Airbus and Boeing - statistics & facts
The global aerospace services market is worth approximately 3.8 trillion U.S. dollars, with key markets in Eurasia, North America, and China. Nowadays, in terms of commercial aircraft manufacturing, the two of the largest aerospace and defense manufacturers in the world are Boeing and Airbus, with a revenue streams of about 77.8 billion U.S. dollars and 65.45 billion euros, respectively. The list of other strong players in the market includes Bombardier and Embraer, as well as the Commercial Aircraft Corporation of China (Comac).
As of 2023, Airbus Group had the second largest revenue among the other aerospace and defense manufacturers. The primary activity of Airbus Group encompasses the design and production of commercial aircraft, as well as the production of defense and space aircraft, technologies, and helicopters. Airbus Group operates multiple manufacturing facilities throughout Europe, employing slightly under 148,000 individuals worldwide. As of April 30, 2024, the company's most globally operated aircraft were single aisles, also known as narrow body aircraft, with 11,043 planes.
After the coronavirus pandemic trajectories
The coronavirus pandemic hit the aviation industry to a great extent. Countries across the world imposed lockdown measures to contain the spread of the virus, which impeded airline groups from operating for many months. Thus, the entire aviation industry is in a large recessionary business cycle. Most of the air carriers cancelled mainline aircraft orders to reduce risk exposures and financial commitments. As of July 2020, over 300 Boeing and roughly 66 Airbus aircraft orders were cancelled. After the lifting of travel restrictions by governments around the world in 2021, Airbus and Boeing started to takeoff, both reporting increases in their aircraft deliveries in the following years. In 2023, Airbus and Boeing delivered 735 and 528 aircrafts, respectively.Airbus and Boeing today
Boeing was the leading aerospace and defense manufacturer based on the revenue generated in 2023. Boeing’s 737 aircraft series has emerged as the company’s bestseller, with 396 deliveries in 2023. However, recent Boeing 737 MAX 9 aircraft collisions that resulted in injuries and fatalities have rendered the prospects of the series somewhat uncertain. The Federal Aviation Administration has halted the production expansion of the Boeing 737 MAX until the ongoing investigation is concluded.As of 2023, Airbus Group had the second largest revenue among the other aerospace and defense manufacturers. The primary activity of Airbus Group encompasses the design and production of commercial aircraft, as well as the production of defense and space aircraft, technologies, and helicopters. Airbus Group operates multiple manufacturing facilities throughout Europe, employing slightly under 148,000 individuals worldwide. As of April 30, 2024, the company's most globally operated aircraft were single aisles, also known as narrow body aircraft, with 11,043 planes.
