Total Sales Exceed $660 Million In First Three Months Of 2020 -- 8.8% Down Over 1Q/19
The Aircraft Electronics Association released its first-quarter 2020 Avionics Market Report. In the first three months of the year, total worldwide business and general aviation avionics sales amounted to $660,428,548.41, or more than $660 million as reported by the participating companies. The figure represented an 8.8% decrease in total sales compared to the first-quarter 2019 amount of $724,168,387.64, or more than $724 million. It also ended a streak of 12 consecutive quarters with a reported increase in year-over-year sales. However, this year's first-quarter sales showed a 3.2% increase compared to the same period two years ago in 2018, when sales were $639