Avionics Sales See Huge Bump in 2022
Aircraft Electronics Association recently released worldwide avionic sale figures through Q3 2022. Below are some key takeaways from the report:
“The latest numbers from the Aircraft Electronics Association show that total worldwide business and general aviation avionics sales topped $2 billion in the first nine months of 2022, an 18.3% jump from the same time a year ago.”
“The third-quarter Avionics Market Report shows that third-quarter sales increased 4.6% from the second quarter of 2022, marking the ninth consecutive quarter of increasing sales.”
“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.”
“73.7% of the year-to-date sales volume occurred in North America, while 26.4% took place in other markets.”
“The number of companies that participate in the AEA Avionics Market Report may change on a quarterly or annual basis. This may occur due to mergers and acquisitions during the year, along with new companies participating in the reporting process, AEA officials noted.”
“Companies participating in the latest report include:
ACR Artex
ALTO Aviation
Anodyne Electronics Manufacturing Corp.
Appareo
Aspen Avionics
BendixKing
Blue Avionics
Collins Aerospace
FreeFlight Systems
Garmin
Genesys Aerosystems
Gogo Business Aviation
Honeywell Business & General Aviation
Jupiter Avionics
L3Harris Technologies
Mid-Continent Instruments and Avionics
Nighthawk Flight Systems Inc.
PS Engineering
Sandia Aerospace
Shadin Avionics
Trig Avionics
Universal Avionics, an Elbit Systems Co.”
You can learn more about the Avionics Market Report at AEA.net/MarketReport.
Staff, G. A. N. (2022, December 8). Avionics sales continue to climb. General Aviation News. Retrieved December 8, 2022, from https://generalaviationnews.com/2022/12/08/avionics-sales-continue-to-climb/