Avionics News January 2018 - 10
Retrofit market boosts avionics sales 4.1 percent over first nine months of last year Total avionics sales exceed $1.73 billion in first nine months of 2017 The Aircraft Electronics Association recently released its third-quarter 2017 Avionics Market Report. In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $1,732,915,016.06, or more than $1.73 billion as reported by the participating companies. First nine months of 2017 worldwide business and general aviation avionics sales Quarter 1Q 2017 2Q 2017 3Q 2017 Retrofit $322,894,119.55 $321,050,733.34 $355,945,211.00 Forward-fit $243,285,661.06 $257,742,985.11 $231,996,306.00 Total Sales $566,179,780.61 $578,793,718.45 $587,941,517.00 YTD 2017 $999,890,063.89 $733,024,952.17 $1,732,915,016.06 The figure represented a 4.1 percent increase in year-over-year sales compared to the first nine months of 2016 amount of $1,664,109,078.49. Sales during the third-quarter months of July, August and September in 2017 were $587,941,517.00, a 7.1 percent increase compared to the 2016 third-quarter sales of $548,849,118.30. First nine months of worldwide business and general aviation avionics sales Retrofit Forward-fit YTD 2016 $779,605,452.12 $884,503,626.37 2017 $999,890,063.89 $733,024,952.17 % Change 28.3% -17.1% $1,664,109,078.49 $1,732,915,016.06 4.1% The dollar amount reported (using net sales price, not manufacturer's suggested retail price) includes: all business and general aviation aircraft electronic sales - including all component and accessories in cockpit/cabin/software upgrades/ portables/certified and noncertified aircraft electronics; all hardware (tip to tail); batteries; and chargeable product upgrades from the participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services. Of the more than $1.73 billion in sales during the first nine months of 2017, 57.7 percent came from the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 42.3 percent of sales. According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 73.5 percent of sales in the first nine months of 2017 occurred in North America (U.S. and Canada), while 26.5 percent took place in other international markets. 10 avionics news * january 2018
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