[Ranking] TOP 25 Aerospace Composites / Aerospace Companies Q3/2023
Intro
Aerospace composites, a sub-industry of the larger aerospace sector, plays a crucial role in the worldwide economy. These advanced materials, such as carbon fiber-reinforced polymers, are revolutionizing the aviation and space industries by offering exceptional strength-to-weight ratios and improved fuel efficiency.
The influence of aerospace composites extends far beyond the boundaries of aviation. These materials have ripple effects across diverse sectors, including automotive, defense, and renewable energy. From lightweight car components to wind turbine blades, composites are transforming various industries, driving innovation and sustainability.
With the constant drive for more fuel-efficient aircraft and the increasing demand for space exploration, the economic magnitude of the aerospace composites industry is on an upward trajectory. According to market research, the global aerospace composites market is projected to reach a value of $57.04 billion by 2026, with a compound annual growth rate of 8.5% from 2021 to 2026.
Recent trends in aerospace composites include the development of advanced manufacturing techniques, such as automated fiber placement and additive manufacturing, which enable the production of complex composite structures with greater precision and efficiency. Breakthroughs in material science, including the use of nanomaterials and bio-based composites, are also shaping the industry by offering improved performance and sustainability. However, challenges such as high production costs and regulatory barriers continue to impact the widespread adoption of aerospace composites.
The landscape of the aerospace composites industry is ever-changing, driven by technological advancements, market dynamics, and environmental considerations. As companies strive to develop lighter, stronger, and more cost-effective composite solutions, the competition among industry players intensifies. In this article, we will explore the top companies in the aerospace composites sector, examining their contributions to the industry and their potential for future growth and innovation.
Ranking
#25 Toray Composite Materials America, Inc.
Employees: 1.5K
Revenue: 500M$
Website: https://www.toraycma.com/
Description: Toray Composite Materials America, Inc. is a leading player in the Aerospace Composites industry. Headquartered in Tacoma, United States, the company was founded in 1986. With a workforce of approximately 1.5 thousand employees, Toray Composite Materials America specializes in manufacturing and supplying advanced composite materials for the aerospace sector. The company's composites are used in various aerospace applications such as aircraft structures, interiors, and engine components. Toray Composite Materials America has achieved significant revenue growth, with annual revenues reaching around 500 million US dollars. Through its innovative and high-quality products, the company continues to contribute to the advancement of the aerospace industry.
#24 Zoltek Companies, Inc.
Employees: 1.2K
Revenue: 750M$
Website: https://www.zoltek.com
Description: Zoltek Companies, Inc. is a leading player in the Aerospace Composites industry, specializing in the production of carbon fibers and composite materials for aerospace applications. Headquartered in St. Louis, United States, Zoltek was founded in 1975 and has since established itself as a trusted supplier to major aerospace manufacturers. With a workforce of approximately 1.2 thousand employees, Zoltek operates state-of-the-art facilities that produce high-quality carbon fibers with exceptional strength and lightweight properties. The company's composites are used in various aerospace applications, including aircraft structures, interiors, and propulsion systems. Zoltek's dedication to innovation, quality, and customer satisfaction has propelled its revenue to reach an impressive 750 million dollars.
#23 SGL Carbon SE
Employees: 4K
Revenue: 1.2B$
Website: https://www.sglcarbon.com/en
Description: SGL Carbon SE is a leading company in the Aerospace Composites industry. Headquartered in Wiesbaden, Germany, SGL Carbon specializes in the development and production of carbon-based materials and products for various applications in the aerospace sector. With a history dating back to 1992, the company has established itself as a trusted partner for aerospace manufacturers, providing innovative solutions that enhance performance and fuel efficiency. SGL Carbon's extensive portfolio includes carbon fiber-reinforced composites, which are used in the production of lightweight aircraft components such as wings, fuselages, and interiors. The company's expertise in aerospace composites enables it to contribute to the ongoing advancements in the industry, driving progress towards more sustainable and efficient air travel.
#22 Ducommun Incorporated
Employees: 4.3K
Revenue: 1.2B$
Website: https://www.ducommun.com
Description: Ducommun Incorporated is a leading provider of manufacturing and engineering services for the aerospace composites industry. Headquartered in Santa Ana, California, the company has been in operation since 1849. With a workforce of approximately 4,300 employees, Ducommun is dedicated to delivering high-quality composites solutions to its customers. The company's expertise lies in the design, development, and production of advanced composite structures and components for various aerospace applications. Ducommun's revenue in the aerospace composites sector amounts to 1.2 billion dollars, reflecting its strong presence and success in the industry.
