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The Aircraft Electronics Association released its third-quarter 2020 Avionics Market Report.
In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $1,670,804,856.73, or more than $1.6 billion as reported by the participating companies.
First nine months of 2020 worldwide business and general aviation avionics sales.
The figure represented a 27 per cent decrease in total sales compared to the first nine months of 2019. During the third-quarter months of July, August and September, sales decreased 33.4 per cent compared to the same time frame one year ago.
However, sales in the third quarter of 2020 were up 5.9 per cent compared to the second quarter of this year, with retrofit sales up 10.8 per cent over the second quarter.
First nine months of worldwide business and general aviation avionics sales.
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 $1.6 billion in sales during the first nine months of 2020, 54.5 per cent 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 45.5 per cent of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 73.7 per cent of the year-to-date sales volume occurred in North America (U.S. and Canada), while 26.3 per cent took place in other international markets.
2020 Percentage of Total Sales by Market.
All dollar amounts noted are U.S. dollars. The number of companies that participate in the AEA Avionics Market Report may change on a quarterly and/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 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.
“The significant contraction of industry sales during the last six months has been driven by the international health crisis,” said AEA president and CEO Mike Adamson. “However, we are encouraged with the direction of activity in the retrofit market, which is up nearly 11 per cent over second-quarter total sales. In addition, the overwhelming majority of AEA member shops and manufacturers are continuing their essential operations, and many are reporting customer backlogs that extend several weeks and into next year.”
Below is a review of the year-end totals for the eight-year history of the AEA Avionics Market Report. Participating companies began separating total sales into retrofit/forward-fit sales in 2013.
