boeing-competitors

Boeing Competitors

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Boeing is best known for designing and manufacturing commercial aircraft, but the company also produces helicopters, rockets, satellites, spacecraft, missiles, and telecommunications infrastructure. Founded in 1916 by William Boeing in Seattle, Washington, the company is one of the largest aerospace manufacturers and defense contractors in the world.

 

CompetitorDescriptionKey InsightsCompetitive OverlapDifferentiation
AirbusA European multinational aerospace corporation that designs, manufactures, and sells commercial aircraft, helicopters, and space-related equipment. Airbus competes with Boeing in the commercial aircraft market.Airbus produces a wide range of commercial aircraft, including single-aisle and wide-body jets, for various market segments.Both compete in the commercial aircraft market, offering a diverse portfolio of passenger and cargo aircraft to airlines and operators.Airbus’ European origin and its focus on technological advancements in aircraft design.
Lockheed MartinAn American global aerospace, defense, arms, security, and advanced technologies company known for its military aircraft and space systems. Lockheed Martin competes with Boeing in the defense and space technology market.Lockheed Martin designs and manufactures military aircraft, including fighter jets and advanced systems for space exploration and defense applications.Both compete in the defense and space technology market, providing advanced aerospace and defense solutions to government and military customers.Lockheed Martin’s specialization in military aircraft and space technology.
Northrop GrummanAn American global aerospace and defense technology company known for its military aircraft, unmanned systems, and advanced defense technologies. Northrop Grumman competes with Boeing in the defense and aerospace technology market.Northrop Grumman develops and manufactures military aircraft, unmanned systems, and advanced technology solutions for defense and security applications.Both compete in the defense and aerospace technology market, focusing on military aircraft, unmanned systems, and defense technologies.Northrop Grumman’s expertise in unmanned systems and advanced defense technology.
BombardierA Canadian multinational aerospace and transportation company that produces regional jets, business aircraft, and rail transportation equipment. Bombardier competes with Boeing in the regional and business aircraft market.Bombardier manufactures regional aircraft and business jets, offering a range of options for commercial and private aviation customers.Both compete in the regional and business aircraft market, providing aircraft solutions for commercial and private aviation.Bombardier’s specialization in regional jets and business aviation.
EmbraerA Brazilian aerospace company that produces regional jets, military aircraft, and executive jets. Embraer competes with Boeing in the regional and executive aircraft market.Embraer manufactures regional aircraft, military planes, and executive jets, with a focus on regional and executive aviation markets.Both compete in the regional and executive aircraft market, offering solutions for regional airlines, defense, and executive travel.Embraer’s strong presence in the regional jet and executive aviation sectors.
SpaceXAn American aerospace manufacturer and space transportation company known for its innovative rocket technology and space exploration missions. SpaceX competes with Boeing in the commercial space exploration market.SpaceX designs and launches rockets, spacecraft, and satellite systems for commercial and government customers, with a focus on space exploration and transportation.Both compete in the commercial space exploration market, providing launch and transportation services for satellites, cargo, and crew to space destinations.SpaceX’s pioneering rocket technology and ambitious space missions.
Blue OriginAn American privately-funded aerospace manufacturer and sub-orbital spaceflight services company founded by Jeff Bezos. Blue Origin competes with Boeing in the emerging commercial space industry.Blue Origin focuses on developing reusable rocket technology and sub-orbital space tourism experiences, aiming to enable access to space for a wide range of customers.Both compete in the emerging commercial space industry, with a focus on space tourism and reusable launch systems.Blue Origin’s commitment to reusable launch technology and space tourism.
United Launch Alliance (ULA)A joint venture between Boeing and Lockheed Martin that provides reliable and cost-effective space launch services for government and commercial customers. ULA competes with other launch service providers in the commercial space launch market.ULA offers reliable and proven launch services using Atlas and Delta rockets for various missions, including satellite deployment and cargo resupply to the International Space Station (ISS).ULA competes with other commercial launch service providers in the space launch market, providing reliable and cost-effective launch solutions.ULA’s partnership between Boeing and Lockheed Martin and its focus on government and commercial launch services.
Spirit AeroSystemsAn American aerospace manufacturing company that produces aerostructures, including fuselages, wings, and nacelles, for commercial and defense aircraft. Spirit AeroSystems competes with Boeing in the aerospace manufacturing and aerostructures market.Spirit AeroSystems manufactures aerostructures and components for various commercial and defense aircraft, partnering with major aerospace companies.Both compete in the aerospace manufacturing and aerostructures market, with Spirit AeroSystems specializing in manufacturing key components for Boeing and other aerospace companies.Spirit AeroSystems’ expertise in aerostructures manufacturing.
Honeywell AerospaceAn American multinational conglomerate known for its aerospace, building technologies, and performance materials and technologies divisions. Honeywell Aerospace competes with Boeing in the aerospace technology and components market.Honeywell Aerospace produces a wide range of aerospace technologies, including avionics, navigation systems, and aircraft components, serving commercial and defense markets.Both compete in the aerospace technology and components market, providing advanced technologies and components for aerospace applications.Honeywell Aerospace’s diverse portfolio of aerospace technologies and systems.

