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

Verified

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

Key Takeaways:

Avionics sales for the first nine months of 2023 reached over $2.4 billion, a 15.9% increase compared to the same period in 2022.
Third-quarter sales totaled $814 million, marking the second-highest quarterly volume in the report's history, with forward-fit sales growing 26.2% year-over-year and comprising 59.3% of year-to-date sales.
Despite improvements in supply chain issues, the avionics industry continues to face significant workforce capacity challenges, leading to increasing backlogs for manufacturers.

See a mistake? Contact us.

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.