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 sales for business and general aviation avionics exceeded $2 billion in the first nine months of 2022, marking nine consecutive quarters of growth and an 18.3 percent increase year-over-year.
This significant growth was primarily driven by record-high forward-fit sales (avionics installed in new aircraft), which surpassed $407 million for the first time in the report's history.
The U.S. and Canada generated the overwhelming majority of sales activity, accounting for 73.7 percent of the total during this nine-month period.

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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.