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Thu, Dec 08, 2022

AEA Releases Third Quarter 2022 Avionics Market Report

The Beauty of a Brisk Rate of Climb

Founded in 1957 to educate, communicate, and advocate for businesses that manufacture, support, and install aircraft electrical components and avionics, the Aircraft Electronics Association (AEA) represents nearly 1,300 member companies in more than forty countries.

On 07 December, the AEA released its third-quarter 2022 Avionics Market Report—and the news was good.

Third-quarter sales increased 4.6% from the second quarter of 2022, marking the ninth consecutive quarter of increasing sales. During the third-quarter months of July, August and September, sales increased 23.2% compared to the same time frame one year ago.

Worldwide business and general aviation avionics sales in the first nine-months of 2022—as reported by those companies participating in the quantification—amounted to $2,084,494,844.43.

The figure represents an 18.3% increase in total sales compared to the first nine months of 2021, and was driven by a 39.1% increase in forward-fit sales compared to the same time frame last year.

Forward-fit-sales of $407-million exceeded the previous high of $376-million—as reported in the second quarter of 2019—and marked the category’s loftiest total in the report's ten-year history.

The dollar amounts reported in the AEA’s quarterly report derive of net sales price, not manufacturer's suggested retail price, and reflect: all business and general aviation aircraft electronic sales—to include 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-billion in sales recorded during the first nine months of 2022, 45.5% derived of the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 54.5% of sales.

Companies that separated their total sales figures between North America (U.S. and Canada) and other international markets reported 73.7% of the year-to-date sales volume is attributable to North American customers, while customers in other international markets accounted for the remaining 26.4%.

All dollar amounts noted in the AEA report 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. Such changes are most often attributable to mergers, acquisitions, and the addition to new companies to the reporting contingent. Comparative analyses of the presented data ought take into account such variances.

To ensure confidentiality, manufacturers participating in the AEA Avionics Market Report submit their sales figures to an independent third-party firm retained to produce subject report.

The AEA Avionics Market Report should not be considered a predictive indicator of future industry sales activity.

FMI: https://aea.net/newsitem.asp?ID=6110

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