Forward-Fit Avionics Sales in Q3 Highest On Record

The AEA said avionics sales increased 4.6 percent from the second to the third quarter this year, marking nine consecutive quarters of increasing sales.

Michael Wildes

Monday, December 12, 2022 at 12:50 PM ET

Verified

Third-quarter sales increased 4.6% sequentially from the second quarter of 2022, marking the ninth consecutive quarter of increasing sales. [Courtesy: Garmin]

Key Takeaways:

Global business and general aviation avionics sales surpassed $2 billion in the first nine months of 2022, marking nine consecutive quarters of growth.
Sales increased 23.2 percent year-over-year in Q3 2022, with total sales for the first nine months up 18.3 percent compared to 2021.
This growth is largely driven by record-breaking forward-fit sales (avionics in newly manufactured aircraft), with the U.S. and Canada accounting for over 73 percent of the activity.

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During the first nine months of the year, global sales of business and general aviation avionics totaled more than $2 billion, the Aircraft Electronics Association (AEA) said in its recent third quarter report

AEA said avionics sales increased 4.6 percent from the second to the third quarter this year, marking nine consecutive quarters of increasing sales, the association said. Comparing July to September 2021 with the same period in 2022, avionics sales increased by 23.2 percent.