Avionics manufacturers reported total combined sales of more than $1.72 billion for the third quarter of 2013, according to the latest quarterly avionics market report released by the Aircraft Electronics Association (AEA) Thursday, Nov. 21.
The trends within the quarterly sales figures indicate the reporting manufacturers are on pace to match or improve upon the total year-end sales for 2012 of $6.3 billion.
The report captures sales figures from 20 participating aviation electronic manufacturers and tracks all components and accessories in cockpit, cabin and software upgrades (tip to tail). AEA's report does not track repairs, overhauls and extended warranty or subscription services.
Among reporting companies were Cobham, Garmin, Honeywell, Rockwell Collins and Universal Avionics. The third quarter total was a slight improvement from the first quarter sales of $1.7 billion and second quarter sales of $1.6 billion, bringing the total through the first three quarters of the year to more than $5 billion.
"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.
AEA will present its total 2013 year-end sales figures in March 2014 at the annual AEA convention in Nashville, Tenn.