November -0001

Price: $1,480.00

North American GPS Avionics Retrofit Markets

Executive Briefing Market Findings

  • Garmin maintains a dominant GPS retrofit market share position, with estimated 2007 market share between 75 and 85 percent

  • Lowrance and AvMap are the only two other players of note within portable and handheld markets

  • This market is still essentially limited by the number of aircraft; even with 3,500 new airframes/year the total addressable market remains stable

  • There is a shrinking addressable market for retrofits in both business and general aviation, due to market saturation, equipment and installation costs and economics of upgrading aging platforms

  • The trend toward forward fit GPS and/or integrated avionics suites in new aircraft further decreases retrofit opportunities through 2018 and beyond

  • Roughly 3,500 aircraft/year are produced within BA and GA in North America; nearly all will have GPS and/or integrated avionics capabilities

Key Figures

  • Market will decrease from $95.6 million in 2007 to 61.4 million in 2018

  • Revenue Compound Annual Growth Rate for the forecast period is -6.0%

  • On an installed base sample of 1,297 aircraft, G2 Solutions found a 92.5 percent GPS equipage rate among both GA and BA Aircraft

Near Term Outlook

  • Opportunities for new sales and installations do exist within General Aviation, despite all the talk of this being a saturated market. At the entry/VFR end of the GA market equipment sales of portable and handheld units are forecast to achieve a CAGR of 2.2 percent through 2018

  • G2 Solutions does not expect an equipment price decline in either integrated systems or panel mount GPS systems. Increased capabilities (e.g. WAAS, XM and others) will have equipment prices inching higher throughout the forecast period


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