AEA: Avionics sales rise to $1.3bn
Worldwide avionics sales have risen for the eighth consecutive quarter to more than $1.3bn, according to Aircraft Electronics Association (AEA).
Second quarter (Q2) sales increased 12% this year to $709m compared to $635m in Q1 and rose by a fifth (20%) compared to Q2 last year, according to AEA’s most recent Avionics Market Report.
Over half of the $1.3bn in sales (54%) in the first half of this year came from forward-fit sales installed during aircraft production, while the retrofit market accounted for the remainder.
“It is encouraging to see sales continue to climb, up nearly 16% compared to the first six months of 2021, but we also must consider the inflationary pressures that could factor into that increase,” said Mike Adamson, president and CEO, AEA (pictured). Adamson pointed out that companies participating in the report said they had increased their prices by a substantial 6%, but highlighted this is still below the 8.5% increase in the US annual consumer price index reported in July. He said: “The effort to manage and maintain the flow of products by our avionics OEMs dealing with supply constraints and the ever-increasing cost to produce and recertify their products is extraordinary.”
The report, which launched in 2013, is compiled using sales figures from 21 aviation companies, including Alto Aviation, Blue Avionics, Collins Aerospace, Gogo Business Aviation, Honeywell Business Aviation and Universal Avionics. The sales numbers include all components in the cockpit and cabin of aircraft, software upgrades, aircraft electronics, hardware and batteries.
View the total sales from each year since the report’s launch below.
Change from prev year