The Aircraft Electronics Association released its 2019 year-end Avionics Market Report, and total worldwide business and general aviation avionics sales for 2019 amounted to $3,005,839,505, or more than $3 billion as reported by the participating companies.
The figure represented a 10.2 percent increase in total year-end sales compared to 2018. During the fourth-quarter months of October, November and December, sales increased 5.3 percent compared to the same time frame one year ago.
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 noncertified aircraft electronics; all hardware (tip to tail); batteries; and chargeable product upgrades from the participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services.
Of the more than $3 billion in sales in 2019, 55.1 percent 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 44.9% of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 74.7 percent of the 2019 sales volume occurred in North America (U.S. and Canada), while 25.3 percent took place in other international markets.
The AEA Avionics Market Report should not be considered a predictive indicator of future industry sales activity. The circumstances discussed in the report may not occur in future time periods, and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting the AEA Avionics Market Report and the companies that participate in the report. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and the Aircraft Electronics Association, along with the participating companies in the AEA Avionics Market Report, undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
"For the first time, the business and general aviation avionics industry has reported more than $3 billion in year-end sales," said AEA president and CEO Mike Adamson. "In addition, the industry has reported an increase in year-over-year sales for three straight years and 12 consecutive quarters. As leaders in product innovation, it's clear that the contributions to the international economy by avionics manufacturers are significant."
