Avionics sales increased 5.4% in the first nine months of 2021, topping $1.7 billion.
Aircraft Electronics Association
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The annual guide includes educational articles, information and data about “the ever-changing world of avionics technologies.”
Avionics sales top $1 billion in first half of 2021
That’s a 7.1% decrease in total sales compared to the first six months of 2020, according to the Aircraft Electronics Association’s Avionics Market Report. However, AEA officials note that the numbers are trending in a better direction now, with April, May and June 2021 sales increasing by 2.1% over the same time frame a year ago.
FAA accepts avionics technician apprenticeship program
FAA approval gives companies “another tool to grow their own and successfully recruit, train, and retain qualified technicians,” said Mike Adamson, AEA president and chief executive officer. “It is another critical step in our industry’s ongoing workforce development efforts and offers a new career pathway where individuals can simultaneously earn a competitive wage, gain knowledge with structured learning and on-the-job training, and achieve industry-recognized credentials.”
‘Slow and steady’ recovery begins for avionics industry
“With avionics sales trending in the right direction over the last nine months, it appears that a slow and steady industry recovery is underway,” 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.”
Avionics sales plummet 26% in 2020
While 2020’s sales marked the lowest amount of sales in the Avionics Market Report’s nine-year history, officials with the Aircraft Electronics Association note that the industry experienced “healthy sales growth” during the last six months of the year as pandemic restrictions loosened.
AEA moves 2021 convention to June
The move from March 15 is intended to allow more time for COVID-19 vaccinations and fewer travel restrictions.
Avionics sales plunge 27% so far in 2020
There is a bright spot: Sales in the third quarter were up 5.9% compared to the second quarter of this year, with retrofit sales up 10.8% over the second quarter.
AEA scholarship applications now online
Deadline to apply is April 2, 2021.