Market Share of North America Aviation Industry
The North American aviation market is home to many significant players, including The Boeing Company, Airbus SE, Lockheed Martin Corporation, General Dynamics Corporation, and Textron Inc., among others. The presence of these aircraft manufacturing giants makes the market highly competitive. Additionally, most of the world's aircraft manufacturing is concentrated in this region, making it a hub for global aerospace suppliers with manufacturing, sales, and support facilities.
To maintain their dominance in the region's aviation market, established players adopt several growth strategies, such as adopting innovative methods, increasing product and service offerings, efficient workforce, strategic acquisitions of supply chain players, mergers, tapping into new markets, and competitive pricing. Collaboration and partnership are also essential growth strategies adopted by North American aerospace manufacturers. Many of them collaborate with companies based in other parts of the world to share expertise and technical know-how to develop innovative technologies and products.
For example, Boeing and Lockheed Martin have partnered with Bell to develop tiltrotor aircraft over the years. Such collaborations are expected to drive the growth of players in the market.
North America Aviation Market Leaders
The Boeing Company
Airbus SE
Lockheed Martin Corporation
General Dynamics Corporation
Textron Inc
*Disclaimer: Major Players sorted in no particular order
