AEA unveils second-quarter 2022 Avionics Market Report

The Aircraft Electronics Association released its second-quarter 2022 Avionics Market Report. In the first six months of the year, total worldwide business and general aviation avionics sales amounted to$1,343,242,561.43, or more than $1.3 billion as reported by the participating companies.

Second-quarter sales increased 11.7% sequentially from the first quarter of 2022, marking the eighth consecutive quarter of increasing sales. During the second-quarter months of April, May and June, sales increased 19.9% compared to the same time frame one year ago.

First six months of 2022 worldwide business & general aviation avionics sales

Quarter

Retrofit

Forward-fit

Total Sales

1Q 2022

$280,369,625.35

$354,176,395.08

$634,546,020.43

2Q 2022

$335,320,680.00

$373,375,861.00

$708,696,541.00

YTD 2022

$615,690,305.35

$727,552,256.08

$1,343,242,561.43

The figure represented a 15.8% increase in total sales compared to the first six months of 2021, which was driven by a 35.6% increase in forward-fit sales compared to the same time frame one year ago.

The more than $373 million in forward-fit sales marks the second-largest sales total in that category in the report's history, just shy of the more than $376 million reported in the second quarter of 2019.

First six months of worldwide business & general aviation avionics sales

2021

2022

% Change

Retrofit

$623,201,039.00

$615,690,305.35

-1.2%

Forward-fit

$536,536,702.00

$727,552,256.08

35.6%

YTD

$1,159,737,741.00

$1,343,242,561.43

15.8%

The dollar amount reported (using net sales price, not manufacturer's suggested retail price) includes: all business and general aviation aircraft electronic sales -- including all component and accessories in cockpit/cabin/software upgrades/portables/certified and noncertified aircraft electronics; all hardware (tip to tail); batteries; and chargeable product upgrades from the participating manufacturers. The amount does not include repairs and overhauls, extended warranty or subscription services.

Of the more than $1.3 billion in sales during the first half of 2022, 45.8% came from the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 54.2% of sales.

According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 73.6% of the year-to-date sales volume occurred in North America (U.S. and Canada), while 26.4% took place in other international markets.

2022 percentage of total sales by market

Quarter

Retrofit

Forward-fit

1Q 2022

44.2%

55.8%

2Q 2022

47.3%

52.7%

YTD 2022

45.8%

54.2%

2022 percentage of total sales worldwide

Quarter

U.S./Canada

Other International

1Q 2022

72.7%

27.3%

2Q 2022

74.5%

25.5%

YTD 2022

73.6%

26.4%