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 Key Buyers Chapter
The Space Vehicle and Missile Manufacturing industry operates with a high level of market share concentration, with the top four producers accounting for an estimated 84.6% of total industry revenue in 2014. The industry is composed of an estimated 84 companies that operate 119 establishments in 2014. Larger players that primarily manufacture complete space vehicles and missiles, rather than propulsion units or components, dominate the market due to the very expensive nature of their products. As a result, companies such as Lockheed Martin, Raytheon, Northrop Grumman and Boeing account for most of the industry's revenue.
High barriers to entry play a key role in determining the industry's concentration level... purchase to read more