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 nearly 15% increase in business and general aviation avionics sales for Q3 2019 compared to Q3 2018, with year-to-date sales exceeding $2.2 billion.
- This represents 11 consecutive quarters of year-over-year sales growth, largely driven by the retrofit market which accounted for over 52% of year-to-date totals, and concentrated in North America (nearly 75% of sales).
- The ongoing sales increase has been significantly influenced by the FAA's ADS-B Out mandate, though it remains uncertain if this pace will be sustained after the January 2020 deadline once most of the North American fleet is equipped.
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