TAI, Baykar among top 50 global aerospace companies in 2023

Türkiye’s national aerospace giants, Turkish Aerospace Industries (TAI) and Baykar, have secured positions among the top 50 largest aerospace companies worldwide based on 2023 sales revenue, according to a report by Counterpoint Market Intelligence for FlightGlobal.

The list, dominated by Boeing and Airbus, features TAI at 38th and Baykar at 49th place.

TAI achieves top 50 status with military and civil aviation platforms

TAI ranked 38th with $2.67 billion in sales revenue for 2023.

The company, known for platforms like ANKA, Hurjet, and the KAAN, has seen substantial growth through advanced R&D and high-tech solutions. TAI’s exports and structural product deliveries to civil aviation firms have strengthened its position on the global stage.

Baykar enters list with strong export-driven growth

Baykar made its debut at 49th place, generating $1.8 billion in sales. Known for its Bayraktar TB2 drone, Baykar has become the world’s largest exporter of armed unmanned aerial vehicles (UAVs).

The company’s success is built on robust export agreements, accounting for over 90% of its revenue. Baykar has signed deals with 35 countries for its Bayraktar TB2 and Akinci UAVs, further investing in new platforms like Bayraktar TB3 and Kizilelma.

Global leaders maintain top spots

Boeing led the rankings with $77.79 billion in sales, followed by Airbus at $70.83 billion. Other major players included RTX, Lockheed Martin, and Northrop Grumman, underscoring the dominance of the U.S. defense industry in the aerospace sector.