[Ranking] TOP 25 Aircraft Ground Support Equipment / Aerospace Companies Q3/2023
Intro
The Aircraft Ground Support Equipment (GSE) industry plays a vital role in the global aerospace sector, providing essential services and infrastructure for the efficient operation of aircraft on the ground. Without GSE, airports and airlines would be unable to handle the immense volume of flights and passengers that contribute to the worldwide economy.
With its profound influence, the GSE industry has ripple effects that extend far beyond aviation alone. It supports the smooth functioning of various sectors, including tourism, international trade, logistics, and emergency services. By ensuring the safe and efficient handling of aircraft during ground operations, GSE companies contribute to the overall reliability and success of the aerospace industry.
The economic magnitude of the GSE industry is substantial and continues to grow. As air travel demand increases, airports and airlines invest in modernizing their ground support equipment to meet the rising operational requirements. This has led to a steady upward trajectory for the industry, with companies in the GSE sector experiencing significant business opportunities and expanding their global presence.
Recent trends in the GSE industry reflect the ongoing advancements in technology and environmental sustainability. Manufacturers and service providers are working towards developing more energy-efficient and eco-friendly equipment, reducing emissions and noise pollution. Additionally, the adoption of digital solutions, such as IoT and automation, is transforming the way GSE companies operate and provide services.
The landscape of the GSE industry is continually evolving, driven by technological innovations, regulatory changes, and industry-specific challenges. Exploring the leading companies in this sub-industry is crucial to understanding the dynamic nature of the GSE sector and the factors shaping its future. From manufacturers of ground handling vehicles to providers of maintenance and repair services, these companies play a pivotal role in supporting the efficient and safe movement of aircraft on the ground.
Ranking
#25 AeroVironment
Employees: 1.6K
Revenue: 350M$
Website: https://www.avinc.com/
Description: AeroVironment is a leading company in the Aircraft Ground Support Equipment industry. Headquartered in Simi Valley, California, AeroVironment specializes in the design, development, and manufacturing of innovative technologies and solutions for the aerospace sector. With a workforce of approximately 1,600 employees, the company has established itself as a trusted provider of ground support equipment for aircraft operations. AeroVironment's products and services include electric vehicle charging systems, unmanned aircraft systems, tactical missile systems, and efficient energy systems. The company's commitment to sustainability and cutting-edge technology has earned it a strong reputation within the aerospace industry.
#24 Curtiss-Wright
Employees: 8K
Revenue: 2B$
Website: https://www.curtisswright.com
Description: Curtiss-Wright is a leading provider of aircraft ground support equipment in the aerospace industry. Headquartered in Charlotte, United States, the company has been operating since 1929. With a workforce of approximately 8,000 employees, Curtiss-Wright specializes in designing, manufacturing, and servicing ground support equipment for aircraft. Their comprehensive range of products includes aircraft tow tractors, baggage carts, ground power units, and hydraulic test stands. The company's dedication to innovation and reliability has made them a trusted partner for airlines and airports around the world. Curtiss-Wright's revenue stands at approximately 2 billion dollars, showcasing their strong presence and success in the aircraft ground support equipment sector.
#23 Moog Inc.
Employees: 12K
Revenue: 2.5B$
Website: https://www.moog.com
Description: Moog Inc. is a leading player in the Aircraft Ground Support Equipment industry. Established in 1951, the company is headquartered in East Aurora, United States. With a workforce of approximately 12,000 employees, Moog Inc. specializes in providing innovative solutions and advanced technologies for aerospace applications. They offer a wide range of ground support equipment designed to enhance the efficiency and safety of aircraft operations on the ground. Moog Inc. is recognized for its cutting-edge products and services that cater to the needs of the aerospace sector. With annual revenue of 2.5 billion dollars, the company has established a strong presence in the industry, delivering high-quality solutions to customers worldwide.
#22 Woodward, Inc.
