Industry Analysis & Industry Trends
The Space Vehicle and Missile Manufacturing industry fizzled out over the past five years, as funding for industry programs declined. However, despite less government spending, the industry's commercial space activity has increased, resulting in a rise in the number of industry operators. In the five years to 2019, industry revenue is forecasted to increase, due to climbing demand for communications satellites, exports, new missile and space development programs. In addition, the hardly established space tourism sector is anticipated to play a larger role during the next five years. Nonetheless, decreased federal funding is will continue to threaten industry growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Space Vehicle and Missile Manufacturing industry is in the mature stage of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.4% during the 10 years to 2019. Similarly, US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the mature phase of its life cycle when growth in IVA trends with GDP growth over a 10-year period.
There are several new variations to current products being developed, and the industry has been characterized by an extensive amount of technological change... purchase to read more