Statistics and Market Data about Aerospace Manufacturing
In this section, Statista presents the most relevant and up-to-date facts relating to the manufacture of aerial vehicles.
Aircraft manufacturing can be broken down to a defense and a commercial segment. While military aviation is likely to see a decline in revenue due to cuts in military spending, commercial aircraft production is forecast to experience a boom. In light of continued passenger traffic growth, airlines are expected to add new models to their fleets. Boeing’s Dreamliner and Airbus Group’s A350 are predicted to become the most sought-after models in this sector.
The two largest jet manufacturers are the European Aeronautic Defence and Space Company (EADS), which is the parent company of Airbus, and Illinois-headquartered Boeing. Since Boeing’s 1997 merger with its former rival McDonnell Douglas, the aircraft manufacturing industry has often been characterized as a de facto duopoly. The two aforementioned companies share between them about 65 percent of the world airliner fleet. Canada’s Bombardier, Brazil’s Embraer and Japan's Mitsubishi Heavy Industries are competing for the remaining market share. General Electric and United Technologies Corporation are ranked among the most important suppliers of aircraft engines and parts. The key contractors of military aircraft include Europe’s EADS, as well as US-based Boeing, Lockheed Martin and Northrop Grumman.
Picture: istockphoto.com / illcha