This page contains a Flash digital edition of a book.
NEWS


same participating companies in 2012 and 2013, the report shows sales growth of 6.9 percent. In addition, of the more than $2.4 billion in total sales reported for 2013, $1,315,035,458.50, or more than $1.3 billion, came from forward-fit sales and accounted for 54 percent of total sales. Retrofit sales amounted to $1,114,263,226.00, or more than $1.1 billion, comprising 46 percent of total sales. “The association and the participating manufacturers agreed that it was important to adjust the report to only reflect the amount of total avionics sales in the business and general aviation markets,” says Paula Derks, AEA president. “It was recently discovered that some of the participating manufacturers inadvertently included sales from their military and air transport markets when they reported 2012 year-end sales figures. However, the mission of the AEA Avionics Market Report is to exclusively measure the value of the avionics industry for business and general aviation, both forward-fit and retrofit sales. “It’s also important to note that the 2012 year-end adjusted amount is not a reflection of a downturn in sales. It is simply a correction of last year’s sales total for the business and general aviation market only, and we do not expect any further adjustments to future reporting.” As anticipated, the data in the 2013 year-end report was expanded from the previous year’s report. The participating manufacturers not only reported their total sales amount, but they also reported the total sales generated in both the forward-fit and retrofit markets for the first time. 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. 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, Nev. “Prior to 2012, there never had been an effort to capture the true dollar size of the business and general aviation avionics market,” says Paula Derks, AEA president. “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 our industry to investors and inform our elected officials of the global economic value of the business and general aviation avionics industry.” 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 • Anodyne Electronics Manufacturing Corp. • Aspen Avionics • BendixKing


• Cobham (Mineral Wells) • Cool City Avionics • FreeFlight Systems • Garmin • Honeywell Business & General Aviation • ICG • Jupiter Avionics • Latitude Technologies • L-3 Aviation Products • Mid-Continent Instruments and Avionics • PS Engineering • Rockwell Collins • Sandia Aerospace


04 2014 49


DOMmagazine.com


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64