Avionics Sales Dip In Third Quarter
Avionics sales dipped slightly in the third quarter of 2014 with total sales more than $614 million, according to statistics released by the Aircraft Electronics Association Tuesday. That's a 5-percent drop compared to the same period of 2013, which saw $646 million in sales. Total sales to date in 2014 topped $1.9 billion, up 2.7 percent from last year's $1.868 million. "While it is disappointing to see the third-quarter sales drop slightly compared to the first half of the year, the industry has experienced modest year-over-year growth in sales compared to the first nine months of 2013," said AEA President Paula Derks. "The report is only in its second year of quarterly reporting, so it's difficult to draw any conclusions on seasonality of sales just yet; however, this will be worth watching in future years."
OEM installations (called forward-fit by AEA) accounted for slightly more than half the dollar value of the installed avionics. New equipment installed in the existing fleet accounted for almost $291 million in sales, about 47.3 percent of total sales. About two-thirds of the total sales happened in North America, based on data supplied by companies that keep track of where their gear goes.