figures for the retrofit and forward-fit avionics market for business and general aviation, and a 14.3% increase over the year-to-date figures from 2018. The participating companies reported more than $2.2 billion in combined avionics sales, through the third quarter. Total estimated sales were $2.2877 billion, taking into account the entire market.
Avionics Market Retains Sales Increase So Far In 2019
Key Takeaways:
- The Aircraft Electronics Association (AEA) reported a significant increase in business and general aviation avionics sales for Q3 2019, up nearly 15% from Q3 2018 and 14.3% year-to-date, totaling over $2.2 billion.
- This marks 11 consecutive quarters of year-over-year growth, with the retrofit market accounting for over 52% of year-to-date sales and North America contributing nearly 75% of total sales.
- The Federal Aviation Administration's ADS-B Out mandate, with its January 1, 2020 deadline, has been a primary driver for the recent surge in sales, particularly for retrofit avionics.
- The industry is now observing whether this upward trend in avionics sales will continue after the ADS-B compliance period, as the majority of the North American fleet has been equipped.
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