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

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

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

 2022 percentage of total sales worldwide