Last week, the Aircraft Electronics Association (AEA) unveiled its third-quarter 2021 Avionics Market Report, pointing out that in the first nine months of the year, worldwide business and general aviation avionics sales totaled more than $1.7 billion.
The report explained that 53.7 percent of those avionics sales came from retrofits and 46.3 percent from forward fits. Avionics relate to the electronic systems used on aircraft and include communications, navigation, the display and management of multiple systems, and the hundreds of systems that are fitted to aircraft to perform individual functions.