#21 Kaman Corporation
Employees: 5K
Revenue: 1.2B$
Website: https://www.kaman.com
Description: Kaman Corporation, headquartered in Bloomfield, United States, is a leading player in the Aerospace Composites industry. Founded in 1945, the company has a workforce of approximately 5,000 employees. With annual revenue of 1.2 billion dollars, Kaman Corporation specializes in the manufacturing and distribution of aerospace composite structures and components. They offer a wide range of products including composite aerostructures, composite fan blades, composite radomes, and composite winglets. Kaman Corporation's expertise lies in providing lightweight, high-performance composite solutions to the aerospace sector, enabling increased fuel efficiency and reduced emissions for their customers. With their commitment to innovation and quality, Kaman Corporation continues to be a trusted partner in the Aerospace Composites industry.
#20 ATK Launch Systems Inc.
Employees: 3K
Revenue: 1.2B$
Website: https://www.atk.com
Description: ATK Launch Systems Inc. is a leading company in the Aerospace Composites industry. Headquartered in Elkton, United States, ATK Launch Systems specializes in the design, development, and manufacturing of advanced composite materials for aerospace applications. With a history dating back to 1981, the company has established itself as a key player in the industry. ATK Launch Systems boasts a workforce of approximately 3,000 employees, who are dedicated to delivering high-quality solutions to their customers. The company's annual revenue stands at an impressive 1.2 billion dollars, reflecting its strong market position and success in the aerospace sector.
#19 Aerojet Rocketdyne Holdings, Inc.
Employees: 6K
Revenue: 1.2B$
Website: https://www.rocket.com
Description: Aerojet Rocketdyne Holdings, Inc. is a leading aerospace and defense company specializing in aerospace composites. Headquartered in El Segundo, California, United States, the company has been in operation since 1942. With a workforce of approximately 6,000 employees, Aerojet Rocketdyne is committed to providing innovative solutions in the aerospace industry. The company's annual revenue is estimated to be around 1.2 billion dollars. Aerojet Rocketdyne is known for its expertise in designing and manufacturing advanced aerospace composites, contributing to the development of cutting-edge technologies and space exploration missions. Through its dedication to excellence and industry-leading capabilities, Aerojet Rocketdyne continues to drive advancements in the aerospace composites sector.
#18 Cytec Solvay Group
Employees: 4.5K
Revenue: 1.9B$
Website: https://www.cytec.com/
Description: Cytec Solvay Group, headquartered in Woodland Park, United States, is a leading player in the Aerospace Composites industry. With a history dating back to 1935, the company has established itself as a trusted provider of advanced aerospace materials and solutions. Cytec Solvay Group boasts a workforce of approximately 4,500 employees, who contribute to the company's success through their expertise and innovation. The company generates an impressive annual revenue of 1.9 billion dollars, solidifying its position as a key player in the aerospace composites market. Cytec Solvay Group continues to drive advancements in aerospace composites, delivering high-performance solutions that meet the industry's stringent requirements.
#17 Meggitt PLC
Employees: 11K
Revenue: 2.3B$
Website: https://www.meggitt.com/
Description: Meggitt PLC, headquartered in Coventry, United Kingdom, is a leading company in the Aerospace Composites industry. Founded in 1947, Meggitt specializes in providing advanced aerospace systems and components to customers worldwide. With a workforce of approximately 11,000 employees, the company is dedicated to delivering innovative solutions that enhance the performance, efficiency, and safety of aircraft. Meggitt generates an annual revenue of 2.3 billion dollars, positioning itself as a major player in the aerospace market. Through its advanced composites technologies, Meggitt continues to contribute to the advancement of the aerospace industry and meet the evolving needs of its customers.
#16 Toray Industries, Inc.
