Avionics News April 2023 - 14

A EA
NOW
ASSOCIATION NEWS, EVENTS & INFORMATION
AVIONICS SALES EXCEED
$2.8 BILLION IN 2022
AEA unveils 2022 year-end Avionics Market Report
The Aircraft Electronics Association recently published its 2022 year-end Avionics Market Report, and total worldwide
business and general aviation avionics sales for the year amounted to $2,877,281,308, or more than $2.8 billion as reported
by the participating companies. The dollar amount represented a 21.5% increase in total year-end sales compared to 2021,
which is the largest annual percentage increase in the 11-year history of the report.
During the fourth-quarter months of October, November and December, sales increased 31.2% compared to the same time
frame one year ago, marking the largest quarterly year-over-year percentage increase in the report's history. Fourth-quarter
sales increased 7.2% sequentially from the third quarter of 2022 and marked the 10th consecutive quarter of increasing sales.
2022 Year-end Worldwide Business & General Aviation Avionics Sales
Forward-fit
Quarter
1Q 2022
2Q 2022
3Q 2022
4Q 2022
2022 Totals*
Retrofit
$280,369,625.35
$335,320,680.00
$333,335,061.00
$441,756,889.00
$1,385,636,432.00
$354,176,395.08
$373,375,861.00
$407,917,222.00
$352,725,645.00
$1,491,644,876.00
Total Sales
$634,546,020.43
$708,696,541.00
$741,252,283.00
$794,482,534.00
$2,877,281,308.00
*-Note that the 2022 year-end totals do not exactly equal the sum of the four quarterly amounts as reported earlier in
the year. This variance is the result of seasonally adjusted year-end numbers by some of the participants. In addition, 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. All dollar amounts noted are
U.S. dollars.
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 $2.8 billion in sales in 2022, 48.2% 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 51.8% of sales.
According to the companies that separated their total sales figures between North America (U.S. and Canada) and other
international markets, 74.9% of the 2022 sales volume occurred in North America (U.S. and Canada), while 25.1% took
place in other international markets.
14 avionics news * april 2023
Avionics News April 2023

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