Avionics News September 2020 - 13

2020 Percentage of Total Sales by Market
Quarter
1Q 2020
2Q 2020

Retrofit
52.3%
54.6%

Forward-fit
47.7%
45.4%

U.S./Canada
75.2%
73.9%

Other International
24.8%
26.1%

YTD 2020

53.3%

46.7%

74.6%

25.4%

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.
"Realizing a substantial decrease in worldwide avionics sales during the second quarter was the expectation in light
of the COVID-19 pandemic," said AEA President and CEO Mike Adamson. "The economic impact of the disease
has been significant, and the business and general aviation electronics industry is not immune to the crisis. However, I
remain optimistic that our industry will be poised for recovery as our shops and manufacturers continue their essential
operations, legislators continue to address key employment initiatives, and our industry amplifies the immense value of
business and general aviation as an economic catalyst."
To ensure confidentiality, the participating manufacturing companies submit their sales figures to an independent
third-party firm retained to produce the AEA Avionics Market Report. 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
* L3Harris Technologies
* Mid-Continent Instruments and Avionics
Published
* PS Engineering Inc.
by the
* Sandia Aerospace
* Shadin Avionics
* Trig Avionics Limited
* Universal Avionics, an Elbit Systems Co.
More information about the AEA Avionics Market Report is available online at aea.net/marketreport. q

AEA
Avionics
Market Report

avionics news

september

2020

http://aea.net/marketreport

Avionics News September 2020

Table of Contents for the Digital Edition of Avionics News September 2020