Report: Avionics Sales Increased 6.5 Percent in 2021

Michael Wildes

Friday, February 18, 2022 at 03:26 PM ET

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The AEA report said more than half of the avionics sales in 2021 came from the retrofit market. [FLYING Archives]

Key Takeaways:

Avionics sales for business and general aviation worldwide exceeded $2.3 billion in 2021, marking a 6.5 percent increase over 2020 and continuing a six-quarter growth trend since March 2020.
The retrofit market constituted the majority of sales at 54.6 percent, with North America accounting for a significant 75.2 percent of the total.
While sales are approaching pre-pandemic levels (averaging $2.4 billion since 2012), manufacturers anticipate potential impacts on 2022 sales due to ongoing supply chain issues causing increased lead times.

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Avionics sales worldwide for business and general aviation totaled more than $2.3 billion in 2021, according to the Aircraft Electronics Association’s (AEA) year-end Avionics Market Report released this week.

Owing to increasing sales of new and used aircraft, aircraft manufacturers, independent operators, and owners drove avionics sales up 6.5 percent in 2021 compared to 2020. In fact, 2021 fourth-quarter sales grew as much as 7.4 percent compared to the same period in 2020.