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- Boeing – 66.61. Country: United States. Founded: 1916. Headquarters: Arlington, Virginia. Employees: More than 140,000. Industry: Boeing is an American aerospace company that has made a profound impact on commercial and military aviation worldwide.
- Lockheed Martin – 65.98. Country: United States. Founded: 1995. Headquarters: Bethesda, Maryland. Employees: Around 116,000. Industry: Lockheed Martin is a global aerospace, defense, security, and advanced technologies company known for its cutting-edge military aircraft.
- Airbus – 61.79. Country: Netherlands (corporate), France, Germany, Spain, the United Kingdom, and China (operational) Founded: 1970. Headquarters: Netherlands, Leiden.
- General Dynamics – 39.41. Country: United States. Founded: 1952. Headquarters: Reston, Virginia. Employees: Over 106,000. Industry: General Dynamics is a prominent American aerospace and defense corporation with a diverse portfolio, including military aircraft and combat systems.
- Overview
- The Airplane Manufacturing Market
- Top Aircraft Manufacturers
- How Are New Aircraft Certified to Fly?
- How do market dynamics between Boeing and Airbus influence the airplane manufacturing industry?
- How Did the COVID-19 Pandemic Impact Aircraft Manufacturers?
- The Bottom Line
Although the airline industry is highly competitive, the competition among aircraft suppliers is relatively limited. Lesser-known makers of large passenger airplanes are attempting to build a more significant presence on the world's stage. Still, in the large commercial aircraft market, there are just two major players: the U.S.-based Boeing (
) and the Airbus Group (
), formerly known as the European Aeronautic Defense and Space Company (EADS).
The global airplane manufacturing market is valued at over $400 billion.
The world's only major large passenger aircraft manufacturers are Boeing and Airbus.
Boeing's and Airbus's established jet brands are the 7-series and A-series, respectively.
The airplane manufacturing market is part of the overall airline industry. The global market's estimated value was more than $400 billion in 2023, and is expected to grow to more than half-a-trillion dollars by 2029. Companies in this market are involved in the manufacturing of airplanes and their components, including engines and propulsion systems.
Boeing and Airbus are the world's only major large passenger aircraft manufacturers. The two companies share almost exclusive control of the worldwide airplane supply business for large commercial jets. Their established brands are Boeing's 7-series and Airbus's A-series of jets. These aircraft include narrow-body aircraft, wide-body aircraft, and jumbo jets.
Bombardier, based in Canada, and Embraer, a Brazilian aircraft manufacturer, are leaders in the regional and business airplanes market. They both focus on smaller-sized jets.
On a global scale, competition with Boeing and Airbus is brutal. However, newer airline suppliers Comac in China, Mitsubishi in Japan, and UAC in Russia are working on a series of new wide-body jets in a
Here are some of the largest aircraft manufacturers in the world. All data as of Q1 2024.
Known for manufacturing a wide range of commercial jetliners, Boeing's product line includes the 737, 747, 767, 777, and 787 families of airplanes. The company also offers military aircraft, satellites, and other aerospace products and services.
Aircraft certification is a rigorous and detailed process conducted by aviation authorities such as the FAA in the U.S. or the European Union Aviation Safety Agency (EASA) in Europe. This process involves extensive testing and evaluation of the aircraft's design, construction, and performance to ensure it meets strict safety standards. It includes ...
The duopoly of Boeing and Airbus significantly influences market dynamics in the airplane manufacturing industry. Their competition is legendary, driven by their high-stakes duopoly, the need to stay ahead in avionics and other changing technology, and the geopolitics around Boeing being a major American company and Airbus being a European consortium. As manufacturing for other goods had for decades been moving out of Europe and the U.S., these two companies were also emblems of what the U.S. and Europe could still produce.
Court battles, World Trade Organization complaints, and negotiations at the highest political levels for aircraft contracts mean more is at stake than simply any new plane put out by one requires an answer from the other. Together, this duopoly's decisions on production rates, aircraft models, and what technology they will use set trends for the entire industry, affecting everything from airline fleet choices to what kind of technology pilots and regular consumers will find once on board.
The COVID-19 pandemic significantly impacted the aircraft manufacturing industry. There was a drastic cut in demand for new aircraft because of the sudden decline in air travel. This led to production slowdowns, delays in aircraft deliveries, and financial challenges for manufacturers. However, the industry has been adapting by focusing on more fle...
The airplane manufacturing market, valued at over $400 billion, is a significant part of the global airline industry, which is expected to grow considerably over the next decade. Dominated by Boeing and Airbus, the only major manufacturers of large commercial jets, this market is characterized by their iconic 7x7-series and A3xx-series jets. Suppli...
- Brian Beers
- Northrop Grumman Corporation (NYSE:NOC) Latest Available 12 Month Revenue Est.: $39.2 billion. Northrop Grumman Corporation (NYSE:NOC) is an American defense contracting giant that also has a historic presence in the aircraft manufacturing industry.
- Leonardo S.p.a. (BIT:LDO.MI) Latest Available 12 Month Revenue Est.: $16.08 billion. (BIT:LDO.MI) is an Italian firm headquartered in Rome, Italy.
- Textron Inc. (NYSE:TXT) Latest Available 12 Month Revenue Est.: $13.4 billion. (NYSE:TXT) is an American company that makes and sells a variety of aircraft to serve the needs of the business and defense aviation industries.
- Bombardier Inc. (TSX:BBD-B.TO) Latest Available 12 Month Revenue Est.: $8 billion. (TSX:BBD-B.TO) is another well known global aircraft manufacturing company.
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- Raytheon Technologies. Waltham, Massachusetts, United States. 2022 Annual Revenue: $67.1 billion. With 67,000 employees, Raytheon Company was one of the United States’ largest defense contractors and one of the world’s largest aerospace manufacturers.
- Boeing. Chicago, Illinois, United States. 2022 Annual Revenue: $66.6 billion. At a very close number two on our list, we have the American multinational giant Boeing.
- Lockheed Martin. Bethesda, Maryland, United States. 2022 Annual Revenue: $66.0 billion. Lockheed Martin is a relatively new corporation, born in 1995 out of a merger between the Lockheed and Martin Marietta corporations, which has quickly become a leader within the industry.
- Airbus Americas. European Union. 2022 Annual Revenue: $64.8 billion. Founded in 1970, the European corporation Airbus SE has long been a leader within the aerospace manufacturing industry.
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Jan 10, 2024 · Two of the largest aerospace and defense manufacturers in the world are Boeing and Airbus with revenue streams of about 62.3 billion U.S. dollars and 52.1 billion euros, respectively. The...
Mar 1, 2023 · For instance, The Boeing Company (NYSE: BA ), which is one of the world's largest aircraft manufacturers, has found that using these wearables in its wire harness assembly has enabled it to...
1. Boeing 747-8. Editorial Team Boeing 747-8 Lufthansa. Maximum Takeoff Weight (MTOW) 987,000 lbs. The 747 was the world’s first jumbo jet, first flown in 1969 and introduced into service for Pan Am Airways. The “Queen of the Skies,” as she became known, was the first two-aisle airliner.
