With the 2020 ADS-B Out mandate rapidly approaching, and as more and more aircraft operators are realizing the benefits of advanced cockpit systems, an increasing number of owners are opting to add retrofit avionics systems to their aircraft. The Aircraft Electronics Association reported that there was a significant increase in the retrofit market.
Retrofit Avionics Market Sees Strong Sales
Key Takeaways:
- The approaching 2020 ADS-B Out mandate and the benefits of advanced cockpit systems are driving a significant increase in the aircraft retrofit avionics market.
- The business and general aviation avionics market experienced its first sales increase since 2014, reaching over $2.3 billion in 2017, with retrofit installations seeing a more than 20 percent increase.
- North America accounted for the majority of these retrofit sales, as many aircraft owners are opting for full-panel avionics upgrades rather than just ADS-B equipment.
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