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:

Global avionics sales for business and general aviation exceeded $2.3 billion in 2021, showing a 6.5 percent increase from 2020 due to rising aircraft sales.
The majority of 2021 sales came from the retrofit market (54.6 percent), and North America accounted for the largest share geographically (75.2 percent).
Sales have steadily recovered over six consecutive quarters since March 2020, approaching pre-pandemic averages, but future sales through 2022 face potential impact from supply chain issues.

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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.