AEA Reports Year-to-Date Avionics Sales Top $2.4 Billion

In spite of dipping slightly compared to last quarter, Q3 sales are still some of the highest on record.

Tuesday, November 07, 2023 at 05:21 PM ET

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AEA’s quarterly Avionics Market Report tracks sales of avionics for business and general aviation aircraft. [Courtesy: AEA]

Key Takeaways:

Avionics sales reached $2.4 billion for the first nine months of 2023, marking a 15.9% increase year-over-year.
The third quarter alone saw $814 million in sales, representing a 9.9% increase compared to Q3 last year and becoming the second-highest quarterly volume in the report's history.
The forward-fit market led sales, accounting for 59.3% of the year-to-date total and experiencing a 26.2% increase over the previous year.
Despite strong sales and improving supply chain issues, the industry continues to face significant workforce needs and capacity issues, resulting in growing backlogs.

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The Aircraft Electronics Association (AEA) has found that avionics sales topped $2.4 billion over the first nine months of the year.

In its recently released Avionics Market Report, the organization also noted that third-quarter sales increased 9.9 percent compared to the same time period last year. While avionics sales increased year over year, Q3 numbers dropped 1.1 percent compared to the previous quarter, which set a record for the highest quarterly sales volume in the history of the report. Even with the slight dip, AEA says the $814 million sold in Q3 2023 marks the second-highest quarterly sales volume in the report’s history after Q2.