In the first six months of 2022, general aviation avionics sales worldwide topped $1.3 billion, according to the second-quarter 2022 Avionics Market Report from the Aircraft Electronics Association.
Second-quarter sales increased 11.7% 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, according to the report.
The figure represented a 15.8% increase in total sales compared to the first six months of 2021. That increase was driven by a 35.6% increase in forward-fit sales compared to the same time frame one year ago, AEA officials said.
“It is encouraging to see sales continue to climb, up nearly 16% compared to the first six months of 2021, but we also must consider the inflationary pressures that could factor into that increase,” said AEA President and CEO Mike Adamson. “Companies participating in the market report indicated they had increased their prices nearly 6%, which is substantial, yet below the 8.5% rise in the U.S. annual consumer price index reported in July. The effort to manage and maintain the flow of products by our avionics OEMs dealing with supply constraints and the ever-increasing cost to produce and recertify their products is extraordinary.”
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.
The more than $373 million in forward-fit sales marks the second-largest sales total in that category in the report’s history since 2013, just shy of the more than $376 million reported in the second quarter of 2019.
According to the companies that separated their 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, while 26.4% took place in other markets.
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. It does not include repairs and overhauls, extended warranty, or subscription services.
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