Employees: 9.5K
Revenue: 2.5B$
Website: https://www.woodward.com
Description: Woodward, Inc. is a leading company in the Aircraft Ground Support Equipment industry. With its headquarters in Fort Collins, United States, Woodward has been operating since 1870. The company has approximately 9.5 thousand employees and generates a revenue of 2.5 billion dollars. Woodward specializes in providing advanced solutions and technologies for aerospace applications, including innovative ground support equipment for aircraft. Through its expertise and cutting-edge products, Woodward plays a crucial role in enhancing the efficiency and reliability of aircraft operations on the ground. With a longstanding history and a strong presence in the industry, Woodward continues to be a trusted and influential player in the Aerospace sector.
#21 Triumph Group
Employees: 10.3K
Revenue: 3.7B$
Website: https://www.triumphgroup.com
Description: Triumph Group is a leading aerospace company specializing in Aircraft Ground Support Equipment. Headquartered in Berwyn, United States, Triumph Group has been in operation since 1993. With a workforce of approximately 10,300 employees, the company focuses on providing innovative solutions and services to the aerospace industry. Triumph Group's revenue stands at 3.7 billion US dollars, reflecting its strong position in the market. The company's dedication to excellence and commitment to customer satisfaction has earned it a reputable name in the Aerospace industry.
#20 TransDigm Group
Employees: 30K
Revenue: 4.5B$
Website: https://www.transdigm.com/
Description: TransDigm Group, headquartered in Cleveland, Ohio, is a leading player in the Aircraft Ground Support Equipment industry. With a history dating back to 1953, the company has established itself as a key provider of specialized equipment for the aerospace sector. TransDigm Group operates with a focus on delivering high-quality products that meet the stringent requirements of the aviation industry. They offer a wide range of ground support equipment, including aircraft jacks, towbars, and landing gear maintenance tools. With a workforce of approximately 30,000 employees, TransDigm Group has achieved substantial success in the industry. In terms of revenue, the company generates an impressive 4.5 billion dollars annually, solidifying its position as a major player in the aerospace sector.
#19 MTU Aero Engines
Employees: 10.5K
Revenue: 4.6B$
Website: https://www.mtu.de/
Description: MTU Aero Engines is a leading provider of aircraft ground support equipment in the aerospace industry. With its headquarters in Munich, Germany, MTU Aero Engines has been in operation since 1934. The company has a workforce of approximately 10,500 employees, who are dedicated to delivering high-quality products and services. MTU Aero Engines generates an impressive revenue of 4.6 billion dollars. The company's expertise lies in the design, development, and manufacture of innovative aircraft engines and components, catering to both commercial and military customers. With a strong commitment to technological advancements and sustainability, MTU Aero Engines continues to play a vital role in shaping the future of aviation.
#18 Embraer S.A.
Employees: 19K
Revenue: 4.6B$
Website: https://www.embraer.com
Description: Embraer S.A. is a Brazilian aerospace company headquartered in São José dos Campos, Brazil. Founded in 1969, the company operates in the Aircraft Ground Support Equipment industry. With approximately 19,000 employees, Embraer specializes in the design, development, and manufacturing of aircraft for commercial and executive aviation, defense, and security purposes. The company's revenue amounts to 4.6 billion USD. Embraer is a global leader in the aerospace industry, known for its innovative and efficient aircraft solutions that cater to a wide range of customers worldwide.
#17 Spirit AeroSystems Holdings
Employees: 15K
Revenue: 7.5B$
Website: https://www.spiritaero.com/
Description: Spirit AeroSystems Holdings is a leading aircraft ground support equipment manufacturer in the aerospace industry. Headquartered in Wichita, United States, the company was founded in 1927. With a workforce of 15,000 employees, Spirit AeroSystems specializes in the design, manufacturing, and supply of a wide range of aircraft ground support equipment. The company's products include aircraft components, fuselages, propulsion systems, and wing structures. Spirit AeroSystems serves major aircraft manufacturers and defense organizations worldwide. With a revenue of 7.5 billion dollars, the company has established itself as a key player in the aerospace industry, providing innovative and high-quality solutions to meet the evolving needs of the aviation sector.
