General aviation avionics sales in the third quarter of 2015 dipped by 5.3 percent, according to the market report published recently by the Aircraft Electronics Association (AEA). That represents a net decrease of $614 million in business compared with the same period in 2014, as reported by companies participating in the report.
“The report shows some softness in sales this year,” remarked AEA president Paula Derks. “Clearly our industry continues to face economic challenges that may be related to the strength of the U.S. dollar,” she continued. “Even though FAA reports that ADS-B equipage has grown, it has not resulted in an increase for total avionics sales,” she concluded.
Of the more than $1.7 billion in total sales transacted during the first nine months of 2015, more than 50 percent were for forward-fit sales installed by airframe manufacturers during original production. The retrofit market represented just under 49 percent of sales during the same time period. More than 60 percent of sales took place in North America.