Markets

Ranked: The Largest Aircraft Makers in 2024

Published

7 months ago

October 16, 2024

Pranav Gavali

Featured Creator

Article/Editing:

Ryan Bellefontaine

See this visualization first on the Voronoi app.

Ranked: The Largest Aircraft Makers in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

As the aerospace industry continues to refine its craft, several companies and one country stand out as the industry leaders.

This voronoi-style diagram, created by Pranav Gavali, uses data from CompaniesMarketCap.com to show the world’s top 20 publicly-traded aerospace companies by market capitalization as of March 2024.

It’s worth noting that the data in this ranking excludes private companies.

Airbus and Honeywell: Leaders of the Aerospace Industry

The aerospace industry continues to evolve; in 2024, two giants stand above the rest.

Rank	Name	Market Cap	Country
1	Airbus	$136,525,636,766.00	🇳🇱Netherlands
2	Honeywell	$130,925,543,424.00	🇺🇸United States
3	Boeing	$121,105,694,720.00	🇺🇸United States
4	Raytheon Technologies	$120,582,299,648.00	🇺🇸United States
5	Lockheed Martin	$104,607,260,672.00	🇺🇸United States
6	Safran	$89,803,787,471.00	🇫🇷France
7	Northrop Grumman	$68,941,545,472.00	🇺🇸United States
8	TransDigm	$64,780,783,616.00	🇺🇸United States
9	BAE Systems	$48,956,076,504.00	🇬🇧United Kingdom
10	Rolls-Royce Holdings	$41,435,866,697.00	🇬🇧United Kingdom
11	Howmet Aerospace	$27,793,991,680.00	🇺🇸United States
12	Hindustan Aeronautics	$26,800,281,713.00	🇮🇳India
13	Bharat Electronics	$19,002,955,910.00	🇮🇳India
14	MTU Aero Engines	$13,445,520,414.00	🇩🇪Germany
15	Leonardo	$13,084,478,083.00	🇮🇹Italy
16	Kongsberg Gruppen	$11,420,221,707.00	🇳🇴Norway
17	SAAB AB	$10,649,028,423.00	🇸🇪Sweden
18	Elbit Systems	$9,557,457,920.00	🇮🇱Israel
19	Woodward	$8,891,617,280.00	🇺🇸United States
20	Hanwha Aerospace	$7,653,333,655.00	🇰🇷South Korea

With a market capitalization of $136.5 billion, Airbus is the largest aircraft manufacturer in the world. Founded in 1970, this company, legally headquartered in the Netherlands (but with an operational HQ in France), is a dominant force in commercial and military aircraft production.

Honeywell International, founded in 1906 and based in the U.S., holds the second spot with a market cap of $130.9 billion. The company, headquartered in North Carolina, plays a significant role in aerospace and industrial systems.

The United States: A Major Hub for Aerospace Innovation

The United States continues to be a powerhouse in the aerospace sector, with six of the top 10 companies based in the country.

In addition to Honeywell, other major American players like Boeing, Raytheon Technologies, and Lockheed Martin feature prominently in the rankings.

These firms have helped cement the U.S. as a global leader in commercial aviation and defense, collectively contributing hundreds of billions of dollars to the worldwide market.

The Best of the Rest from India to Norway

Beyond the U.S. and Europe, other nations are emerging as aerospace powerhouses. India, now the world’s most populous country, is home to two key players, Hindustan Aeronautics and Bharat Electronics. They have a combined market cap of $45.8 billion.

Meanwhile, Norway has Kongsberg Gruppen, founded in 1814, valued at $11.4 billion and in 16th place on the list.

Countries such as Sweden, Israel, South Korea, Germany, Italy, France, and the United Kingdom also have companies among the top 20. The variance in countries highlights the global nature of the aerospace industry today.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Business

Mapped: The World’s Top Financial Centers in 2025

See which cities are dominating global finance in this 2025 ranking of the world’s top financial centers.