Employees: 47K
Revenue: 2.4B$
Website: https://www.toray.com/
Description: Toray Industries, Inc., headquartered in Tokyo, Japan, is a leading company in the Aerospace Composites industry. Founded in 1926, Toray has established itself as a prominent player in the sector. With a workforce of approximately 47,000 employees, Toray is committed to delivering innovative solutions and high-quality products in the aerospace field. The company's revenue stands at around 2.4 billion dollars, reflecting its strong market presence and financial performance. Toray's expertise in aerospace composites enables it to provide lightweight, durable, and performance-enhancing materials for aircraft manufacturing and related applications, contributing to the advancement of the aerospace industry.
#15 Moog Inc.
Employees: 12.5K
Revenue: 2.5B$
Website: https://www.moog.com/
Description: Moog Inc. is a leading company in the Aerospace Composites industry. Headquartered in East Aurora, United States, Moog specializes in providing advanced solutions for the aerospace sector. With a rich history dating back to 1951, the company has achieved significant growth and success over the years. Moog employs approximately 12.5 thousand employees worldwide, who are dedicated to delivering innovative aerospace composites solutions. The company's annual revenue stands at around 2.5 billion dollars, reflecting its strong presence and market share in the industry. Moog's commitment to excellence and cutting-edge technology has established it as a trusted partner for aerospace companies seeking high-quality composites for their products.
#14 Hexcel Corporation
Employees: 6.2K
Revenue: 2.5B$
Website: https://www.hexcel.com
Description: Hexcel Corporation, headquartered in Stamford, United States, is a leading aerospace composites company. Founded in 1948, the company has established itself as a key player in the aerospace industry. With a workforce of approximately 6.2 thousand employees, Hexcel specializes in advanced composites technologies that cater to the unique requirements of the aerospace sector. The company's products include carbon fibers, reinforcements, prepregs, honeycomb, adhesives, and composite structures. Hexcel's cutting-edge solutions are used in various aerospace applications, including aircraft structures, engines, interiors, and rotorcraft. With a revenue of 2.5 billion dollars, Hexcel continues to innovate and deliver high-performance composites that contribute to the advancement of the aerospace industry.
#13 Crane Co.
Employees: 12K
Revenue: 3B$
Website: https://www.craneco.com
Description: Crane Co. is a leading player in the Aerospace Composites industry. Headquartered in Stamford, United States, the company was founded in 1855. With a workforce of approximately 12,000 employees, Crane Co. operates in the manufacturing and supply of advanced composite materials for the aerospace sector. The company specializes in the development and production of lightweight and high-strength composites used in aircraft structures, interiors, and components. Crane Co. has established itself as a trusted partner for major aerospace companies, providing innovative solutions that enhance aircraft performance, fuel efficiency, and safety. With a strong focus on research and development, the company continues to invest in cutting-edge technologies to meet the evolving needs of the aerospace industry. With annual revenues reaching 3 billion dollars, Crane Co. remains a prominent player in the Aerospace Composites market.
#12 DowDuPont Inc.
Employees: 30K
Revenue: 4B$
Website: https://www.dow-dupont.com/aerospace-composites
Description: DowDuPont Inc., headquartered in Wilmington, United States, is a leading company in the Aerospace Composites industry. Established in 2017, the company has a workforce of approximately 30,000 employees. With an annual revenue of around 4 billion dollars, DowDuPont Inc. specializes in the development and manufacturing of advanced composites for the aerospace sector. Their cutting-edge solutions are utilized in the production of lightweight and high-strength materials that enhance the performance and fuel efficiency of aircraft. Through continuous innovation and collaboration with industry leaders, DowDuPont Inc. remains at the forefront of aerospace composites technology, providing solutions that meet the stringent requirements of the aerospace industry.
#11 GKN Aerospace
Employees: 18K
Revenue: 5.3B$
Website: https://www.gknaerospace.com/
Description: GKN Aerospace, headquartered in Redditch, United Kingdom, is a major player in the Aerospace Composites industry. With a rich history dating back to 1759, the company has established itself as a trusted provider of advanced composites solutions for the aerospace sector. GKN Aerospace boasts a workforce of approximately 18,000 employees, making it a significant employer in the industry. The company's annual revenue stands at an impressive 5.3 billion dollars, reflecting its strong position in the market. With its expertise in composites manufacturing, GKN Aerospace continues to innovate and deliver high-quality products to support the evolving needs of the aerospace industry.
#10 Spirit AeroSystems Holdings, Inc.
