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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 | Mar 2015

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

IBISWorld’s Space Vehicle & Missile Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 10-15
-0.1%
Annual Growth 15-20
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Profit
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Employment
70,274
Businesses
91
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. On the other hand, industry revenue growth will be boosted by increasing exports due to higher demand for US missile systems... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Space Vehicle and Missile Manufacturing industry operates with a very high level of market share concentration, with the top four producers accounting for an estimated 73.8% of total industry revenue in 2015. However, when the top six are counted, market concentration climbs to 83.5%. The industry is composed of an estimated 91 companies that operate 124 establishments in 2015. 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 and Boeing account for most of the industry's revenue... 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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