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 SWOT Analysis Chapter
The Space Vehicle and Missile Manufacturing industry is in the mature stage of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 1.4% during the 10 years to 2020. US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the mature phase of its life cycle when growth in IVA trends with GDP growth over a 10-year period.
There are several new variations to current products being developed, and the industry has been characterized by an extensive amount of technological change... purchase to read more