Published

2 days ago

May 15, 2025

Marcus Lu

Mapped: The World’s Top Financial Centers in 2025

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

The 37th edition of the Global Financial Centres Index (GFCI 37) ranks the competitiveness of 119 financial hubs
Little has changed at the top of the index, with New York, London, and Hong Kong continuing their long-standing dominance

Financial centers are a core pillar of the modern economy, channeling capital, facilitating trade, and driving innovation across the world.

In this graphic, we visualized the world’s top 40 most competitive financial centers, using data from the 37th edition of the Global Financial Centres Index (GFCI 37).

Data & Methodology

The GFCI 37 was compiled using 140 quantitative measures from sources like the World Bank, OECD, and UN.

These measures are combined with assessments collected by respondents to the GFCI online questionnaire. In total, the GFCI 37 used 31,314 assessments from 4,946 respondents.

The data we used to create this graphic is listed below.

City	GFCI 37 Rank	GFCI 37 Rating
🇺🇸 New York	1	769
🇬🇧 London	2	762
🇭🇰 Hong Kong	3	760
🇸🇬 Singapore	4	750
🇺🇸 San Francisco	5	749
🇺🇸 Chicago	6	746
🇺🇸 Los Angeles	7	745
🇨🇳 Shanghai	8	744
🇨🇳 Shenzhen	9	743
🇰🇷 Seoul	10	742
🇩🇪 Frankfurt	11	741
🇦🇪 Dubai	12	740
🇺🇸 Washington DC	13	739
🇮🇪 Dublin	14	738
🇨🇭 Geneva	15	737
🇱🇺 Luxembourg	16	736
🇫🇷 Paris	17	735
🇳🇱 Amsterdam	18	734
🇺🇸 Boston	19	733
🇨🇳 Beijing	20	732
🇨🇭 Zurich	21	731
🇯🇵 Tokyo	22	730
🇨🇦 Toronto	23	729
🇰🇷 Busan	24	728
🇯🇪 Jersey	25	727
🇺🇸 Miami	26	726
🇨🇦 Montreal	27	725
🇦🇺 Melbourne	28	724
🇬🇧 Edinburgh	29	723
🇦🇺 Sydney	30	722
🇨🇦 Vancouver	31	721
🇬🇧 Glasgow	32	720
🇨🇭 Lugano	33	719
🇨🇳 Guangzhou	34	718
🇨🇳 Qingdao	35	717
🇺🇸 San Diego	36	716
🇩🇪 Berlin	37	715
🇦🇪 Abu Dhabi	38	714
🇨🇳 Chengdu	39	713
🇯🇵 Osaka	40	712

Areas of Competitiveness

The quantitative factors used in the GFCI model are grouped into five areas of competitiveness:

Business environment: Transparency and stability of systems, regulatory complexity
Human capital: Access to skill professionals, investment in education
Infrastructure: Quality of physical and digital infrastructure
Financial sector development: Accessibility to clients, development of digital solutions
Reputation: Trustworthiness of legal and regulatory systems

Regional Insights

We’ve summarized the main highlights from each GFCI region below.

North America

North America has four centers in the top 10: New York, San Francisco, Chicago, and Los Angeles. The most improved within North America are Miami and Vancouver, which both climbed over 10 places in the ranking.

Western Europe

London is the region’s dominant center, with seven other cities featuring in the top 20. The average rating across Western Europe increased by 2.14%.

Asia Pacific

Asia Pacific has six centers in the top 20, with four belonging to China (Hong Kong SAR, Shanghai, Shenzhen, Beijing). Looking elsewhere, Hangzhou, New Delhi, Kuala Lumpur, Ho Chi Minh City, and Manila all rose six or more places.

Middle East & Africa

The region’s leading centers are Dubai and Abu Dhabi, with Dubai climbing four places to 12th in GFCI 37. Meanwhile, Tel Aviv, Kuwait City, and Johannesburg each fell more than 10 places.