Q2 Avionics Sales Increase Nearly 12 Percent

The Aircraft Electronics Association says total sales of avionics so far this year topped $13 billion.

Wednesday, August 17, 2022 at 12:27 PM ET

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Forward-fit sales during the second quarter led the way over retrofits, with $3.73 billion and $3.35 billion, respectively. [File Photo: FLYING archives]

Key Takeaways:

Worldwide business and general aviation avionics sales exceeded $1.3 billion in the first half of 2022, marking eight consecutive quarters of growth and an 11.7% increase from Q1 to Q2.
Forward-fit sales for new aircraft led this growth, reaching over $373 million in Q2, which was a 35.6% increase over Q2 2021 and the second-largest Q2 forward-fit total in the report's history.
The majority of sales activity, 73.6% of the six-month total, originated from the U.S. and Canada.
Despite strong sales, the industry faces challenges from price inflation (companies raised prices by nearly 6%) and ongoing supply chain disruptions, requiring significant effort from suppliers.

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The Aircraft Electronics Association (AEA) said in its second quarter report this week that in the first six months of the year, the total worldwide business and general aviation avionics sales was more than $1.3 billion, according to data from participating companies. As the aircraft purchasing market has remained hot, the AEA said avionics sales increased 11.7 percent from the first to the second quarter this year. More broadly, as reflective of the pandemic-related demand for private aircraft, the AEA said the second quarter profit represented eight consecutive quarters of increasing sales. Comparing April to June 2021 with the same time period in 2022, avionics sales increased by 19.9 percent.

Forward-fit sales during the second quarter led the way over retrofits, with $3.73 billion and $3.35 billion, respectively. The report said forward-fit sales during this year’s first six months were 35.6 percent more than during the same time in 2021. This makes sense as aircraft manufacturers, such as Bombardier, reported last week that they expected to sell more than 120 executive jets this year (as they did in 2021) and had a $14.7 billion order backlog.