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Expert Market Research Explores the Top 4 Companies in the Global Aircraft Vertical Stabilizer Market

Top 4 Companies in the Global Aircraft Vertical Stabilizer Market

 

Airbus SE, Boeing Co., Aernnova Aerospace S.A., and Kihomac Inc., among others, are the major players in the global aircraft vertical stabilizer market.

 

The global aircraft vertical stabilizer market is being supported by the growing aircraft market, which reached a value of USD 976 billion in 2020. The aircraft market is further expected to grow at a CAGR of 4.8% in the forecast period of 2021-2026. As per the analysis by Expert Market Research, the market is expected to be driven by the rising demand for air transport.

The increasing market demand is driven by the increased air transport preference because it saves time and provides a comfortable flying experience. The increased number of aircraft and the increasing commitment to safe and efficient flying are expected to boost the demand for vertical stabilisers in the years ahead. In addition, the rapid technological advancements in next-generation flight control systems are expected to increase the demand for vertical stabilisers. It would promote the market growth by enhancing the adoption of state-of-the-art actuators in modern aircrafts, further offering improved fuel efficiency in the aviation sector. In the immediate future, the increased emphasis on improved protection and passenger comfort is expected to positively influence the aircraft vertical stabiliser industry growth.

 

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In both East and South Asia, increasing globalisation and industrialisation are projected to improve air cargo operations to efficiently and rapidly transport goods. This increasing air cargo activity is projected to boost the demand for vertical aircraft stabilisers in the respective regions. These factors are expected to allow East Asia and South Asia to retain a significant market share in the aircraft vertical stabiliser industry during the forecast period. In addition, the industry is expected to witness a healthy growth in other regions such as Europe and North America in the coming years. Furthermore, key industry players are making strategic investments and carrying out mergers and acquisitions to enhance their global reach. For instance, in October 2019, Aernnova announced to acquire GE Aviation’s Hamble business unit, establishing its first UK operation to further strengthen its position as an industry leader in composite aerostructures.


Top 4 Aircraft Vertical Stabilizer Companies in the World:

Airbus SE

Established: 1970
Headquarters: Leiden, The Netherlands
Website: www.airbus.com

Airbus SE is a multinational European aerospace company. It is one of the largest airline suppliers globally. It designs, manufactures, and sells civil and military aerospace goods globally and produces aircraft in the European Union and several other countries. As of 2020, the company had 131,349 employees and generated USD 49.91 billion as total revenue.


Boeing Co.

Established: 1916
Headquarters: Chicago, Illinois, U.S.
Website: www.boeing.com

The Boeing Company is an American multinational company that designs, manufactures, and distributes aircraft, rotorcraft, rockets, and satellites worldwide. The company also offers leasing and product assistance services. Boeing, the world's second-largest defence contractor, based on revenues from 2018, is the largest exporter in the United States, in terms of dollar value. The company has approximately 141,014 employees and generated USD 58.16 billion as total revenue in 2020. Boeing ranks 54 on the Fortune 500 list.


Aernnova Aerospace S.A.

Established: 1986
Headquarters: Spain
Website: www.aernnova.com

Aernnova has been a leader in developing and producing aerostructures and components such as empennages, fuselages, and wing systems for aerostructures. With revenue of more than EUR 700 million, the company is the first Tier 1 in Spain. The company has around 4,535 employees and operates a network of more than 14 locations in 6 countries, namely, Spain, the UK, Mexico, Brazil, the USA, and China.


Kihomac Inc.

Established: 2003
Headquarters: Reston, Virginia
Website: http://www.kihomac.com

Kihomac Inc. is an acquisition and technology company of aerospace and defence. The company is a veteran-owned small business founded in 2003. It provides support to government agencies for system acquisition and life cycle management. Kihomac Inc. has 9 facilities and offices. The company has capabilities to support a diverse set of engineering disciplines, such as mechanical, software, electrical, aerospace, systems, and integration. It has two subsidiaries, namely, TCB Composite LLC and NavCom LLC.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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