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 - Starting a New Business Chapter
For each industry segment, the barriers to entry are formidable. High start-up costs come in the form of land acquisitions, facilities construction and technological investments; these costs make it extremely difficult for new companies to enter the industry. Entry is more feasible in the parts and components manufacturing segments; however, participants in these areas are largely subject to the requirements of major industry players who outsource these activities, and are not likely to work with new partners.
Industry operators require a highly skilled workforce that is capable of exploiting leading-edge technologies... purchase to read more