As of 2024, the aerospace industry continues to be dominated by several major players. With technological advancements and growing demand, these companies are reshaping the future of aviation. This ranking, based on data from CompaniesMarketCap.com, highlights the top publicly traded aerospace companies by market capitalization as of March 2024.
Leading the Charge: Airbus and Honeywell
At the forefront of the aerospace industry are Airbus and Honeywell, two giants that have solidified their place at the top.
- Airbus ($136.5 billion) 🇳🇱
Airbus, with a market cap of $136.5 billion, is the world’s largest aircraft manufacturer. Established in 1970, the company is legally headquartered in the Netherlands but has its operational headquarters in France. Airbus dominates both the commercial and military aircraft sectors, with notable models like the A320 and A350 leading the charge. - Honeywell ($130.9 billion) 🇺🇸
With a history dating back to 1906, Honeywell ranks second with a market cap of $130.9 billion. Based in North Carolina, this U.S. conglomerate plays a pivotal role in aerospace and industrial systems, supplying key technologies and equipment that support both aviation and defense industries.
The Full Ranking of Top Aircraft Makers in 2024:
| Rank | Company | Market Cap | Country |
|---|---|---|---|
| 1 | Airbus | $136,525,636,766 | 🇳🇱 Netherlands |
| 2 | Honeywell | $130,925,543,424 | 🇺🇸 United States |
| 3 | Boeing | $121,105,694,720 | 🇺🇸 United States |
| 4 | Raytheon Technologies | $120,582,299,648 | 🇺🇸 United States |
| 5 | Lockheed Martin | $104,607,260,672 | 🇺🇸 United States |
| 6 | Safran | $89,803,787,471 | 🇫🇷 France |
| 7 | Northrop Grumman | $68,941,545,472 | 🇺🇸 United States |
| 8 | TransDigm | $64,780,783,616 | 🇺🇸 United States |
| 9 | BAE Systems | $48,956,076,504 | 🇬🇧 United Kingdom |
| 10 | Rolls-Royce Holdings | $41,435,866,697 | 🇬🇧 United Kingdom |
The Rise of European and American Giants
The rankings underscore the dominance of European and American companies in the global aerospace landscape. While Airbus holds the top spot for commercial aviation, American manufacturers like Boeing, Lockheed Martin, and Raytheon Technologies play crucial roles in both civil and defense aviation. Safran, the top French aerospace company, also ranks high due to its strong presence in aircraft engines and defense systems.
Innovation and Market Leadership
The companies listed are not just leaders by market capitalization; they are also at the forefront of innovation, from advancements in sustainable aviation to cutting-edge defense technologies. As the industry adapts to growing demand for greener and more efficient aircraft, these companies are expected to continue shaping the future of aviation.
This visual ranking was created by Pranav Gavali, using data from CompaniesMarketCap.com, and was originally posted on the Voronoi app. Download the app for free on iOS or Android to explore more insightful, data-driven visualizations.
