Worldwide sales of avionics for general aviation aircraft rose nearly 22 percent to more than $2.8 billion in 2022 compared with 2021 sales, according to the Aircraft Electronics Association. The industry group said the percentage increase in sales is the largest year-over-year bump it has seen in the 11-year history of its Avionics Market Report.
During the fourth quarter, sales increased 31 percent compared to the same period a year earlier, which is the highest quarterly increase in the report’s history, the AEA said. Fourth-quarter sales rose 7.2 percent compared with the third quarter, marking the tenth consecutive quarter of increasing sales, AEA officials added.
