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Heico's Comment on Competitors and Industry Peers
The aerospace product and service industry is characterized by intense competition.
Some of our competitors have substantially greater name recognition, inventories,
complementary product and service offerings, financial, marketing and other resources
than we do. As a result, such competitors may be able to respond more quickly
to customer requirements than we can. Moreover, smaller competitors may be in
a position to offer more attractive pricing as a result of lower labor costs and
other factors.
Our jet engine and aircraft component replacement parts business competes primarily
with aircraft engine and aircraft component manufacturers. The competition is
principally based on price and service to the extent that our parts are interchangeable.
With respect to other aerospace products and services sold by the Flight Support
Group, we compete with both the leading jet engine and aircraft component OEMs
and a large number of machining, fabrication, distribution and repair companies,
some of which have greater financial and other resources than we do. Competition
is based mainly on price, product performance, service and technical capability.
Competition for the repair and overhaul of jet engine and aircraft components
comes from three principal sources: OEMs, major commercial airlines and other
independent service companies. Some of these competitors have greater financial
and other resources than we do. Some major commercial airlines own and operate
their own service centers and sell repair and overhaul services to other aircraft
operators. Foreign airlines that provide repair and overhaul services typically
provide these services for their own aircraft components and for third parties.
OEMs also maintain service centers that provide repair and overhaul services
for the components they manufacture. Other independent service organizations
also compete for the repair and overhaul business of other users of aircraft
components. We believe that the principal competitive factors in the repair
and overhaul market are quality, turnaround time, overall customer service and
price.
Our Electronic Technologies Group competes with several large and small domestic
and foreign competitors, some of which have greater financial and other resources
than we do. The markets for our electronic products are niche markets with several
competitors where competition is based mainly on design, technology, quality,
price, service and customer satisfaction.
Total Segment Market Share Q2 2020 |
despite revenue deterioration, Heico inceased its market share in this segment.
company inceased its market share in this segment to approximate 11.5 %.
<< More on HEI Market Share.
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*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.
HEI's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Heico Corporation |
1,893 |
16,760 |
357 |
3,500 |
| Barnes Group Inc |
1,309 |
2,613 |
117 |
5,036 |
| Ball Corp |
11,398 |
28,385 |
485 |
15,000 |
| Cyalume Technologies Holdings, Inc. |
43 |
24 |
2 |
462 |
| General Dynamics Corporation |
38,217 |
43,923 |
3,185 |
99,500 |
| General Electric Co |
82,151 |
96,730 |
3,628 |
305,000 |
| Honeywell International Inc |
33,233 |
141,243 |
5,076 |
131,000 |
| Orbital Atk, Inc. |
4,991 |
7,801 |
345 |
12,300 |
| Oshkosh Corporation |
6,857 |
6,321 |
325 |
13,300 |
| Parker hannifin Corporation |
13,592 |
32,521 |
1,189 |
54,750 |
| Proto Labs Inc |
451 |
5,994 |
59 |
1,700 |
| Raytheon Technologies Corporation |
66,569 |
104,358 |
-2,232 |
0 |
| Sigma Labs Inc |
1 |
19 |
-5 |
4 |
| Sifco Industries Inc |
114 |
60 |
9 |
465 |
| Transdigm Group Incorporated |
5,306 |
31,184 |
966 |
8,200 |
| Textron Inc |
12,806 |
10,555 |
278 |
34,000 |
| SUBTOTAL |
278,930 |
528,492 |
13,783 |
684,217 |
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