General aviation avionics sales for the second quarter (Q2) of 2023 hit the highest quarterly sales volume in the history of the Aircraft Electronics Association’s (AEA) Avionics Market Report, according to the organization. The Q2 2023 report found that sales for the quarter, which came in at $823 million, rose 5.9 percent from the previous quarter and 16.2 percent compared to the same time period in 2022. Total avionics sales for the first half (H1) of the year reached over $1.6 billion, an increase of 19.2 percent over H1 2022.
“This quarterly report makes clear that industry is seeing a recent surge in forward-fit sales, which has topped more than $400 million in three of the past four quarters,” said AEA President and CEO Mike Adamson. “The retrofit market appears to have more modest growth with a 4.5% year-over-year increase in sales.”
Overall, 40.5 percent of Q2 general aviation avionics sales came from retrofit sales and 59.5 percent from the forward-fit market. AEA noted that Q2 2023 also marked the largest quarterly forward-fit sales volume in the history of the report at over $490 million. First published in 2013, AEA’s Avionics Market Report covers all components and accessories in cockpit, cabin, software upgrades, portables, certified and noncertified aircraft electronics for business and general aviation aircraft, as well as all hardware, batteries and chargeable product upgrades from participating manufacturers.
