The Aircraft Electronics Association has determined that the avionics market’s overall activity was down by 26 percent in 2020 over the previous year—but 2019 was a record-high year for the industry. The association released its annual Avionics Market Report on February 9 for 2020. Total worldwide sales for business and general aviation avionics reached more than $2.2 billion, ascertained through reports from the companies participating in the AEA’s survey. Sales in 2019 exceeded $3 billion, riding out the wave of ADS-B installations ahead of the January 2020 mandate in the US.
Avionics Market Down By 26 Percent in 2020
Key Takeaways:
- The avionics market experienced a 26% decline in 2020, with total sales reaching over $2.2 billion, making it a low point in the report's nine-year history.
- This decline followed a record-high year in 2019, which saw over $3 billion in sales driven by ADS-B installations.
- The retrofit market accounted for 55.9% of sales in 2020, suggesting aircraft owners used downtime for upgrades, while forward-fit sales were 44.9%.
- Nearly 74% of worldwide avionics sales in 2020 took place in the North American market.
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