Wednesday, June 5, 2013
AEA Reports 1Q GA Avionics Sales of $1.7 Billion
In its first quarterly sales report, the Aircraft Electronics Association (AEA) reported first quarter worldwide general aviation avionics sales of $1.7 billion as reported by 20 participating avionics companies.
The dollar amount (using net sales price, not manufacturer's suggested retail price) includes: all aircraft electronic sales -- including all component and accessories in cockpit/cabin/software upgrades/portables/noncertified aircraft electronics; all hardware (tip to tail); batteries; and chargeable product upgrades from the participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services.
Earlier this year, the AEA introduced its Avionics Market Report, reporting sales figures for all of 2012. This quarterly report is a follow-up to the initial report announced in March. The first year of reporting also will establish a baseline to compare total avionics sales against the same time period the previous year.
"Never before has there been a true capture of the dollar size of the general aviation electronics market," said Paula Derks, AEA president, when the AEA Avionics Market Report was unveiled last March. "Not only will this report be useful to our membership in strategic planning and examining market share, but it will be valuable information to promote our industry to the aviation community, investors, and most importantly, when informing our elected officials of the value of the industry to the global economy."