LEE'S SUMMIT, MISSOURI, Sept. 2, 2014 -- The Aircraft Electronics Association released its second-quarter 2014 Avionics Market Report. 

In the three-month period of April, May and June 2014, total worldwide business and general aviation avionics sales amounted to $652,127,054.68, or more than $652 million.

The figure represented a 2.7 percent increase in sales compared to the second-quarter 2013 amount of $635,201,160.49, or more than $635 million as reported a year ago by the participating companies. 

The amount of sales also marked a slight uptick in total sales from the first three months of the year, as first-quarter sales amounted to $651,748,994.12, or more than $651 million.

Combined with the first-quarter sales figures, total worldwide sales now exceed $1.3 billion through the first six months of the year, a 6.8 percent increase when compared to the first six months of 2013.

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/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 $652 million in total sales in the second quarter, $333,657,572.91, or more than $333 million, came from forward-fit (avionics equipment installed by airframe manufacturers during original production) sales and comprised 51.2 percent of total sales. Retrofit (avionics equipment installed after original production) sales amounted to $318,469,481.77, or more than $318 million, comprising 48.8 percent of total sales.

According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 62.7 percent of the sales volume occurred in North America (U.S. and Canada), while 37.3 percent took place in other international markets.

"It will be interesting to observe total sales figures in the years ahead, particularly as we get closer to the 2020 ADS-B Out mandate in the U.S. and the fact that several avionics manufacturers recently introduced new ADS-B solutions for the business and general aviation marketplace," said Paula Derks, AEA president.

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.

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:

• Accord Technology
• Aircell
• Alto Aviation
• Anodyne Electronics Manufacturing Corp.
• Aspen Avionics
• BendixKing
• Cool City Avionics
• FreeFlight Systems
• Garmin
• Genesys Aerosystems
• Honeywell Business & General Aviation
• ICG
• Jupiter Avionics
• Latitude Technologies
• L-3 Aviation Products
• Mid-Continent Instruments and Avionics
• 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. 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.

For more information and history of the AEA Avionics Market Report, click here.