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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Analysis Chapter

The Space Vehicle and Missile Manufacturing industry had difficulty staying in orbit over the past five years. Industry players manufacture and develop missiles (including air-defense, ballistic, air-to-air and ground missiles) space launch vehicles, relevant propulsion systems, rockets, spacecraft and associated parts and components. As government funding for defense and space programs contracted, demand for industry products fell. This caused industry revenue to initially contract. On the other hand, industry programs were less impacted by defense cuts than other platforms, while increasing exports helped offset weaker domestic demand. Moreover, the industry's space sector has become more dynamic as new entrants shake up the status quo... 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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