Employees: 18K
Revenue: 7.2B$
Website: https://www.spiritaero.com
Description: Spirit AeroSystems Holdings, Inc. is a leading aerospace composites manufacturer based in Wichita, United States. Since its founding in 2005, the company has grown to employ approximately 18,000 professionals worldwide. With a focus on aerospace composites, Spirit AeroSystems designs and manufactures a wide range of composite structures for commercial and defense aircraft. Their expertise in composites allows them to offer lightweight, durable, and fuel-efficient solutions that meet the stringent safety and performance standards of the aerospace industry. Spirit AeroSystems is dedicated to innovation and collaboration, working closely with their customers to develop cutting-edge composite technologies that enhance aircraft performance and reduce environmental impact. With annual revenue of 7.2 billion dollars, Spirit AeroSystems is a key player in the aerospace composites industry.
#9 Owens Corning
Employees: 19.5K
Revenue: 8.2B$
Website: https://www.owenscorning.com/
Description: Owens Corning is a leading global producer of aerospace composites, specializing in lightweight materials for the aerospace industry. Headquartered in Toledo, Ohio, United States, the company was founded in 1938. With approximately 19.5 thousand employees, Owens Corning is committed to delivering high-quality products and innovative solutions to meet the aerospace industry's demands. The company's aerospace composites division offers a wide range of advanced materials, including carbon fiber fabrics, prepregs, and adhesives, that are used in the manufacturing of aircraft components such as wings, fuselages, and interiors. Owens Corning's dedication to research and development ensures that their composites provide exceptional strength, durability, and performance, contributing to the overall safety and efficiency of aerospace systems. With an annual revenue of 8.2 billion dollars, Owens Corning continues to be a trusted and reliable partner in the aerospace composites industry.
#8 Teijin Limited
Employees: 35K
Revenue: 8.5B$
Website: https://www.teijin.com/
Description: Teijin Limited is a Japanese company headquartered in Tokyo, Japan. Founded in 1918, Teijin operates in the aerospace composites industry. With a workforce of approximately 35,000 employees, the company is a leading player in the industry. Teijin specializes in the development and manufacturing of advanced materials for aerospace applications. They provide high-performance composites that offer excellent strength-to-weight ratio, durability, and resistance to extreme conditions. Teijin's innovative solutions are used in the production of aircraft components, such as wings, fuselage, and interiors, contributing to the overall efficiency and safety of aerospace systems. With an annual revenue of 8.5 billion dollars, Teijin Limited continues to be a key player in the aerospace composites industry.
#7 Huntsman Corporation
Employees: 10.0K
Revenue: 9.5B$
Website: https://www.huntsman.com/
Description: Huntsman Corporation, headquartered in The Woodlands, United States, is a leading company in the Aerospace Composites industry. Founded in 1970, the company has a workforce of approximately 10,000 employees. With a revenue of 9.5 billion dollars, Huntsman Corporation specializes in the manufacturing and supply of advanced composites for the aerospace sector. Their high-performance composites are utilized in various applications such as aircraft structures, engine components, and interior parts. Huntsman Corporation has established itself as a trusted partner for aerospace companies, providing innovative and reliable solutions to meet the industry's stringent requirements. For more information about their products and services, please visit their official website.
#6 Mitsubishi Chemical Holdings Corporation
Employees: 40K
Revenue: 9.8B$
Website: https://www.mitsubishichem-hd.co.jp/english/
Description: Mitsubishi Chemical Holdings Corporation is a leading player in the Aerospace Composites industry. Headquartered in Tokyo, Japan, the company has a rich history dating back to its founding in 1933. With a workforce of approximately 40,000 employees, Mitsubishi Chemical Holdings Corporation operates globally, providing advanced aerospace composite materials and solutions to meet the growing demands of the aerospace sector. The company's expertise lies in the development and production of lightweight, high-performance composites that enhance fuel efficiency, reduce emissions, and improve overall aircraft performance. With an annual revenue of 9.8 billion dollars, Mitsubishi Chemical Holdings Corporation continues to innovate and collaborate with aerospace manufacturers to drive advancements in the industry.
#5 Solvay S.A.
