In its 2019 year end Avionics Market Report, the Aircraft Electronics Association discloses that total worldwide business and general aviation avionics sales for that year amounted to $3,005,839,505, as reported by the participating companies.

The figure represents a 10.2 per cent increase in total year end sales compared to 2018. During the fourth quarter months of October, November and December, sales increased 5.3 per cent compared to the same time frame one year ago.

The dollar amount reported, using net sales price and not manufacturer's suggested retail price, covers all business and general aviation aircraft electronic sales, including all component and accessories in cockpit/cabin/software upgrades/portables/certified and 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 $3 billion in sales in 2019, 55.1 per cent came from the retrofit market (avionics equipment installed after original production), while the rest was accounted for by forward-fit sales (avionics equipment installed by airframe manufacturers during original production).

According to the companies that separated their total sales figures between North America (US and Canada) and other international markets, 74.7 per cent of the 2019 sales volume occurred in North America, while 25.3 per cent took place in other international markets.

“For the first time, the business and general aviation avionics industry has reported more than $3 billion in year-end sales,” says AEA president and CEO Mike Adamson. “In addition, the industry has reported an increase in year-over-year sales for three straight years and 12 consecutive quarters. As leaders in product innovation, it's clear that the contributions to the international economy by avionics manufacturers are significant.”