Avionics News May 2015 - 9

"The report indicates modest year-over-year growth in sales for the second straight year," said AEA President Paula
Derks when unveiling the 2014 data at the AEA Convention's state of the industry session on April 9. "This is only the
third year of the report's existence, but it is beginning to establish a solid baseline to better evaluate and compare data
in the years ahead. Interestingly, the year-end report noted that more than 37 percent of avionics sales took place outside the United States and Canada, which is another indicator that the business and general aviation industry truly is
an international market. Also of note is the fact that the first six months of 2014 contributed to a little more than half
of the year's total sales volume when compared to the third and fourth quarters. This may be worth watching in future
years to determine if there exists some seasonality in sales trends within the course of a single year."
Below is a review of the year-end totals for the three-year history of the AEA Avionics Market Report. Participating
companies began separating total sales into retrofit/forward-fit sales in 2013.
Yearly Totals
Year
2012
2013
2014

Retrofit
N/A
$1,114,263,226.00
$1,228,201,491.23

Forward-fit
N/A
$1,315,035,458.50
$1,299,365,811.19

Total Sales
$2,229,317,197.54
$2,429,298,684.50
$2,527,567,302.42

% Change From
Previous Year
N/A
9.0%
4.0%

History and Background Information
The AEA first introduced its Avionics Market Report March 26, 2013, during the 56th annual AEA International
Convention & Trade Show in Las Vegas, Nevada.
Prior to 2012, there never had been an effort to capture the true dollar size of the business and general aviation avionics market. The concept to produce the AEA Avionics Market Report began in April 2012, when the AEA formed an ad hoc
committee comprised of representatives of avionics manufacturers to create a tool for strategic planning and examining
market share.
"This report provides valuable information to promote the business and general aviation avionics industry to investors
and inform elected officials of its global economic value," Derks said when the report was first introduced.
To ensure confidentiality, the participating manufacturing companies submit their sales figures to an independent
third-party accounting firm retained to produce the AEA Avionics Market Report. The companies currently participating in
the report include:
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*
*
*
*
*
*
*

Accord Technology
Alto Aviation
Anodyne Electronics Manufacturing Corp.
Aspen Avionics
BendixKing
Cool City Avionics
FreeFlight Systems
Garmin

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*
*
*
*
*
*
*

Genesys Aerosystems
Gogo Business Aviation
Honeywell Business & General Aviation
ICG
Jupiter Avionics
Latitude Technologies
L-3 Aviation Products
Mid-Continent Instruments and Avionics

*
*
*
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PS Engineering
Rockwell Collins
Sandia Aerospace
Shadin Avionics
Trig Avionics
Universal Avionics
Systems Corp.

The number of companies that participate in the AEA Avionics Market Report may change on a quarterly and/or annual
basis, and any comparative analysis of the data should take this into consideration.
For the 2014 reporting cycle, the 22 companies listed remained the same and did not change during the course of the year.
All dollar amounts noted are U.S. dollars. The AEA Avionics Market Report should not be considered a predictive indicator of future industry sales activity. The circumstances discussed in the report may not occur in future time periods,
and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting the
AEA Avionics Market Report and the companies that participate in the report. No forward-looking statement can be
guaranteed. Forward-looking statements speak only as of the date on which they are made, and the Aircraft Electronics
Association, along with the participating companies in the AEA Avionics Market Report, undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
More information about the AEA Avionics Market Report is available online at aea.net/marketreport. q

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Avionics News May 2015

Table of Contents for the Digital Edition of Avionics News May 2015