The Aircraft Manufacturing Market Gained the Most Opportunities From the Civil and Military Airplanes Manufacturing Market Together Worth $259 Billion

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The Boeing Company Is The Largest Aircraft Manufacturer

The aircraft manufacturing industry is highly concentrated with two large players (The Boeing Company and Airbus Group) each holding a significant market share. The Boeing Company was the largest company in the aircraft, aircraft parts manufacturing and repair & maintenance market, with about 16% share of the market in 2018. It was founded in 1916 and is headquartered in Chicago, USA. The company is involved in designing, developing, manufacturing, selling, and servicing commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. Boeing operates in over 65 countries worldwide, and also offers performance-based logistics and training services. Other major players in the aircraft manufacturing industry are Lockheed Martin Corp., United Technologies Corp., and General Electric Company.

The USA Presents Top Opportunities In Aircraft Manufacturing

The top opportunities in the global aircraft manufacturing market and the aircraft parts manufacturing and repairs & maintenance market will arise in the civil airplanes manufacturing segment which will gain about $76 billion of global annual sales by 2021, and in the USA, where an almost identical amount will be added to the overall market. 14 market-trend-based and five player-adopted strategies for aircraft manufacturing industry businesses include those in low-cost countries competing for business in the major aircraft manufacturing countries, offering retro-fitting of inflight entertainment systems, developing turboprop models, investment in engine overhaul facilities, strengthening market presence in their regional aviation market and for businesses in all segments, major investment in research and development.