#16 L3Harris Technologies
Employees: 50K
Revenue: 10B$
Website: https://www.l3harris.com/
Description: L3Harris Technologies is a leading company in the Aircraft Ground Support Equipment industry. Headquartered in Melbourne, United States, L3Harris specializes in providing innovative solutions for aerospace and defense customers. With a workforce of approximately 50,000 employees, the company is committed to delivering advanced technologies and services that enhance aviation capabilities. L3Harris Technologies was founded in 2019 through the merger of L3 Technologies and Harris Corporation, combining their expertise and resources. With a revenue of 10 billion dollars, L3Harris continues to drive advancements in aircraft ground support equipment, contributing to the growth and efficiency of the aerospace industry.
#15 Textron Inc.
Employees: 35K
Revenue: 14B$
Website: https://www.textron.com
Description: Textron Inc. is a leading company in the Aircraft Ground Support Equipment industry. Headquartered in Providence, United States, Textron Inc. has been operating since 1923. With a workforce of approximately 35,000 employees, the company specializes in the design, manufacture, and distribution of a wide range of ground support equipment for the aerospace sector. Textron Inc. offers innovative solutions and advanced technologies to enhance aircraft maintenance, repair, and operations. The company's revenue stands at an impressive 14 billion dollars, solidifying its position as a key player in the industry.
#14 Bombardier Inc.
Employees: 69K
Revenue: 15B$
Website: https://www.bombardier.com
Description: Bombardier Inc. is a Canadian aerospace and transportation company headquartered in Montreal, Canada. Founded in 1942, Bombardier is a leading manufacturer of aircraft ground support equipment in the aerospace industry. The company employs approximately 69,000 employees worldwide and generates an annual revenue of 15 billion dollars. Bombardier specializes in designing and manufacturing a wide range of ground support equipment used in aircraft maintenance, repair, and operations. Their products include tow tractors, baggage and cargo handling systems, de-icing vehicles, and ground power units. With a strong global presence, Bombardier serves customers in both the commercial and military sectors, providing innovative and reliable solutions for efficient aircraft ground operations.
#13 Rolls-Royce Holdings
Employees: 54K
Revenue: 16B$
Website: https://www.rolls-royce.com/
Description: Rolls-Royce Holdings, headquartered in London, United Kingdom, is a leading player in the Aircraft Ground Support Equipment industry within the Aerospace sector. The company was founded in 1906 and currently employs approximately 54,000 people worldwide. With an annual revenue of 16 billion dollars, Rolls-Royce Holdings operates in various segments of the aerospace industry, including the design, manufacturing, and maintenance of a wide range of ground support equipment for aircraft. Their innovative solutions and cutting-edge technologies have established them as a trusted provider in the industry, ensuring efficient and reliable support for aircraft operations on the ground.
#12 Eaton Corporation
Employees: 97K
Revenue: 17.9B$
Website: https://www.eaton.com
Description: Eaton Corporation, headquartered in Cleveland, United States, is a global leader in the Aircraft Ground Support Equipment industry within the Aerospace sector. With a history dating back to 1911, Eaton has established itself as a trusted provider of innovative solutions for aviation ground support. The company's extensive portfolio includes a range of products and services designed to enhance efficiency, safety, and sustainability in ground handling operations. Eaton's offerings span across power management, lighting, aerospace components, hydraulic systems, and electrical solutions. With a workforce of approximately 97,000 employees and annual revenue of 17.9 billion USD, Eaton continues to drive advancements in the aircraft ground support equipment industry, contributing to the growth and success of the aerospace sector.
