AEA Unveils First-Quarter 2020 Avionics Market Report
The Aircraft Electronics Association released its first-quarter 2020 Avionics Market Report on May 26.
In the first three months of the year, total worldwide business and general aviation avionics sales amounted to more than $660 million as reported by the participating companies.
The figure represented an 8.8% decrease in total sales compared to the first-quarter 2019 amount of more than $724 million. It also ended a streak of 12 consecutive quarters with a reported increase in year-over-year sales. However, this year's first-quarter sales showed a 3.2% increase compared to the same period two years ago in 2018, when sales were more than $639 million.
"With the passing of the Jan. 1, 2020, deadline to equip aircraft with ADS-B Out avionics in the United States, the end to 12 consecutive quarters of sales growth may not come as a surprise," said AEA President and CEO Mike Adamson. "We also don't yet know the full extent and global impact of the economic damage caused by the COVID-19 pandemic near the end of the first quarter and how it will weigh on the industry and our market figures going forward. The continued operations of business and general aviation could provide a silver lining while commercial aviation remains at a near standstill worldwide."