Categories: BusinessIndustry

Largest Aircraft Makers in 2024

As the aerospace sector keeps honing its craft, a few businesses and one nation emerge as leaders in the field.

The world’s top 20 publicly traded aerospace companies by market capitalization as of March 2024 are displayed below in the list. Note that private companies are not included in the data used in this ranking.

Airbus and Honeywell: two giants stand above the rest in 2024.

Airbus is the biggest aircraft manufacturer in the world, with a market capitalization of $136,5 billion. Established in 1970, this company holds the legal head office in the Netherlands, but its operational headquarters are in France. It is a major player in the production of both military and commercial aircraft.

Founded in 1906, Honeywell International is headquartered in the U. s. has a market valuation of $130 billion, placing it in second place. With its main office located in North Carolina, the company is heavily involved in industrial and aerospace systems.

Six of the top ten aerospace companies are American-based, demonstrating the country’s continued dominance in the industry.

Aside from Honeywell, other significant American firms with a strong presence in the rankings include Boeing, Raytheon Technologies, and Lockheed Martin.

Together, these companies have contributed hundreds of billions of dollars to the global market, solidifying the US’s position as a leader in both commercial aviation and defense.

Other countries are becoming aerospace superpowers, outside of the US and Europe.

Hindustan Aeronautics and Bharat Electronics are two major companies based in India, the nation with the largest population in the world today. Their market capitalization as a group is $451.8 billion.

Norway’s Kongsberg Gruppen, which was established in 1814 and is ranked 16th on the list with a valuation of $114.4 billion, is another example.

Among the top 20 are companies from Sweden, Israel, South Korea, Germany, Italy, France, and the United Kingdom. The diversity of nations emphasizes the current aerospace industry’s global reach.

Business Now Desk

Recent Posts

Two Brothers vs. the AI Threat: Building the Firewall for the Future

Devin and Gavin’s journey is even more striking given their background. At just 17, they…

3 hours ago

Demystifying Wealth: How The Simple Wealth Blueprint is Helping People Rebuild, Reset and Rise

Business Now got in touch with Javail Marshall to discuss how his platform is breaking…

5 days ago

Turning Hype into Help: Olga Brumnik’s Vision for Practical AI in Logistics

Business Now got in touch with Olga Brumnik to explore the origins of Beevanta

1 week ago

AdOrbix Powers Smarter eCommerce Growth

AdOrbix stands out because we have operator DNA

2 weeks ago

WahResume Is Rethinking Job Applications with Smart AI and Real-Life Empathy

Business Now got in touch with Johnu Marattil, founder of WahResume, and he shared the…

2 weeks ago

ASHRAM: Transforming Project Management with AI, Precision, and Purpose

Businesses today need a partner that blends AI-driven solutions, system improvements, resource optimization, agile delivery,…

2 weeks ago