While Growing, the Avionics Market Lags Behind 2019 Sales Figures
The Aviation Electronics Association has published the industry’s results of the 1st quarter of 2022, reporting that more than 634 million dollars’ worth of business and general aviation avionics were sold throughout the world. Overall, the numbers portend a waxing aviation economy, showing increased demand from years and months prior. Sales increased nearly 5% from the 4th quarter of 2021, marking off the 7th consecutive quarter to increase sales. An increase of 11.6% was seen in the first 3 months of the year over the same span in 2021, bringing in $634M to an earlier $568M.