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 aircraft avionics retrofit market is experiencing significant growth, driven by the approaching ADS-B Out mandate and increasing demand for advanced cockpit systems.
- In 2017, the global business and general avionics market recorded over $2.3 billion in net sales, marking a 2.9% increase over 2016 and the first sales increase since 2014.
- Retrofit installations alone accounted for $1.34 billion of these sales, a more than 20% increase in that segment, with most sales occurring in North America and many owners opting for full-panel upgrades.
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