By S.L. Fuller | May 16, 2017
The Aircraft Electronics Assn. (AEA) has released its Q1 2017 Avionics Market Report. Compared to the same quarter in 2016, AEA said sales have increased by 0.01%.
“Although the sales amount was nearly identical to the first three months of 2016,” AEA said, “it marked the first time since the fourth quarter of 2015 that sales increased during the same period from the previous year, snapping a string of seven consecutive quarterly reports showing a decrease in sales from the previous year.”
During the first quarter of 2017, retrofit avionics sales showed an increase of 25.9% from the same quarter of 2016 at some $322.9 million. However, AEA’s report shows a decrease in forward-fit avionics sales of 21.4% compared to the same quarter last year, at some $243.2 million. The majority of avionics sales in Q1 2017 came from North America at 69.3%, according to companies that separate sales figures from North America and other international markets. Dollar amounts are reported using net sales price, not manufacturer’s suggested retail price.
"This quarter offers mixed reviews, as industry saw a substantial decrease in forward-fit sales offset by a larger increase in retrofit sales," said AEA President Paula Derks. "We have seen an increase in the percentage of sales coming from the retrofit market for four straight years, but this quarter marks the biggest swing toward that industry segment. Although the final sales amount was nearly identical to the first three months of 2016, it indeed showed a slight increase for the first time in several reporting cycles, which ends a downward trend during the last couple of years."
Companies who submit figures for this report include: