AEA Market Report Shows Continued Growth in Avionics Sales

 - March 13, 2014, 1:54 PM

At its 57th annual convention on Thursday, the Aircraft Electronics Association (AEA) announced that 2013 worldwide general aviation avionics sales reached a total of more than $2.4 billion. This is 6.9 percent higher than the comparable 2012 number. Of the $2.4 billion in sales generated last year, 54 percent were for forward-fit (new aircraft) and 46 percent for retrofit (aftermarket). “There are many signs for our market recovery,” said Paul Derks, AEA president.

The AEA Market Report includes reporting from participating avionics manufacturers and uses net sales prices, not list prices. All general aviation aircraft electronics are included, such as components and accessories in cockpit and cabin applications (including software upgrades, portable devices and non-certified aircraft electronics), all hardware, batteries and chargeable product upgrades). Not included are repairs and overhauls, extended warranties or subscription services.