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 of business and general aviation avionics surpassed $2 billion in the first nine months of 2022, an 18.3% increase from the previous year and marking nine consecutive quarters of growth.
This significant growth is primarily driven by record-high forward-fit sales (avionics for newly manufactured aircraft), which exceeded $407 million, indicating strong demand for new general aviation aircraft.
The U.S. and Canada accounted for the majority of sales activity, generating 73.7% of the total within this 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.