Airbus

Airbus and Boeing have a rivalry stretching back decades, with both dominating the commercial aviation industry at various times. 

Airbus is a French manufacturer of commercial aircraft and is one of the largest patent holders in the world with over 370 registered trademarks. Like Boeing, Airbus also designs and manufactures military aerospace products but with a particular focus on turbine helicopters.

In 2019, Airbus delivered 863 jets to clients, overtaking Boeing to become the world’s largest aircraft manufacturer for the first time since 2011.

Embraer

Embraer is a Brazilian aerospace conglomerate producing aircraft for commercial, military, agricultural, and executive purposes. Founded in 1959 by Ozires Silva, the company is the third-largest producer of civilian aircraft behind Boeing and Airbus.

In 2018, Boeing announced a joint venture with Embraer which would result in the company owning 80% of the Embraer commercial aviation division. However, this venture was terminated two years later as Boeing dealt with the financial fallout of the COVID-19 pandemic and the 737 Max problems.

Northrup Grumman

Northrup Grumman is an American weapons manufacturer and military technology provider. Revenue for the 2020 financial year was $33.841 billion, with 75% of that coming from defense contracts.

With a history of developing technically superior military aircraft, Boeing faces stiff competition from the company. It successfully developed the B-2 Spirit, the world’s only know stealth bomber. Northrup Grumman is also in the process of developing rocket boosters for NASA and an orbiting telescope observatory.

Lockheed Martin

Lockheed Martin is an American aerospace, defense, security, and advanced technology company. 

The company is the world’s largest defense contractor, with a significant proportion of revenue coming from U.S. government contracts. These contracts involve combat and transport aircraft, missile defense systems, fire control systems, energy management solutions, and manned and unmanned ground vehicles.

The company is also a contractor for NASA, where it develops reusable command modules and space surveillance systems.

SpaceX

how-does-spacex-make-money
– SpaceX is a space transportation service and manufacturer of space rockets and other transport vehicles. It was founded by Elon Musk in 2002. – SpaceX makes money by charging both governmental and commercial customers to send goods into space. These goods include ISS supplies and infrastructure, but also people and satellites for various purposes. – SpaceX is also in the process of creating its Starlink network, designed to give every citizen access to fast and affordable internet.

SpaceX was founded by billionaire entrepreneur Elon Musk in 2002. The company designs and manufacturers space rockets, launch vehicles, engines, spacecraft, and communications satellites.

who-is-elon-musk
Elon Musk, seen as one of the most visionary tech entrepreneurs from the Silicon Valley scene, started his “career” as an entrepreneur at an early age. After selling his first startup, Zip2, in 1999, he made $22 million, which he used to found X.com, which would later become PayPal, and sell for over a billion to eBay (Musk made $180 million from the deal). He founded other companies like Tesla (he didn’t start it but became a major investor in the early years) and SpaceX. Tesla started as an electric sports car niche player, eventually turned into a mass manufacturing electric car maker.

With a focus on space exploration and design, SpaceX is in direct competition with Boeing’s Defense, Space, and Security division. Both companies have been actively competing against each other for NASA contracts for over a decade. 

While Boeing has enjoyed a long working history with NASA, SpaceX has recently developed an edge because of its culture, speed, and flexibility to offer a better price. As more credence is given to space exploration in the future, Boeing will need to adopt similar characteristics to remain a major player.

