Avionics News - October 2023 - 12

AAE
NOW
ASSOCIATION NEWS, EVENTS & INFORMATION
AEA unveils second-quarter
2023 Avionics Market Report
Total sales exceed $1.6 billion in first six months of 2023
The Aircraft Electronics Association recently published its second-quarter 2023 Avionics Market
Report. In the first six months of the year, total worldwide business and general aviation avionics sales
amounted to $1,601,414,712.48, or more than $1.6 billion as reported by the participating companies.
Second-quarter sales increased 5.9% sequentially from the first quarter of 2023. During the secondquarter
months of April, May and June, sales increased 16.2% compared to the same time frame one year
ago. With more than $823 million in sales during the second quarter, it marked the highest quarterly sales
volume in the history of the report.
            

 
 
 
YTD 2023


$643,132,693.36
 


$958,282,019.12
 


$1,601,414,712.48
The figure represented a 19.2% increase in total sales compared to the first six months of 2022, which
was driven by a 31.7% increase in forward-fit sales compared to the same time frame one year ago.
Also of note, the industry garnered the largest quarterly forward-fit sales volume in the history of the
report with more than $490 million in avionics sales to OEMs. It is only the third time that quarterly
forward-fit sales topped $400 million.
           
2022
2023
 
 
YTD
$615,690,305.35
$727,552,256.08
$1,343,242,561.43
$643,132,693.36
$958,282,019.12
$1,601,414,712.48
% Change
4.5%
31.7%
19.2%
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/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.
12 AVIONICS NEWS * OCTOBER 2023
Avionics News - October 2023

Table of Contents for the Digital Edition of Avionics News - October 2023
