Connector and Cable Assembly Supplier

Top 10: Mil/Aero Market by the Numbers

Which country leads the world in mil/aero expenditures? Which connector manufacturer is the military market’s leading supplier? Which OEM leads the market in sales? Bishop & Associates crunched the numbers to find out.

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In 2015, the top 10 countries for military expenditures represented 74% of the total worldwide outlay according to SIPRI (Stockholm International Peace Research Institute). The United States leads the list at $596 billion, outspending China (#2) by almost three times and South Korea (#10) by 16 times. Out of the top 10 countries, Saudi Arabia spends the largest percentage of GDP at 13.7%. The total world expends $1.7 trillion, representing 2.3% of the world GDP.

2015 Top 10 Countries
for Military Expenditures

2015 Military Sales by Country

The worldwide demand for connectors in the military/aerospace market was $3.1 billion in 2015, down 9% from 2014. Not surprisingly, North America consumed 46% of those connectors by dollar volume.

2015 Military/Aerospace Market for Connectors
Sales by Region of the World

2015 Military Sales by Region of the World

Out of the top 100 connector companies, the top 10 companies that supply connectors to the military/aerospace market provide 72% of the worldwide demand for that market (based on 2014 sales). Amphenol has the largest market share at 25% of the military/aerospace market, followed by TE at 14%.

Military/Aerospace Market for Connectors
Market Share for Top 10 Suppliers

2015 Top 10 Military Connector Manufacturers

The top 10 largest OEMs in the military/aerospace market supply $226 billion of hardware and services. The largest is Lockheed Martin at $46 billion. The company employs 116,000 people worldwide and receives approximately 10% of the Pentagon’s funds. Programs it manages include C-130 Hercules, C-5 Galaxy, F-16 Falcon, F-22 Raptor, F-35 Lightening, the Aegis combat system, and advanced ballistic missile defense systems.

2015 Military/Aerospace Market
Top 10 OEMs

2015 Top 10 OEM suppliers in military market

Bishop follows 13 public companies in the military/aerospace market on a quarterly basis. In 2015, sales for these companies declined 4.9% over their 2014 sales. Profitability decreased 4.3% year over year.

Of the 13 companies, EADS had the largest increase in sales in 2015 at 27%. Lockheed Martin was the largest company in 2015 at $46.1 billion.

2015 Military/Aerospace Market
14 OEMs’ Results

2015 Sales for companies in the military market

Military/aerospace connector sales decreased 9% in 2015. Combined sales of the 14 mil/aero OEMs that Bishop tracks declined 4.9% in 2015.

Sales information for these companies and others can be found in Bishop & Associates’ Top 100 Connector Manufacturers report. Profiles of more than 700 connector companies can be found on Bishop & Associates’ subscribers-only World’s Connector Companies website (www.worldsconnectorcompanies.com). For more information, contact bishop@bishopinc.com or call 630-443-2702.

No part of this article may be used without the permission of Bishop & Associates Inc.

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Dave Pheteplace

SVP and Managing Director Cable Assembly at Bishop & Associates Inc.
David Pheteplace joined Bishop & Associates Inc. in 2008, and was appointed vice president in September 2011. He is also the managing director of Bishop’s cable assembly division, which he established in 2008. Pheteplace has more than 30 years of experience in the interconnect industry, including managing divisions of Amphenol, Cinch, and Robinson Nugent.
Dave Pheteplace

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