Key takeaways

  • Boeing was founded in 1916 by William Boeing. In addition to designing and manufacturing commercial aircraft, Boeing also sells rockets, satellites, military aircraft, and telecommunications infrastructure.
  • Boeing’s main competitor is arguably Airbus, which recently took the mantle as the world’s largest manufacturer of commercial aircraft. Embraer is also a major player that Boeing tried to acquire before becoming plagued by financial difficulties.
  • Northrup Grumman and Lockheed Martin are the major Boeing competitors in terms of military aircraft and equipment. In Space exploration, SpaceX is threatening to disrupt Boeing’s long-term relationship with NASA.

Key Competitors of Boeing:

  • Airbus:
    • French manufacturer of commercial aircraft and military aerospace products.
    • Competes with Boeing in the commercial aviation industry.
    • Became the world’s largest aircraft manufacturer in 2019, surpassing Boeing in deliveries.
  • Embraer:
    • Brazilian aerospace conglomerate producing aircraft for various purposes.
    • Third-largest producer of civilian aircraft behind Boeing and Airbus.
    • Joint venture with Boeing’s commercial aviation division was terminated in 2020.
  • Northrop Grumman:
    • American weapons manufacturer and military technology provider.
    • Known for developing advanced military aircraft and systems.
    • Generates significant revenue from defense contracts and space-related projects.
  • Lockheed Martin:
    • American aerospace, defense, security, and advanced technology company.
    • Largest defense contractor globally, involved in various defense and space projects.
    • Develops combat aircraft, missile defense systems, space technology, and more.
  • SpaceX:
    • Founded by Elon Musk in 2002, focused on space transportation and exploration.
    • Designs and manufactures rockets, launch vehicles, spacecraft, and more.
    • Competes with Boeing in securing NASA contracts and space exploration projects.

Read Also: How Does SpaceX Make Money, Microsoft Subsidiaries, Google Subsidiaries, Amazon Subsidiaries, Warren Buffett Companies, Bill Gates Companies, Jeff Bezos Companies, Proptech Companies, Fintech Companies.

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Competitors Case Studies

Zoominfo Competitors

zoominfo-competitors
Zoominfo is an American software-as-a-service (SaaS) company founded by Henry Schuck and Kirk Brown in 2007. The company sells access to the most comprehensive B2B database in the world to help sales and marketing teams better communicate with prospects. Zoominfo held an IPO in June 2020 raising $935 million. Like similar software companies that are valuable to remote teams, demand for the Zoominfo platform increased because of the coronavirus pandemic. It is now used by over 20,000 businesses, with clients including T-Mobile, Zoom, Amazon, and Google.

Spotify Competitors

spotify-competitors
Spotify is the world’s largest music streaming platform with over 381 million users across 184 markets around the world. The company was founded by Martin Lorentzon and Daniel Ek in 2008 in response to the shutdown of peer-to-peer music service Napster. Spotify became a success because it was the first company to determine how to distribute music legally and compensate the music industry at the same time. The platform now offers various curated music discovery services, music stations, audio customization, and private listening. In recent times, it has also ventured into the streaming of audiobooks, podcasts, comedy, poetry, and short stories.

Poshmark Competitors

poshmark-competitors
Poshmark is a social commerce marketplace where users can buy and sell new or used clothing. The company was founded in 2011 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya. Poshmark is one of many companies looking to profit from the explosive growth in the second-hand clothing and resale industry, which is expected to be worth around $51 billion by 2023. Scores of women, in particular, are opting to sell their unwanted fashion items online instead of donating them to charity or thrift stores.

Afterpay Competitors

afterpay-competitors
Afterpay is an Australian fintech company operating in Australia, Canada, the United Kingdom, New Zealand, and the United States.  Founded in 2014 by Nick Molnar and Anthony Eisen, the company enjoyed a first-mover advantage in the buy-now-pay-later (BNPL) space. Less than seven years later, the company reached 13.1 million active customers with gross sales amounting to $10.1 billion. Despite its success, some suggest the company has lost its edge in the buy-now-pay-later space with the emergence of several high-profile competitors exerting their influence and giving merchants more choice.

