Avionics News March 2021 - 13

2020 percentage of total sales by market
Quarter
1Q 2020
2Q 2020
3Q 2020
4Q 2020
2020 Totals

Retrofit
52.3%
54.6%
57.1%
60.7%

Forward-fit
47.7%
45.4%
42.9%
39.3%

U.S./Canada
75.2%
73.9%
71.6%
74.3%

Other International
24.8%
26.1%
28.4%
25.7%

55.9%

44.1%

73.8%

26.2%

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. Forwardlooking 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 last half of 2020 provided a softer landing as yearly sales totals slid back to roughly the same numbers in
2016-17, " said AEA President and CEO Mike Adamson. " Despite the health crisis and its economic impact, I am
encouraged that industry experienced steady growth during the last half of the year. Although 2020 year-end sales
are significantly down from last year's all-time high, we see positive signs in the retrofit market, which means our
members are keeping busy with avionics upgrades. We are hopeful the combination of innovative new products, the
resilience of consumers who continue to focus on upgrades, and an uptick in aircraft production can fuel more sales
growth in 2021. "
Below is a review of the year-end totals for the nine-year history of the AEA Avionics Market Report. Participating
companies began separating total sales into retrofit/forward-fit sales in 2013.
Yearly totals
Year

Retrofit

Forward-fit

Total Sales

% Change From
Previous Year

2012

N/A

N/A

$2,229,317,197.54

N/A

2013

$1,114,263,226.00

$1,315,035,458.50

$2,429,298,684.50

+9.0%

2014

$1,228,201,491.23

$1,299,365,811.19

$2,527,567,302.42

+4.0%

2015

$1,187,389,485.21

$1,229,049,502.21

$2,416,438,987.42

-4.4%

2016

$1,117,656,848.00

$1,143,877,972.00

$2,261,534,820.00

-6.4%

2017

$1,342,516,992.84

$984,335,543.95

$2,326,852,536.79

+2.9%

2018

$1,556,360,964.00

$1,172,296,145.00

$2,728,657,109.00

+17.3%

2019

$1,657,413,394.00

$1,348,426,111.00

$3,005,839,505.00

+10.2%

$2,223,729,327.00

-26.0%

2020

	

$1,242,782,844.00

	

$980,946,483.00

	

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; Jupiter Avionics; L3Harris Technologies; Mid-Continent
Instruments and Avionics; PS Engineering; Sandia Aerospace; Shadin Avionics; Trig Avionics; and Universal
Avionics, an Elbit Systems Co.
More
information about the AEA Avionics
Market Report is available at AEA.net/marketreport. q
Information/Registration
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Avionics News March 2021

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