You’ve underestimated it by a bit. It takes 2-3 generations to increase the inbred seed quantities after selfing. So figure 20 years. Plus the female line takes 5 generations to create so another 10 years (onion hybrid seed production requires 3 lines: Male, maintainer & female - the female has cytoplasmic male sterility). All together it used to take 30 years to create a new female line.
Today onions are self-pollinated traditionally for 2 generations, then double-haploids are produced. It takes another 2-3 generations to create the female line with marker-assisted back-crossing. It takes 2-3 generations to create enough parent seed to produce commercial hybrids. So say 12-16 years now for a female line. 10 years for the male and maintainer.
I got out of vegetable seeds about a decade ago. My tendency to make the brown-nosers look absolutely stupid became a liability once I hit upper management. Imagine a plant breeder with a talent for computers, logistics, marketing and sales. I asked all the “wrong” questions.
Currently running my own seed dealership/research activities for row crops.