Airbus and Boeing dominate an already under competitive airline manufacturing industry. The duopoly owns the sky by making up 99% of global large aircraft orders and those large plane orders make up more than 90% of the total plane market according to the Teal Group, an aerospace market analysis company (regional jet manufacturers only account for 7% of the airplane market by value).
The duopoly doesn’t have many competitors, but overseas competition is brewing. China’s state-run company, COMAC, is poised to make waves in the aviation manufacturing industry, but some say not for a couple decades.
This is how Airbus and Boeing took over airplane manufacturing.
(Source: CNBC YouTube channel)
