World sales of avionics are booming according to the latest figures released by the Aircraft Electronics Association (AEA).
The AEA has just released its third-quarter 2021 Avionics Market Report which shows that in the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $1,761,553,466.94, or more than $1.7 billion.
The figure represents a 5.4% increase in total sales compared to the first nine months of 2020. It also represented a 1.8% increase in sales sequentially from the second quarter of 2021 and marked the fifth consecutive quarter of increasing sales.
Of the more than $1.7 billion in sales during the first nine months 2021, 53.7% came from the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 46.3% of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 74.8% of the year-to-date sales volume occurred in North America (U.S. and Canada), while 25.2% took place in other international markets.
The dollar amount reported (using net sales price, not manufacturer’s suggested retail price) includes:
- All business and general aviation aircraft electronic sales including all component and accessories in cockpit/ cabin/ software upgrades/ portables/ certified and non-certified aircraft electronics
- All hardware (tip to tail)
- Chargeable product upgrades from the participating manufacturers.
It does not include repairs and overhauls, extended warranty or subscription services.