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AEA: Avionics Sales Soften, but Recovery Underway

May 17,2021

Worldwide business and general aviation avionics sales in the first quarter fell 13.9 percent year-over-year, to about $568.8 million, according to the Aircraft Electronics Association¡¯s (AEA) latest avionics market report. While that was down by almost $100 million from a year ago, AEA said this represented a marginal increase from the fourth quarter and marked the third consecutive quarter of increasing sales.

Of the first-quarter sales, 53.7 percent came from the retrofit market, while forward-fit sales¡ªavionics equipment installed by airframe manufacturers during production¡ªaccounted for the remainder. Reported business and general aviation aircraft electronic sales include all component and accessories in cockpit/cabin/software upgrades/portables/certified and noncertified aircraft electronics; tip-to-tail hardware batteries; and chargeable product upgrades. They do not include repairs and overhauls, extended warranty, or subscription services.

According to AEA, the North American market accounted for 76 percent of the first-quarter sales volume, while 24 percent took place in other international markets.

"With avionics sales trending in the right direction over the last nine months, it appears that a slow and steady industry recovery is under way," said AEA president and CEO Mike Adamson. "The last six months of 2020 saw a rebound in retrofit sales, and it's encouraging to see forward-fit sales up sharply from the previous quarter in the aircraft manufacturing sector.

¡°As new products are introduced at the AEA Convention in June and EAA¡¯s AirVenture in July, I'm hopeful that avionics manufacturers will be able to clear some of the supply chain hurdles they face and continue this upward trend.¡±

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