The Aircraft Electronics Association’s third-quarter 2021 Avionics Market Report shows that avionics sales increased 5.4% in the first nine months of 2021 compared to the same period in 2020.
In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to more than $1.7 billion
That total represents a 1.8% increase in sales from the second quarter of 2021 and marked the fifth consecutive quarter of increasing sales, according to association officials.
During the third-quarter months of July, August, and September, sales increased 15.8% compared to the same time one year ago.
“We are encouraged that this report indicates industry sales are continuing an upward trend despite the lingering pandemic and changing market forces,” said AEA President and CEO Mike Adamson. “Although industry has seen robust sales during some unprecedented times, there are still challenges with the supply chain and workforce to work through as we close out the year and look ahead to 2022.”
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, while 25.2% took place in other 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); batteries; and chargeable product upgrades from the participating manufacturers. It does not include repairs and overhauls, extended warranty, or subscription services.
AEA officials note that the number of companies that participate in the Avionics Market Report may change on a quarterly or annual basis. This may occur due to mergers and acquisitions during the year along with new companies participating in the reporting process. Any comparative analysis of the data should take this variance into consideration.
The companies currently participating in the report include:
- ACR Artex
- ALTO Aviation
- Anodyne Electronics Manufacturing Corp.
- Appareo
- Aspen Avionics
- BendixKing
- Blue Avionics
- Collins Aerospace
- FreeFlight Systems
- Garmin
- Genesys Aerosystems
- Gogo Business Aviation
- Honeywell Business & General Aviation
- Jupiter Avionics
- L3Harris Technologies
- Mid-Continent Instruments and Avionics
- PS Engineering
- Sandel Avionics
- Sandia Aerospace
- Shadin Avionics
- Trig Avionics
- Universal Avionics, an Elbit Systems Co.