AEA Issues Third Quarter 2013 Avionics Market Report
LEE'S SUMMIT, MO., Nov. 22, 2013 -- 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 $1,721,888,397.14, or more than $1.72 billion, as reported by the 20 aviation electronics manufacturers participating in the report.
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 of $1,721,888,397.14 were the most robust of the three quarters reported thus far in 2013. For example, the first quarter sales were $1,706,006,894.49, or more than $1.7 billion, while the second quarter report amounted to $1,620,201,160.49, or more than $1.6 billion.
By combining the first three quarterly reports of the year, $5,048,096,452.12 in total worldwide avionics sales has been reported in the first nine months of 2013, or more than $5 billion. Last year's total year-end sales for 2012 amounted to $6,279,317,197.54, or nearly $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."
