AEA News Release
For more information, contact Geoff Hill,
AEA director of communications, at 816-347-8400 or email@example.com.
For immediate release:
March 26, 2013
AEA Unveils 2012 Avionics Market Report
Industry Total Avionics Sales Amount to Nearly $6.3 Billion
LAS VEGAS, NEV., March 26, 2013 -- On Tuesday, March 26, the Aircraft Electronics Association introduced its first Avionics Market Report during the Opening Ceremonies of the
56th annual AEA International Convention & Trade Show at the MGM Grand Hotel & Convention Center in Las Vegas, Nev.
During the past year, the AEA formed an ad hoc committee comprised of representatives of avionics manufacturers to solicit input on a new benefit for the AEA membership and general aviation industry: the AEA Avionics Market Report.
This announcement marks the first phase of the report, which includes one total number: the collective sales figure -- both forward-fit and retrofit -- for year-end 2012 sales, as received from participating manufacturers. The report will eventually expand and become a quarterly report. In 2014, the report will be enhanced to include dividing the numbers into domestic and international sales, fixed-wing versus rotorcraft, airplane categories and subscription sales.
To date, 20 aviation electronics manufacturers have committed to participate in the report. Additional manufacturers will continue to be invited to contribute sales data. The total year-end 2012 avionics sales as represented by the 20 manufacturers was $6,279,317,197.54.
The amount (using net sales price, not manufacturer's suggested retail price) includes: all 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 20 participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services.
The second phase of the report will expand further to report not only the dollar amount of sales, but both certified and noncertified aircraft electronics units sold.
"Never before has there been a true capture of the dollar size of the general aviation electronics market," said Paula Derks, AEA president. "Not only will this report be useful to our membership in strategic planning and examining market share, but it will be valuable information to promote our industry to the aviation community, investors, and most importantly, when informing our elected officials of the value of the industry to the global economy."
To ensure confidentiality, the participating manufacturing companies submitted their overall sales figure for 2012 to an independent third-party accounting firm retained to produce the AEA Avionics Market Report. Additional manufacturers will be encouraged to participate as the report continues to grow. The 20 participating companies in the initial report included:
- Accord Technology
- Aerosonic Corp.
- Anodyne Electronics Manufacturing Corp.
- Aspen Avionics
- Cobham (Mineral Wells)
- Cool City Avionics
- FreeFlight Systems
- Honeywell Business & General Aviation
- Jupiter Avionics
- Latitude Technologies
- Mid-Continent Instruments and Avionics
- Rockwell Collins
- Sandia Aerospace
- Shadin Avionics
- Trig Avionics
- Universal Avionics Systems Corp.
For more information about the AEA, visit www.aea.net.
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Founded in 1957, the Aircraft Electronics Association represents nearly 1,300 member companies in 43 countries, including government-certified international repair stations specializing in maintenance, repair and installation of avionics and electronic systems in general aviation aircraft. The AEA membership also includes manufacturers of avionics equipment, instrument repair facilities, instrument manufacturers, airframe manufacturers, test equipment manufacturers, major distributors, engineers and educational institutions.