AEA unveils first-quarter 2022 Avionics Market Report
The Aircraft Electronics Association released its first-quarter 2022 Avionics Market Report. In the first three months of the year, total worldwide business and general aviation avionics sales amounted to $634,546,020.43, or more than $634 million as reported by the participating companies.
First-quarter sales increased 4.8% sequentially from the fourth quarter of 2021, marking the seventh consecutive quarter of increasing sales.
First three months of 2022 worldwide business and general aviation avionics sales
| Quarter | Retrofit | Forward-fit | Total Sales |
|---|---|---|---|
| 1Q 2022 | $280,369,625.35 | $354,176,395.08 | $634,546,020.43 |
The figure represented an 11.6% increase in total sales compared to the first-quarter 2021 amount of $568,810,353, or more than $568 million. This increase was driven by a 34.6% increase in forward-fit sales compared to the same time frame one year ago.
The more than $354 million in forward-fit sales was the largest sales total in that category since the third quarter of 2019 when more than $366 million in forward-fit sales were reported.
First three months of worldwide business and general aviation avionics sales
| 2021 | 2022 | % Change | |
|---|---|---|---|
| Retrofit | $305,667,893.00 | $280,369,625.35 | -8.3% |
| Forward-fit | $263,142,460.00 | $354,176,395.08 | 34.6% |
| YTD | $568,810,353.00 | $634,546,020.43 | 11.6% |
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 $634 million in first-quarter 2022 sales, 44.2% 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 55.8% of first-quarter sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other international markets, 72.7% of the first-quarter sales volume occurred in North America (U.S. and Canada), while 27.3% took place in other international markets.
2022 Percentage of Total Sales by Market
| Quarter | Retrofit | Forward-fit |
|---|---|---|
| 1Q 2022 | 44.2% | 55.8% |
2022 Percentage of Total Sales Worldwide
| Quarter | U.S./Canada | Other International |
|---|---|---|
| 1Q 2022 | 72.7% | 27.3% |
All dollar amounts noted are U.S. dollars. The number of companies that participate in the AEA Avionics Market Report may change on a quarterly and/or annual basis. This may occur due to mergers and acquisitions during the year along with new companies participating in the reporting process. Any comparative analysis of the data should take this variance into consideration.
The AEA Avionics Market Report should not be considered a predictive indicator of future industry sales activity. The circumstances discussed in the report may not occur in future time periods, and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting the AEA Avionics Market Report and the companies that participate in the report. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and the Aircraft Electronics Association, along with the participating companies in the AEA Avionics Market Report, undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
“This quarter’s report is unique in the fact that year-over-year forward-fit sales jumped 34.6%, which coincides with increased airplane deliveries, and we simultaneously saw year-over-year retrofit sales decline 8.3%,” said AEA President and CEO Mike Adamson. “Clearly, growing inflationary pressures and supply chain constraints are ongoing concerns, but to what extent they will impact sales numbers in these two markets this year is uncertain.”
Below is a review of the year-end totals for the 10-year history of the AEA Avionics Market Report. Participating companies began separating total sales into retrofit/forward-fit sales in 2013.
Yearly Totals
| Year | Retrofit | Forward-fit | Total Sales | % Change From Previous Year |
|---|---|---|---|---|
| 2021 | $1,291,830,350.00 | $1,075,761,854.00 | $2,367,592,204.00 | +6.5% |
| 2020 | $1,242,782,844.00 | $980,946,483.00 | $2,223,729,327.00 | -26.0% |
| 2019 | $1,657,413,394.00 | $1,348,426,111.00 | $3,005,839,505.00 | +10.2% |
| 2018 | $1,556,360,964.00 | $1,172,296,145.00 | $2,728,657,109.00 | +17.3% |
| 2017 | $1,342,516,992.84 | $984,335,543.95 | $2,326,852,536.79 | +2.9% |
| 2016 | $1,117,656,848.00 | $1,143,877,972.00 | $2,261,534,820.00 | -6.4% |
| 2015 | $1,187,389,485.21 | $1,229,049,502.21 | $2,416,438,987.42 | -4.4% |
| 2014 | $1,228,201,491.23 | $1,299,365,811.19 | $2,527,567,302.42 | +4.0% |
| 2013 | $1,114,263,226.00 | $1,315,035,458.50 | $2,429,298,684.50 | +9.0% |
| 2012 | N/A | N/A | $2,229,317,197.54 | N/A |
More information about the AEA Avionics Market Report is available online at www.aea.net/marketreport.
