Total 2023 Sales to Date Exceed $2.4-Billion

The Aircraft Electronics Association (AEA) has released its third-quarter 2023 Avionics Market Report. In the first nine-months of the year, total worldwide business and general aviation avionics sales amounted to $2,415,800,131.52, or more than $2.4-billion as reported by the participating companies. During the third-quarter months of July, August, and September, sales increased 9.9-percent compared to the same time frame one year ago. Although third-quarter sales decreased 1.1-percent sequentially from the second quarter of 2023, the more than $814-million in sales during the third-quarter marked the second-highest quarterly sales volume in the history of the report, surpassed only by the previous qua