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 exceeded $2 billion in the first nine months of 2022, marking nine consecutive quarters of growth.
Sales increased by 18.3% compared to the same period in 2021, with a 23.2% rise in the third quarter year-over-year.
This growth is primarily fueled by record-high forward-fit sales (avionics for new aircraft), which reached over $407 million in Q3, significantly outpacing retrofit sales.
The majority of these sales, 73.7%, were generated in the U.S. and Canada.

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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.