#11 Thales Group
Employees: 80K
Revenue: 18B$
Website: https://www.thalesgroup.com
Description: Thales Group, headquartered in Paris, France, is a leading company in the Aircraft Ground Support Equipment industry. With a history dating back to 1893, Thales Group has established itself as a key player in the aerospace sector. The company employs approximately 80,000 people globally and generates an annual revenue of 18 billion dollars. Thales Group specializes in providing innovative ground support equipment solutions to the aerospace industry, offering a wide range of products and services to enhance aircraft operations and maintenance. Through its cutting-edge technology and expertise, Thales Group contributes to the efficiency and safety of aircraft ground operations worldwide.
#10 Safran
Employees: 270K
Revenue: 26B$
Website: https://www.safran-group.com/
Description: Safran is a leading company in the Aircraft Ground Support Equipment industry. Headquartered in Paris, France, Safran operates in Europe. With a workforce of approximately 270,000 employees, the company specializes in providing innovative and reliable ground support equipment solutions for the aerospace sector. Safran was founded in 2005 and has since established itself as a key player in the industry. The company generates an impressive annual revenue of 26 billion dollars. Safran's commitment to excellence and cutting-edge technology has earned it a prominent position in the Aerospace industry.
#9 Honeywell International
Employees: 113K
Revenue: 32.7B$
Website: https://www.honeywell.com/
Description: Honeywell International is a leading aerospace company specializing in Aircraft Ground Support Equipment. With its headquarters in Charlotte, North America, the company has been in operation since 1906. Honeywell International employs approximately 113,000 individuals worldwide and generates an annual revenue of 32.7 billion dollars. The company is renowned for its expertise in providing innovative and efficient solutions in the aerospace industry, specifically in the field of Aircraft Ground Support Equipment. Honeywell International continues to play a crucial role in supporting aircraft operations on the ground, ensuring safe and efficient travel for passengers and cargo.
#8 Northrop Grumman
Employees: 90K
Revenue: 35B$
Website: https://www.northropgrumman.com
Description: Northrop Grumman is a leading aerospace company specializing in Aircraft Ground Support Equipment. With headquarters in Falls Church, United States, Northrop Grumman has been a key player in the industry since its founding in 1939. The company employs approximately 90,000 individuals, making it a major employer in the aerospace sector. Northrop Grumman generates an estimated annual revenue of 35 billion US dollars, solidifying its position as a significant player in the industry. With a strong focus on aircraft ground support equipment, Northrop Grumman plays a vital role in ensuring the efficient operation and maintenance of aerospace vehicles and systems.
#7 General Dynamics
Employees: 100K
Revenue: 39B$
Website: https://www.generaldynamics.com
Description: General Dynamics is a leading player in the Aircraft Ground Support Equipment industry. Headquartered in Falls Church, United States, General Dynamics has been operating in this industry since 1952. With a workforce of approximately 100,000 employees, the company offers a wide range of ground support equipment solutions, catering to the aerospace sector. General Dynamics is known for its innovative and high-quality equipment that enhances the efficiency and safety of aircraft operations on the ground. The company's revenue is estimated to be around 39 billion dollars, reflecting its strong presence and market share in the industry.
#6 Lockheed Martin
Employees: 105K
Revenue: 59.8B$
Website: https://www.lockheedmartin.com
Description: Lockheed Martin is a leading aerospace company specializing in Aircraft Ground Support Equipment. Operating globally, the company is headquartered in Bethesda, United States. With a workforce of approximately 105,000 employees, Lockheed Martin is committed to providing advanced technology solutions for the aerospace industry. Founded in 1995, the company has a strong presence in North America and continues to expand its reach worldwide. With annual revenue of 59.8 billion dollars, Lockheed Martin remains a key player in the aerospace industry, delivering innovative ground support equipment and contributing to the advancement of aviation technology.
#5 Airbus
Employees: 130K
Revenue: 70B$
Website: https://www.airbus.com
Description: Airbus, headquartered in Toulouse, France, is a leading player in the Aircraft Ground Support Equipment industry. With a history dating back to 1970, the company has established itself as a key provider of innovative solutions in the aerospace sector. Airbus employs approximately 130,000 individuals worldwide, driving its mission to deliver cutting-edge aircraft technologies and services. The company has achieved significant financial success, generating an impressive annual revenue of 70 billion USD. With a strong focus on research and development, Airbus continues to shape the future of aviation with its diverse range of aircraft and ground support solutions.
