Avionics News January 2023 - 10

A EA
NOW
ASSOCIATION NEWS, EVENTS & INFORMATION
AEA UNVEILS THIRD-QUARTER 2022
AVIONICS MARKET REPORT
Total sales exceed $2 billion in first nine months of 2022
The Aircraft Electronics Association recently published its third-quarter 2022 Avionics Market Report. In the first nine
months of the year, total worldwide business and general aviation avionics sales amounted to $2,084,494,844.43, or more
than $2 billion as reported by the participating companies.
Third-quarter sales increased 4.6% sequentially from the second quarter of 2022, marking the ninth consecutive quarter
of increasing sales. During the third-quarter months of July, August and September, sales increased 23.2% compared to the
same time frame one year ago.
First nine months of 2022 worldwide business and general aviation avionics sales
Retrofit
Quarter
1Q 2022
2Q 2022
3Q 2022
YTD 2022
Forward-fit
$280,369,625.35
$335,320,680.00
$333,335,061.00
$949,025,366.35
$354,176,395.08
$373,375,861.00
$407,917,222.00
$1,135,469,478.08
Total Sales
$634,546,020.43
$708,696,541.00
$741,252,283.00
$2,084,494,844.43
The figure represented an 18.3% increase in total sales compared to the first nine months of 2021, which was driven by a 39.1%
increase in forward-fit sales compared to the same time frame one year ago.
The more than $407 million in forward-fit sales marks the largest sales total in that category in the report's history, surpassing the
previous high of more than $376 million reported in the second quarter of 2019.
First nine months of worldwide business and general aviation avionics sales
2022
2021
Retrofit
Forward-fit
YTD
$945,509,942.85
$816,043,524.09
$1,761,553,466.94
$949,025,366.35
$1,135,469,478.08
$2,084,494,844.43
% Change
0.4%
39.1%
18.3%
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 $2 billion in sales during the first nine months of 2022, 45.5% 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 54.5% of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other
international markets, 73.7% of the year-to-date sales volume occurred in North America (U.S. and Canada), while 26.4% took
place in other international markets.
10 avionics news * january 2023

Avionics News January 2023

Table of Contents for the Digital Edition of Avionics News January 2023

Avionics News January 2023 - Intro
Avionics News January 2023 - Cover1
Avionics News January 2023 - Cover2
Avionics News January 2023 - 1
Avionics News January 2023 - 2
Avionics News January 2023 - 3
Avionics News January 2023 - 4
Avionics News January 2023 - 5
Avionics News January 2023 - 6
Avionics News January 2023 - 7
Avionics News January 2023 - 8
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Avionics News January 2023 - 14
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Avionics News January 2023 - 20
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Avionics News January 2023 - 64
Avionics News January 2023 - Cover3
Avionics News January 2023 - Cover4
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