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Space Vehicle & Missile Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Space Vehicle & Missile Manufacturing Market Research Report | NAICS 33641b | May 2016

Final frontier: Government funding is on the decline, but space tourism is set to launch

IBISWorld’s Space Vehicle & Missile Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 11-16
1.6%
Annual Growth 16-21
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Profit
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Employment
72,199
Businesses
90
Industry Analysis & Industry Trends

The Space Vehicle and Missile Manufacturing industry had difficulty taking off over the past five years as government spending on industry programs came under pressure. After initially propping up industry revenue, declining federal funding for defense and scientific research caused by the winding down of military operations in the Middle East and high US budget deficits led to decreased industry revenue. However, surging exports of missiles helped industry players offset weaker demand at home. In the coming years, overall federal funding on industry products will remain constrained and may even further decline if sequestration continues. Conversely, industry revenue growth will be boosted by increasing exports due to higher demand for US missile systems... purchase to read more

Industry Report - Industry Investment Chapter

The Space Vehicle and Missile Manufacturing industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.06 to capital investment. For the most part, this 2016 value is in line with the degree of industry capital intensity in 2011. Industry operators require an extensive supply of skilled labor to continue operations; as a result, wage costs account for the second largest share of industry revenue, estimated at 32.1% of the total in 2016. Industry operators, such as Lockheed Martin, reference in their annual reports that demand for applicable skilled labor, especially technical and scientific workers such as engineers, exceeds the current supply... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Space Vehicle & Missile Manufacturing Industry?

The Space Vehicle and Missile Manufacturing industry consists of businesses involved in the manufacture of guided missiles and space vehicles, including the development of prototypes and the manufacture and development of parts, propulsion units and support equipment used in guided missiles and space vehicles. This industry does not produce satellites.

Industry Products
Missile systemsSpace systemsPropulsion systemsOther missile and space vehicle parts
 
Industry Activities
Manufacturing complete guided missilesManufacturing complete space vehiclesResearching and developing complete missilesManufacturing missile and space vehicle propulsion unitsManufacturing missile and space vehicle components and partsResearching and developing missile and space vehicle propulsion unitsResearching and developing missile and space vehicle components and partsManufacturing and development of space ground equipment


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