Homedale id aircraft manufacturer8/31/2023 Raytheon wasn’t always the giant it is today, as in 2020 Raytheon company merged with United Technologies to become Raytheon Technologies. It was founded in 1922 and eventually went on to become the world’s largest producer of guided missiles by 2012. With 67,000 employees, Raytheon Company was one of the United States’ largest defense contractors and one of the world’s largest aerospace manufacturers. Largest Aircraft Manufacturers in the World In this article, we will discuss the ten largest contributors of growth within the aircraft manufacturing industry by laying out the top ten companies by revenue. This is an industry that’s exceedingly difficult to “break into” but, once an aircraft manufacturer has established themselves, both power and revenue can grow exponentially. However, that does not mean that aircraft manufacturing is not an extremely competitive market, with the top two entries on our list nearly dominating the global market share. This connection alone can make the organizations within this industry some of the most powerful in the world. Defense contractors supply the military with technologies for defending themselves, covertly communicating, traveling, and mounting attacks. Of the ten major aircraft manufacturers, the majority of them also operate as defense contractors. Outside of the obvious fact that most of us will ride on a plane at some points in our lives, there is also the fact of entanglement between aircraft manufacturers and military suppliers. In fact, aerospace manufacturing affects our lives in more ways than we are consciously aware of. Unlike the car industry’s giants, aircraft manufacturers are mostly unknown to the general public as they are typically not relevant to our day-to-day lives. Much like the auto industry, aircraft manufacturing is a booming part of global commerce. The global aircraft manufacturing market is projected to grow at a CAGR of 3.7% through 2030. The largest aircraft manufacturer in the world is Raytheon Technologies, with a revenue of $67.1 billion.Īs of 2022, the global aircraft manufacturing industry has a market size of $562.5 billion.Īirbus alone manufactured 611 jets in 2021. Largest Aircraft Manufacturers Research Summary
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