Employees: 26K
Revenue: 10.2B$
Website: https://www.solvay.com
Description: Solvay S.A., headquartered in Brussels, Belgium, is a leading company in the Aerospace Composites industry. Founded in 1863, Solvay has grown to become a global player in the aerospace sector. With approximately 26,000 employees worldwide, Solvay is committed to providing innovative solutions and advanced materials for the aerospace industry. The company's revenue amounts to 10.2 billion dollars, making it a key player in the market. Solvay's expertise in aerospace composites enables them to deliver high-performance solutions that meet the stringent requirements of the industry. Through continuous research and development, Solvay remains at the forefront of technological advancements in the aerospace sector.
#4 Honeywell International Inc.
Employees: 110K
Revenue: 36B$
Website: https://www.honeywell.com/
Description: Honeywell International Inc., headquartered in Charlotte, North America, is a leading company in the Aerospace Composites industry. With a history dating back to 1906, Honeywell has established itself as a key player in the aerospace sector. The company employs approximately 110,000 employees worldwide, contributing to its revenue of 36 billion dollars. Honeywell specializes in the development and manufacturing of aerospace composites, providing innovative solutions to enhance the performance and efficiency of aircraft. With its extensive expertise and global presence, Honeywell continues to drive advancements in the aerospace composites industry, revolutionizing the way aircraft are built and operated.
#3 United Technologies Corporation
Employees: 240K
Revenue: 77.0B$
Website: https://www.utc.com
Description: United Technologies Corporation, headquartered in Farmington, United States, is a leading company in the Aerospace Composites industry. With a rich history dating back to 1934, the company has established itself as a key player in the aerospace sector. United Technologies Corporation employs approximately 240,000 individuals worldwide, making it a major employer in the industry. The company generates an impressive revenue of 77.0 billion dollars, reflecting its strong market position and success in the aerospace composites sector. Through its innovative products and solutions, United Technologies Corporation continues to contribute to the advancements and growth of the aerospace industry.
#2 General Electric Company
Employees: 200K
Revenue: 95B$
Website: https://www.ge.com
Description: General Electric Company, headquartered in Boston, United States, is a leading player in the Aerospace Composites industry. With a rich history dating back to 1892, the company has established itself as a key contributor to the aerospace sector. General Electric operates in the design, manufacturing, and supply of advanced composites for aerospace applications. With a workforce of approximately 200,000 employees, the company combines cutting-edge technology and engineering expertise to deliver innovative composite solutions that enhance the performance and efficiency of aerospace components. General Electric's annual revenue in the aerospace composites industry reaches an impressive 95 billion dollars, positioning the company as a major player in the market.
#1 Berkshire Hathaway Inc.
Employees: 400K
Revenue: 254B$
Website: https://www.berkshirehathaway.com/
Description: Berkshire Hathaway Inc. is a multinational conglomerate headquartered in Omaha, United States. With a rich history dating back to 1839, the company has become a major player in the Aerospace Composites industry. Berkshire Hathaway operates through its subsidiaries and engages in the design, manufacturing, and distribution of aerospace composites for various applications. The company's commitment to innovation and quality has made it a trusted partner for leading aerospace companies. With a workforce of around 400,000 employees, Berkshire Hathaway generates an impressive revenue of 254 billion dollars, solidifying its position as a dominant force in the aerospace sector.
Summary
The aerospace composites sub-industry has seen significant growth in recent years, with several companies leading the way in this field. These top companies have achieved remarkable success through their innovative products and services, as well as their strong market presence.
One unexpected finding from the analysis is the increasing demand for lightweight and high-strength materials in the aerospace industry. This trend has propelled the growth of composites, as they offer superior qualities compared to traditional materials.
Among the premier companies in the aerospace composites sector is Company A, known for its cutting-edge composite materials and components. Company B is another key player, specializing in aerospace composites manufacturing. Company C stands out for its expertise in designing and engineering composite structures.
One shared element among these leading firms is their commitment to research and development. They invest heavily in developing new materials and technologies that enhance the performance and efficiency of aerospace composites. Additionally, these companies have established strong partnerships with aerospace manufacturers, allowing them to collaborate on innovative solutions.
What sets these eminent companies apart from their competitors is their ability to provide customized solutions tailored to the specific needs of aerospace customers. They have a deep understanding of the industry's requirements and work closely with their clients to deliver exceptional products. Moreover, these companies have a proven track record of delivering on time and within budget, earning them a reputation for reliability and excellence in the aerospace composites market.