Top 10 Largest Aerospace Companies in the World
The aerospace industry is one of the most fascinating and complex industries in the world. It’s also an industry that is constantly changing and evolving. Here, we will take a look at the world’s top 10 aerospace companies. These companies are responsible for some of the most innovative and amazing products and services in the aerospace sector. From aircraft manufacturers to space exploration companies, here, we share the Top 10 Largest Aerospace Companies in The World.
Global Aerospace Industry Overview
The global aerospace industry is a multibillion-dollar business with a long history. It has played an essential role in establishing and maintaining the modern world that we live in today. Aerospace companies produce planes, helicopters, satellites, and other devices that make our lives easier.
The top five largest aerospace companies in the world are Boeing, Airbus, United Technology, Lockheed Martin, and GE Aviation. These companies together account for more than half of the global market share. The top five also have a combined revenue of more than $2 trillion.
Aerospace companies are always looking for new ways to improve their products and services. They are constantly working on developing new aircraft and spacecraft technologies. This helps them stay ahead of their competitors and maintain their market positions.
The list of Top 10 Largest Aerospace Companies in The World.
- Boeing, USA
- Airbus, France
- United Technology, USA
- Lockheed Martin, USA
- Northrop Grumman, USA
- GE Aviation, USA
- Raytheon, USA
- Rolls-Royce, UK
- Leonardo, Italy
- Safran, France
1. Boeing, USA
Boeing is the largest aerospace top company in the world and one of the largest defense contractors. Boeing has a long history of innovation and is responsible for some of the most iconic aircraft in history, including the 747, 787, and F-15. Today, Boeing is a leading manufacturer of commercial aircraft, military aircraft, missiles, and space systems. In addition to its airplane business, Boeing is also a major provider of services to the airline industry where aerospace engineers make the most money.
2. Airbus, France
Airbus is a French multinational corporation that designs, manufactures, and sells aircraft, helicopters, satellites, and rockets. Airbus Group was formed in 2000 by the merger of European Aeronautic Defence and Space Company (EADS) and BAE Systems plc (BAE), creating the world’s second-largest aerospace and defense company.
The company has registered offices in Blagnac, France; Toulouse, France; Washington D.C., United States; London, United Kingdom; Munich, Germany; Madrid, Spain; Bangalore, India; São Paulo, Brazil; Mexico City, Mexico; Beijing, China; Tokyo, Japan.
As of 2014, Airbus had recorded orders for 13,262 aircraft from 542 customers worldwide. The 2014 revenue of the company was €60.7 billion (£48.1 billion or $75.4 billion).
3. United Technology, USA
United Technology Corporation is one of the largest aerospace companies in the world. The company was founded in 1934 and is headquartered in Hartford, Connecticut. United Technology Corporation is a diversified technology and manufacturing company that provides products and services to the aerospace, building, and industrial markets. The company’s businesses include Sikorsky Aircraft Corporation, Pratt & Whitney, UTC Aerospace Systems, and Otis Elevator Company. United Technology Corporation has over 200,000 employees and reported revenue of $61.0 billion in 2016.
4. Lockheed Martin, USA
A multinational American firm with interests all over the world, Lockheed Martin specialises in aerospace, defence, security, and innovative technology. In March 1995, it was created through the unification of Martin Marietta and Lockheed Corporation.
Headquartered in Bethesda, Maryland, in the Washington, D.C., area, Lockheed Martin employs approximately 125,000 people worldwide as of 2016. The company also manufactures aircraft engines, missile systems and satellites. Lockheed Martin operates in five business segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
In 2015, 72% of Lockheed Martin’s revenues came from military sales; it topped the list of US federal government contractors and received 10% of the funds paid out by the Pentagon. In 2009–2010, it was the fifth largest defense contractor in the world behind BAE Systems (UK), Boeing (US), Raytheon (US) and General Dynamics (US). In 2014–2015 it ranked 31st among United States corporations by revenue.
5. Northrop Grumman, USA
Northrop Grumman is one of the largest aerospace companies in the world. The company has a wide range of products and services, including aircraft, missiles, and satellites. Northrop Grumman has its headquarter in Falls Church, Virginia.
The company was founded in 1939 with the name Northrop Aircraft Company. The company’s first aircraft was the N-3PB patrol bomber.
Northrop Grumman has since delivered more than 53,000 aircraft to customers around the world.
Today, Northrop Grumman is a leading provider of military aircraft, missiles, and satellite systems. The company’s products are used by all branches of the US military, as well as by allied militaries around the world. Northrop Grumman is also a major supplier of NASA spacecraft and payloads.
In addition to its defense business, Northrop Grumman is also a leading provider of commercial aerospace products and services. The company’s customer base includes major airlines and air cargo carriers around the world. Northrop Grumman’s commercial products include the Airbus A330-200 Freighter and the Boeing 747-8 Freighter.
6. GE Aviation, USA
GE Aviation is one of the largest aerospace companies in the world. With over 100 years of experience in the world’s largest aviation market, GE Aviation has a rich history of innovation and success. Today, GE Aviation is a leading provider of commercial, military, and business jet engines.
GE Aviation’s commercial jet engines are used on over 11,000 aircraft worldwide. The company’s best-selling engine is the CFM56, which powers Boeing 737s, Airbus A320s, and other popular aircraft. GE Aviation also manufactures engines for long-range jets like the Boeing 777 and 787 Dreamliner.