Carvana Competitors

carvana-competitors
Carvana is an online used car retailer with vending machines located around the United States. The company was founded in 2012 by Ryan Keeton, Ben Huston, and Ernest Garcia III. The company is the fastest growing online used car retailer in North America and was recently one of the youngest companies to be added to the Fortune 500 list. While Carvana is currently the only American company selling cars in vending machines, its growth and success have not gone unnoticed by other players. In this article, we’ll take a look at some of the company’s major competitors.

Carvana Competitors

carvana-competitors
Carvana is an online used car retailer with vending machines located around the United States. The company was founded in 2012 by Ryan Keeton, Ben Huston, and Ernest Garcia III. The company is the fastest growing online used car retailer in North America and was recently one of the youngest companies to be added to the Fortune 500 list. While Carvana is currently the only American company selling cars in vending machines, its growth and success have not gone unnoticed by other players. In this article, we’ll take a look at some of the company’s major competitors.

GoodRx Competitors

goodrx-competitors
GoodRx is an American healthcare company known for its telemedicine platform and a website and mobile app that track prescription drug prices. As part of this service, the company makes drug coupons available for free to consumers. GoodRx was created by Trevor Bezdek, Doug Hirsch, and Scott Marlette. Hirsch, an early employee at both Yahoo and Facebook, got the idea for the company after picking up a prescription with private health insurance and still having to pay $450. Given the high variability in prices between different pharmacies, Hirsh went on a mission to make prescription drug prices more transparent and affordable for ordinary Americans. Revenue in the second quarter of 2021 amounted to $177 million with over 7.5 million app customers using the GoodRx app. While the company was the first to provide a comprehensive list of pharmacy drug prices, new players have entered the market. The rest of this article will be devoted to looking at the main GoodRx competitors.

DoorDash Competitors

DoorDash Competitors
DoorDash is an online food ordering and delivery platform founded by Tony Xu, Stanley Tang, Andy Fang, and Evan Moore in 2013. Together with its subsidiaries, DoorDash has a 56% market share in food delivery and a further 60% in the convenience delivery sector.

Pepsi Competitors

pepsi-competitors
In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies.  Today, PepsiCo claims to operate in more than 200 countries and territories around the world with seven distinct divisions and many successful brands.

Coca-Cola Competitors

coca-cola-competitors
The Coca-Cola Company has 21 different billion-dollar brands or brands that generate more than $1 billion or more in revenue each year.  The company also sells its products in nearly every country in the world, with Cuba and North Korea the only two countries where it is not sold officially. What’s more, the Coca-Cola brand is worth $87.6 billion, making it one of the most valuable among all companies. Though these figures allow Coca-Cola to enjoy market dominance in many countries, the company is nevertheless subject to intense competition.

Disney Competitors

disney-competitors
Headquartered in Burbank, California, Disney has global reach and influence with its universally popular resorts, movies, streaming services, video games, and merchandise.  But as one of the largest media conglomerates in the world with a diverse range of products in multiple marketplaces, Disney is no stranger to competition. 

IBM Competitors

ibm-competitors
International Business Machines Corporation (IBM) is an American multinational technology company. It was founded in New York as the Computing-Tabulating-Recording Company in 1911 by Charles Ranlett Flint. IBM is a diverse company with a similarly diverse portfolio of products and services. It produces and sells hardware, middleware, and software. It also offers hosting and consultancy services in nanotechnology and mainframe computers. What’s more, IBM has a strong culture in research and development, filing the most U.S. patents of any business for the past 28 years.

Uber Competitors

uber-competitors

Starbucks Competitors

starbucks-competitors
Starbucks is a multinational coffee chain headquartered in Seattle, Washington. It was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker in 1971. From a single and very humble bean roasting store in Pike Place Market, the company is now a global giant operating almost 33,000 stores around the world. This large global footprint obviously increases the competition for Starbucks in many different markets. The coffee industry itself is also highly competitive, with established players including McDonald’s and Dunkin’ Donuts.

Boeing Competitors

boeing-competitors
Boeing is best known for designing and manufacturing commercial aircraft, but the company also produces helicopters, rockets, satellites, spacecraft, missiles, and telecommunications infrastructure. Founded in 1916 by William Boeing in Seattle, Washington, the company is one of the largest aerospace manufacturers and defense contractors in the world.

