Total avionics sales topped $2.4 billion in the first nine months of 2023, a 15.9% increase in total sales compared to the first nine months of 2022, according to the latest figures from the Aircraft Electronics Association.
Aircraft Electronics Association
The latest figures from the Aircraft Electronics Association show that avionics sales in the second quarter of 2023 topped $823 million — the highest quarterly sales volume since the association began its Avionics Market Report 11 years ago.
The publication helps pilots and aircraft owners make better buying decisions and locate nearly 1,300 AEA member companies in more than 40 countries, including approved maintenance organizations specializing in maintenance, repair, and installation of avionics equipment in general aviation aircraft, according to AEA officials.
During the opening session of the 66th annual Aircraft Electronics Association International Convention & Trade Show on April 24, 2023, the FAA presented the Charles Taylor Master Mechanic Award to Ric Peri, the association’s vice president of government and industry affairs.
A recent “Ask the Industry” poll by the Aircraft Electronics Association finds that 83.5% of repair stations are hiring technicians now or will need to hire more people later in 2023.
Worldwide general aviation avionics sales topped $2.8 billion in 2022, a 21.5% increase compared to 2021 — the largest percentage increase in the 11-year history of the Aircraft Electronics Association’s Avionics Market Report.
The new AeroCareers.net website offers a spotlight on career paths in aviation and includes links to jobs, scholarships, aviation schools, veterans’ resources, information for educators, salary data, and more.
The AEA Educational Foundation will award multiple scholarships for the 2023-24 school year to students pursuing a career in avionics or aircraft maintenance, as well as students from AEA member companies.
The third-quarter Avionics Market Report shows that third-quarter sales increased 4.6% from the second quarter of 2022, marking the ninth consecutive quarter of increasing sales.