Avionics Industry Appears On Pace To Outperform 2012
During our wall-to-wall coverage of AEA2013, the annual Aircraft Electronics Association Convention and Trade Show, we were pleased to help introduce a massive new initiative on the part of this uncommonly progressive (and aggressive) industry organization. The AEA first introduced its Avionics Market Report March 26, 2013, during the 56th annual AEA International Convention & Trade Show in Las Vegas, NV. During the event's Opening Ceremonies, the association reported the total year-end international avionics sales for 2012 amounted to $6,279,317,197.54, or nearly $6.3 billion.
Just hours ago, AEA updated the latest report with the release of the Second Quarter results for 2013. It shows the industry on pace to outperform 2012. In the months of April, May and June 2013, total worldwide avionics sales amounted to $1,620,201,160.49, or more than $1.6 billion, as reported by the 20 aviation electronics manufacturers participating in the report. Mind you, 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 second quarter sales were 5 percent less than what was reported in the first quarter 2013 report, which amounted to $1,706,006,894.49, or more than $1.7 billion. Monday's announcement marks the second quarterly report following the initial announcement in March. In addition, the first year of reporting also will establish a baseline to compare future total avionics sales against the same time period the previous year.
The concept to produce the AEA Avionics Market Report began in April 2012, when the AEA formed an ad hoc committee comprised of representatives of avionics manufacturers to solicit input on a new benefit for the AEA membership and general aviation industry. To date, 20 aviation electronics manufacturers have committed to participate in the report. Additional manufacturers will continue to be invited to contribute sales data. The AEA Avionics Market Report will continue to expand and provide greater detail in future reports.
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