Strong Aftermarket Demand Pushes Business, General Avionics Sales Above $2.3 Billion In 2017 Written 21 February 2018

Aviation Today reports that business and general avionics sales totaled more than $2.3 billion worldwide in 2017, a “2.9% increase compared to 2016, according to the year-end avionics market report released by the Aircraft Electronics Association (AEA).” AEA President Paula Derks called “sales growth in the retrofit market...the obvious headline for the year.” Aftermarket avionics upgrades accounted for more than 57 percent of installations in 2017, a 20.1 percent increase “over 2016, and the highest recorded sales figure, $1.3 billion, for aftermarket avionics upgrades since AEA first introduced its avionics market report in 2013.” The majority of the sales reported took place in North America, and just 26.5 percent of sales took place outside the US and Canada. Derks added that many “avionics shops are telling us that aircraft owners are electing to order full-panel avionics upgrades rather than just the ADS-B equipment.” Derks speculated that it will be “interesting to see whether the retrofit market continues to grow significantly in the next two years.”
More Info (Aviation Today)