The Aircraft Manufacturing Global Market Was Valued At USD 402 Billion In 2017

Posted by praneeth on July 16th, 2018

Aircraft Manufacturing consists of companies involved in developing prototypes and manufacturing or assembling of complete aircraft and making aircraft. These include manufacturing of blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts.

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The market was valued at USD 402 billion in 2017 due to high demand for commercial aircrafts from air travels across the world especially developing countries. Additionally, demand for military aircrafts due to rising geopolitical tensions is further supporting the market.

The aircraft manufacturing market is split into four segments: civil and military helicopters; civil and military aircrafts; civil and military gliders; civil and military drones.

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The USA was the largest player in aircraft manufacturing market in 2017, accounting for more than one-fourth of the market, followed by China.

The top five competitors in the market are The Boeing Company, Airbus Group, Lockheed Martin Corp., BAE Systems PLC and Bombardier Inc. The Boeing Company was the largest competitor. It was founded in 1916 and is headquartered in Chicago, USA. The company is involved in designing, developing, manufacturing, selling, and servicing of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services.

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