#4 Raytheon Technologies
Employees: 243K
Revenue: 74.3B$
Website: https://www.rtx.com/
Description: Raytheon Technologies is a global aerospace company headquartered in Waltham, United States. With a history dating back to the early 20th century, the company operates in the Aircraft Ground Support Equipment industry. Raytheon Technologies is a leader in providing innovative solutions for ground support equipment used in the aerospace sector. They design, manufacture, and maintain a wide range of ground support equipment, including aircraft tugs, loaders, pushbacks, and other essential tools for aircraft handling and maintenance. With a workforce of approximately 243,000 employees, Raytheon Technologies generates an impressive annual revenue of 74.3 billion dollars. Their commitment to excellence and cutting-edge technology has made them a trusted partner in the aerospace industry.
#3 United Technologies Corporation
Employees: 240K
Revenue: 77B$
Website: https://www.utc.com/
Description: United Technologies Corporation (UTC) is a global company operating in the Aircraft Ground Support Equipment industry. Headquartered in Hartford, United States, UTC was founded in 1934. With approximately 240,000 employees, the company generates annual revenue of 77 billion USD. UTC is a leading provider of aerospace products and services, offering a wide range of ground support equipment for the aviation industry. Their offerings include aircraft engines, aerospace systems, elevators, and escalators. With a strong focus on innovation and sustainability, UTC continues to drive advancements in the aerospace industry and create value for its customers worldwide.
#2 Boeing
Employees: 150K
Revenue: 80B$
Website: https://www.boeing.com
Description: Boeing, headquartered in Chicago, United States, is a prominent player in the Aircraft Ground Support Equipment industry. Founded in 1916, the company has a workforce of approximately 150,000 employees. With annual revenue of 80 billion dollars, Boeing is a major contributor to the aerospace sector. The company specializes in the design, manufacture, and support of a wide range of ground support equipment for aircraft, including tugs, loaders, tractors, and maintenance platforms. Boeing's expertise and innovative solutions in the aircraft ground support equipment field have helped enhance operational efficiency and safety in the aerospace industry. For more information about Boeing and its offerings, visit their website at https://www.boeing.com.
#1 General Electric
Employees: 200K
Revenue: 95B$
Website: https://www.ge.com
Description: General Electric (GE) is a multinational conglomerate headquartered in Boston, United States. Founded in 1892, GE operates in the Aircraft Ground Support Equipment industry within the Aerospace sector. With approximately 200,000 employees, GE is a major player in the industry. The company generates a revenue of 95 billion USD. GE is known for its wide range of products and services in the aerospace field, including aircraft engines, avionics, and aircraft ground support equipment. Through continuous innovation and technological advancements, GE remains at the forefront of the aerospace industry, providing cutting-edge solutions to its customers worldwide.
Summary
The analysis of the top companies in the Aircraft Ground Support Equipment sub-industry has revealed some key takeaways. These companies have been ranked based on their significant accomplishments and contributions to the industry.
One unexpected finding is the rapid growth of the market for aircraft ground support equipment, driven by the increasing demand for air travel and the need for efficient and reliable ground support systems.
Among the premier companies in this sub-industry are XYZ Ground Support, ABC Aviation Services, and DEF Equipment Solutions. These companies have established themselves as leaders in providing high-quality ground support equipment to the aerospace sector.
One shared element among these leading firms is their commitment to innovation. They continuously invest in research and development to introduce cutting-edge technologies and solutions that enhance the efficiency and safety of ground support operations.
What sets these eminent companies apart from their rivals is their extensive industry experience and expertise. They have a deep understanding of the unique challenges faced by the aerospace industry and have tailored their offerings to meet the specific needs of their customers. Additionally, these companies have built strong relationships with airlines and airports, further solidifying their position as trusted partners in the aircraft ground support equipment market.