Avionics News April 2016 - 11

2015 percentage of total sales by market
Quarter
1Q 2015
2Q 2015
3Q 2015
4Q 2015
2015 Totals

Retrofit
47.2%
48.1%
50.6%
49.6%

Forward-fit
52.8%
51.9%
49.4%
50.4%

U.S./Canada
65.5%
63.5%
63.9%
64.1%

Other International
34.5%
36.5%
36.1%
35.9%

49.1%

50.9%

64.2%

35.8%

"As noted earlier this year, the report showed some softness in sales during the first nine months of 2015,
as sales were down 7.5 percent compared to the first nine months of 2014," said AEA President Paula Derks.
"However, that trend reversed itself during the fourth quarter, as sales topped $653 million, a 7.2 increase from
the $609 million in sales during the last three months of 2014. Despite the positive surge late in the year, our
industry reported a 4.4 percent decline in year-over-year sales from 2014. Another interesting note is the fact that
total sales are now nearly evenly split between the retrofit and forward-fit markets." 
Below is a review of the year-end totals for the four-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
2015

Retrofit
N/A
$1,114,263,226.00
$1,228,201,491.23
$1,187,389,485.21

Forward-fit
N/A
$1,315,035,458.50
$1,299,365,811.19
$1,229,049,502.21

Total Sales
$2,229,317,197.54
$2,429,298,684.50
$2,527,567,302.42
$2,416,438,987.42

% Change From
Previous Year
N/A
+9.0%
+4.0%
-4.4%

The companies currently participating in the report include: Alto Aviation; Anodyne Electronics Manufacturing
Corp.; Appareo Systems; Aspen Avionics; BendixKing; Cool City Avionics; FreeFlight Systems; Garmin; Genesys
Aerosystems; Gogo Business Aviation; Honeywell Business & General Aviation; Jupiter Avionics; Latitude
Technologies; L-3 Aviation Products; Mid-Continent Instruments and Avionics; PS Engineering; Rockwell
Collins; Sandia Aerospace; Shadin Avionics; Trig Avionics; and Universal Avionics Systems Corp. 
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

avionics news

*

april

2016

11
http://www.aea.net/marketreport
Table of Contents for the Digital Edition of Avionics News April 2016
