Total global sales of business and general aviation aircraft electronics systems during the first nine months of the year increased to $1,761,553,466.94, or more than $1.7 billion for companies participating in the Aircraft Electronics Association's (AEA) third-quarter 2021 avionics market report.
According to AEA, the reported more than $1.7 billion in global business and general aviation avionics sales between January and September increased by 5.4 percent in total sales when compared to the same period a year ago. During the third quarter alone, sales increased by 15.8 percent compared to the same time period last year.
Of the more than $1.7 billion in sales during the first nine months 2021, 53.7 percent came from the retrofit market, while forward-fit activity amounted to 46.3 percent of sales. That marks the second consecutive quarter of year-over-year avionics sales growth for suppliers that participate in the AEA report.
"We are encouraged that this report indicates industry sales are continuing an upward trend despite the lingering pandemic and changing market forces," AEA President and CEO Mike Adamson said in a statement. "Although industry has seen robust sales during some unprecedented times, there are still challenges with the supply chain and workforce to work through as we close out the year and look ahead to 2022.”