Avionics Sales Notch Q3 Record

 - December 8, 2022, 10:53 AM
Total avionics sales for the third quarter and nine months of 2022 were up double digits compared with the same periods last year. (Photo: Elliott Aviation)

Sales of avionics installed in newly manufactured aircraft topped more than $407 million in the third quarter, a record, according to the Aircraft Electronics Association’s Avionics Market Report for the third quarter of 2022.

Combined with retrofit avionic installation sales of $333.3 million—flat from the third quarter of 2021—total avionics sales for the three-month period were $741.2 million. That’s a 23 percent increase in sales from last year’s third quarter. The majority of sales, 73.8 percent, were made in the U.S. and Canada, while other countries accounted for 26.2 percent of sales.

For the first nine months of 2022, total sales were more than $2 billion: $1.13 billion in forward-fit sales and $949 million in retrofit sales, up 18.3 percent from total sales of $1.76 billion in the same period a year ago.

The report is based on data from 22 manufacturers and their sales of all components and accessories in the flight deck and cabin; software upgrades; portables; certified and noncertified aircraft electronics; all hardware; batteries; and chargeable product upgrades.

“While year-over-year avionics sales in the retrofit market are nearly flat, the overwhelming majority of the total sales growth is taking place in the forward-fit market,” said AEA president and CEO Mike Adamson. “Avionics installed in newly manufactured aircraft were valued at more than $400 million this quarter for the first time in our report's history, and our industry is seeing a healthy demand for brand-new general aviation aircraft.”