The aerospace manufacturing industry is currently in a phase of recovery after the significant decline caused by the coronavirus pandemic. After the first hit of the pandemic, the industry started rebounding and getting more aircraft orders. However, the aerospace manufacturing sector faces new and continuing challenges, including skills shortages, rising costs, and developing technologies to mitigate aviation’s impact on climate change. Meanwhile, defense manufacturing has remained on an upward trend. The sectors most likely to emerge as drivers of global growth for the defense industry include intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) technologies, as well as the cybersecurity sector and the application of unmanned aerial vehicles (UAVs). In 2023, the leading aerospace and defense manufacturer was Boeing, with approximately 77.8 billion. The company was followed closely by Airbus and Raytheon Technologies.
Number of gross orders for Airbus and Boeing aircraft between 2006 and 2023
Further details: Visit original statistic Number of gross orders for Airbus and Boeing aircraft between 2006 and 2023
Airbus and Boeing dominate the world’s airliner fleet. The two aircraft manufacturers produce highly successful jet models, including the Airbus A320 and Boeing’s 737 aircraft. The Boeing 737 was often named as one of the best-selling jets worldwide before coming under scrutiny for misleading the authorities during the approval process of the 737 MAX aircraft, which led to two aircraft crashes. Bombardier, Embraer, and Mitsubishi Heavy Industries compete for the remaining market.
Airbus and BoeingGlobal military spending from 2001 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Global military spending from 2001 to 2023 (in billion U.S. dollars)
The U.S. holds the largest share of worldwide military outlays, accounting for around 40 percent of global defense spending. Conflicting interests between countries stress the development of more military technology innovations. For instance, drones have become an indispensable weapon and are in great demand in many parts of the world.
Defense spending and arms tradePercentage distribution of the cumulative equity investment in space companies worldwide from 2013 to 2022, by country
Further details: Visit original statistic Percentage distribution of the cumulative equity investment in space companies worldwide from 2013 to 2022, by country
Private companies have long been involved in the space industry, but recent years have seen a marked shift in dominance from governmental space agencies to the private sector. Some of the most prominent companies in the industry, such as SpaceX, Blue Origin, and Relativity Space, are attracting large amounts of funding to develop technologies that allow private space exploration. Reusable launch vehicles and rockets are a key focus for the industry to bring down costs and increase competitivenes
Space StartupsLeading aerospace and defense manufacturers worldwide in 2023, based on revenue (in billion U.S. dollars)
Further details: Visit original statistic Leading aerospace and defense manufacturers worldwide in 2023, based on revenue (in billion U.S. dollars)
Boeing, Airbus, Raytheon, Northrop Grumman, and General Dynamics are ranked among the leading aerospace and defense technology companies worldwide. The two largest jet manufacturers, Airbus and Illinois-headquartered Boeing, form a de facto duopoly in the aircraft manufacturing industry. Aside from commercial aircraft, both companies also produce military aircraft, rockets, satellites, communications equipment, and missiles.
Airbus and BoeingLeading countries with the highest aerospace exports in 2023 (in billion U.S. dollars)
Further details: Visit original statistic Leading countries with the highest aerospace exports in 2023 (in billion U.S. dollars)
The United States, France, and Germany are ranked among the most important markets for aerospace products. The U.S. market contributed some 89 billion U.S. dollars in aerospace exports in 2021, making it the leading country in terms of sales value. The country is also home to some of the leading aircraft manufacturers in the world, such as Boeing and Raytheon.
Commercial satellites
The aerospace manufacturing and defense industry comprises the manufacturing of aircraft, space vehicles, engines and parts, as well as maintenance, repair, and overhaul (MRO) services. Aerospace manufacturing can be segmented into defense and commercial aerospace manufacturing. Within this sector, Statista presents the most relevant and up-to-date facts relating to the manufacture of aerial vehicles and the defense industry. Data on a global, regional, and country scale is available, integrated with information on the largest players and rankings.
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