Google Competitors

google-competitors
While Google (now Alphabet) has been born as a search engine, it is now a diversified company, even though its core business remains search, as most of its revenues still come from Google, the search engine, and YouTube, the “video engine.” However, as a tech giant, which business is primarily based on advertising, the company does compete with Facebook, Twitter, Microsoft (with Bing), and Amazon (with e-commerce search and its advertising machine).

Peloton Competitors

peloton-competitors
Peloton is a media and exercise equipment company primarily making money making money via its fitness products. The idea for the company came from John Foley, who argued that technology could help time-poor individuals get a full workout at home. The company competes with other players like Bowflex, NordicTrack, Life Fitness, MYX Fitness.

IKEA Competitors

ikea-competitors
IKEA was founded in 1943 by Swedish businessman Ingvar Kamprad as a mail-order catalog business. The company is best known for selling affordable flat-pack furniture, but it also sells home accessories and kitchen appliances. Today, IKEA offers approximately 9,500 products across 445 stores in 52 countries. With such broad reach, IKEA is not immune to competition.

Airbnb Competitors

airbnb-competitors
The Airbnb story began in 2008 when two friends shared their accommodation with three travelers looking for a place to stay. Just over a decade later, it is estimated that the company now accounts for over 20% of the vacation rental industry. As a travel platform, Airbnb competes with other brands like Booking.com, VRBO, FlipKey, and given its massive amount of traffic from Google. Also, platforms like Google Travel can be considered potential competitors able to cannibalize part of Airbnb’s market.

Salesforce Competitors

salesforce-competitors
Salesforce is a cloud-based customer relationship management (CRM) provider, allowing businesses to build meaningful and sustained relationships with their customers. With robust, customizable software that integrates with social media, Gmail, and Microsoft Outlook, the Salesforce CRM platform is rated highly among businesses of all shapes and sizes. Recent data has shown that the company has captured 19.5% of the global CRM market.

Shopify Competitors

shopify-competitors
In just fifteen short years, Shopify has grown from humble beginnings to become one of the fastest-growing eCommerce platforms online. The Shopify eCommerce solution is perhaps best suited to users who desire an easy, flexible and affordable starter solution for their online store. The provider now has upwards of 820,000 stores accounting for 20% of the total market share. However, the continued success of any company in the dynamic digital market is never guaranteed.

Netflix Competitors

netflix-competitors
Netflix is the largest streaming video subscription service in the world. Created by Reed Hastings and Marc Randolph in 1997, the company has revolutionized the video content subscription model with over 139 million subscribers in 190 countries. The success of Netflix is due to two factors. The first is a recommendation system that gives suggestions on what customers should watch based on their viewing history. The second is the vast catalog of content on offer – produced by third parties and by Netflix itself. These factors have resulted in Netflix competing against influential TV networks and film producers for viewership.

Nike Competitors

nike-competitors

YouTube Competitors

youtube-competitors
YouTube is the most popular online video platform, a hybrid between a video search engine and a social media platform with a continuous feed prompted by social interactions and engagement. In fact, the platform is so popular that YouTube.com is the second most visited website on the internet. After being acquired by Google in 2006 for $1.65 billion, the platform now boasts over 2 billion registered users. Collectively, these users upload 500 hours of video every minute. The platform competes with other video engines like Vimeo, Dailymotion, and social platforms like IGTV, TikTok, and Twitch.

Zoom Competitors

zoom-competitors
Zoom is a video platform, which enabled remote working. As such it competes with other large tech players like Google and Microsoft for the productivity space, and other startups like Slack and Go-To-Meetings.

Tesla Competitors

tesla-competitors
As an electric automaker and builder of sports cars and now trucks, Tesla’s competitors comprise companies like Ford, Mercedes-Benz, Porsche, Lamborghini, Audi, Rivian Lucid Motors, Toyota, and more. At the same time, Tesla is an electric energy production and storage company (SolarCity); it competes with Sunrun, SunPower, and Vivint Solar. And as an autonomous driving company, it competes with companies like Zoox, Waymo, and Baidu with the self-driving software.

Amazon Competitors

amazon-competitors
Amazon is a consumer e-commerce platform with a diversified business model spanning across e-commerce, cloud, advertising, streaming, and more. Over the years, Amazon acquired several companies. As it operates across several industries, Amazon has a wide range of competitors across each of those industries. For instance, Amazon E-commerce competes with Shopify, Wix, Google, Etsy, eBay, BigCommerce.

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