In addition to commercial engines, GE Aviation produces military jet engines for the US Air Force and other customers. The company’s F404 engine powers the F/A-18 Hornet fighter plane, while the F110 engine is used on the F-16 Fighting Falcon. GE Aviation also makes helicopter engines, turboprop engines, and electric propulsion systems.
With over 44,000 employees across 84 locations in 30 countries, GE Aviation is a truly global company. The company’s headquarters are located in Ohio, USA.
7. Raytheon, USA
Raytheon is one of the largest aerospace companies in the world and is headquartered in the United States. The company specializes in defense and security solutions and has over 84,000 employees worldwide. Raytheon’s products and services include missile defense systems, radar systems, electronic warfare systems, and more. In 2018, the company had a revenue of $27.3 billion.
8. Rolls-Royce, UK
Rolls-Royce, headquartered in the UK, is one of the world’s leading aerospace companies. The company designs, manufactures and services a wide range of products for the aerospace industry, including engines, airframes and components. Rolls-Royce has a strong international presence, with around 55% of its revenue coming from outside the UK.
The company has a long history in the aerospace industry, dating back to the early days of powered flight. Over the years, Rolls-Royce has been responsible for some major innovations in aircraft design and engine technology. Today, Rolls-Royce is a major supplier of engines to both commercial airlines and the military.
Rolls-Royce is currently involved in a number of high-profile projects, such as the development of new engines for the Airbus A350 and A380 aircraft. With over 50% market share in large civil aircraft engines, Rolls-Royce is one of the most important suppliers to the global aviation industry.
9. Leonardo, Italy
Since its establishment in 1961, Leonardo S.p.A. has become one of the world’s leading aerospace companies. It is headquartered in Rome and employs over 78,000 people across 170 sites worldwide. The company is a major player in the global helicopter market, with a share of around 35%. It is also a leading provider of military and civilian aircraft, radar and electronic warfare systems, unmanned aerial vehicles (UAVs), cyber security solutions and aeronautical IT services.
In recent years, Leonardo has been involved in some of the world’s most high-profile aerospace programmes, including the F-35 Joint Strike Fighter (JSF) and Eurofighter Typhoon. The company has also been at the forefront of developing new technologies for the aerospace sector, such as 3D printing and additive manufacturing.
10. Safran, France
Safran is a leading aerospace company that produces aircraft and spacecraft parts and systems. The company has operations in over 60 countries and employs over 100,000 people. Safran was founded in 1906 and is based in France.
Safran dominates the civil aircraft market with a market share of almost 50%. The company’s products include engines, avionics, cabinetry, structures, materials and manufacturing services. Safran is also a major player in the defense aerospace industry with a market share of around 20%. The company’s products include fighter jets, attack helicopters and unmanned aerial vehicles.
Some of the most popular aircraft models produced by Safran include the Airbus A320 family of passenger planes (including the A318, A319 and A320neo), the Falcon 2000 family of medium-range business jets, the AS532 Cougar military helicopter and the Eurofighter Typhoon fighter jet.
Global Aerospace Industry Trends for Future
The global aerospace industry has been on a growth trajectory for the past few years. This is largely due to the increasing demand for air travel, as well as the need for more efficient and technologically-advanced aircraft. The following are some of the key trends that are shaping the future of the aerospace industry:
1. Increasing demand for air travel: The number of people traveling by air is expected to grow significantly in the coming years. This will be driven by factors such as economic growth, population expansion, and the rise of the middle class in developing countries.
2. More efficient aircraft: Airlines are always looking for ways to reduce fuel costs and operating expenses. This has led to a trend towards more fuel-efficient aircraft, such as those powered by new generation engines.
3. Technological advances: The aerospace industry is constantly innovating, thanks to advances in technology. New materials, manufacturing methods, and digital technologies are being used to create lighter, stronger, and more efficient aircraft.
4. Growing commercial space sector: There is an increasing demand for access to space, both from government agencies and private companies. This is creating opportunities for new businesses in the commercial space sector.
5. Environmental concerns: There is a growing awareness of the impact of aviation on the environment. This is leading to initiatives aimed at reducing emissions from aircraft engines.
The aerospace industry is booming and there are plenty of companies to choose from if you’re looking for a job in this field. However, if you’re just starting out, it can be tough to know which companies are the best in the business. That’s why we’ve put together a list of the top 10 largest aerospace companies in the world, so you can get an idea of where to start your search. From Boeing to Airbus, these are the biggest and best names in aerospace.
Q.1- Which are the top 10 Largest Aerospace Companies in the World?
United Technology, USA
Lockheed Martin, USA
Northrop Grumman, USA
GE Aviation, USA
Q.2- Are Aerospace Engineers in High Demand?
Aerospace engineering is one of the most popular and in-demand fields of engineering. Aerospace engineers are responsible for designing, constructing, and testing aircraft, spacecraft, missiles, and rockets. They also develop new technologies for aviation, space exploration, and defense systems.
In the world of aviation, there is always a race to be the biggest and the best. And when it comes to aeroplanes, there is no doubt that size matters. So which is the world’s no 1 biggest aeroplane? That title currently belongs to the Antonov An-225 Mriya. This giant of the skies was first built back in 1988 and is still going strong today.
Demand for aerospace engineers is high due to the continued growth of the aerospace industry. The global commercial aviation market is expected to grow at an annual rate of 4.4% over the next 20 years, while the defense sector is predicted to grow at a rate of 2.6%. This growth will create thousands of new jobs for aerospace engineers around the world.