Avionics sales top $1.72 billion in Q3
Nov. 22, 2013, Lee's Summit, Mo. - The Aircraft Electronics Association announced its third quarter Avionics Market Report for this year. In the months of July, August and September 2013, total worldwide avionics sales amounted to more than US$1.72 billion, as reported by the 20 aviation electronics manufacturers participating in the report.
November 22, 2013 By Carey Fredericks
The extent of the quarterly report simply is one total number: the collective sales figure – both forward-fit and retrofit – for the current time period sales, as received from the participating manufacturers.
The dollar amount (using net sales price, not manufacturer's suggested retail price) includes: all 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.
The third quarter sales were the most robust of the three quarters reported thus far in 2013. For example, the first quarter sales were more than US$1.7 billion, while the second quarter report amounted to more than $1.6 billion.
By combining the first three quarterly reports of the year, US$5 billion in total worldwide avionics sales has been reported in the first nine months of 2013. Last year's total year-end sales for 2012 amounted to nearly US$6.3 billion. The 2013 year-end report will be announced at the 57th annual AEA International Convention & Trade Show, March 12-15, 2014, in Nashville, Tenn.
"It's important to remember that the AEA Avionics Market Report is still in its first year of existence, and it has not had the opportunity to gather and report a complete year's worth of data on a quarter-by-quarter basis," said Paula Derks, AEA president. "However, the first year of reporting will establish a baseline to compare future total avionics sales against the same time period from previous years."