Overview

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

The Space Vehicle & Missile Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Despite declining funding for defense and scientific research, surging exports of missiles has benefited industry players
  • Rising tensions in the Middle East, Europe and Asia have increased demand for US missile systems
  • Climbing defense spending in emerging markets and continued geopolitical tensions will strengthen demand for missile exports

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    Industry Analysis & Industry Trends

    The Space Vehicle and Missile Manufacturing industry has been volatile in recent years due to its high correlation with government spending levels. Declining funding for defense and scientific research initially led to decreased industry revenue. However, surging exports of missiles helped industry players offset weaker demand at home. Additionally, NASA has implemented several programs designed to encourage increased commercial participation in space flight, increasing the industry's commercial space activity. Over the five years to 2022, the defense budget is expected to level out, with funding for certain industry products to climb. However, overall federal funding on industry products will remain constrained and may even further decline if sequestration continues...

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    Industry Report - Industry Locations Chapter

    Given that the Space Vehicle and Missile Manufacturing industry has so few establishments, estimated at only 126 in 2017, establishments at the state level fluctuate widely. For example, while 23 states are expected to be without an industry establishment in 2017, California is expected to contain 31.1% of the total. As a result, the West region dominates the industry in terms of establishments, holding an estimated 35.6% of the total in 2017. The Southeast and Southwest rank second and third, respectively, in terms of industry establishments, as they are estimated to hold 20.9% and 14.1% of the industry's establishments, respectively, in 2017. As ..

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    Additional Insights for the Space Vehicle & Missile Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Space Vehicle & Missile Manufacturing Industry are

  • Well-developed internal processes
  • Ability to take advantage of government subsidies and other grants
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Federal funding for defense and NATO defense spending in the Space Vehicle & Missile Manufacturing industry impact industry performance..

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    Industry Products

    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 systems
    Space systems
    Propulsion systems
    Other missile and space vehicle parts
    Industry Activities
    Manufacturing complete guided missiles
    Manufacturing complete space vehicles
    Researching and developing complete missiles
    Manufacturing missile and space vehicle propulsion units
    Manufacturing missile and space vehicle components and parts
    Researching and developing missile and space vehicle propulsion units
    Researching and developing missile and space vehicle components and parts
    Manufacturing and development of space ground equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for defense
  • NATO defense spending
  • Technological change for the Space Vehicle and Missile Manufacturing industry
  • Demand from satellite telecommunications providers
  • Trade-weighted index

  • Current Performance
  • Government funding
  • Trade gains significance
  • A more dynamic industry
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding stabilizes
  • Continued dynamism
  • Table: Space Vehicle & Missile Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Space Vehicle & Missile Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Space Vehicle & Missile Manufacturing
  • Public Administration

  • Key Selling Industries
  • Circuit Board & Electronic Component Manufacturing
  • Computer Manufacturing
  • Engine & Turbine Manufacturing
  • Molybdenum & Metal Ore Mining
  • Semiconductor & Circuit Manufacturing

  • Products & Services
  • Missile systems
  • Space systems
  • Propulsion systems
  • Other missile and space vehicle parts
  • Chart: Space Vehicle & Missile Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • US military
  • Domestic civilian market
  • Exports
  • Chart: Major Market Segmentation for the Space Vehicle & Missile Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Space Vehicle & Missile Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Space Vehicle & Missile Manufacturing Industry

  • Industry Globalization
    Major Companies
    Raytheon CompanyLockheed Martin CorporationThe Boeing CompanyOrbital ATK Inc.Aerojet Rocketdyne Holdings
  • Table: Raytheon Company - financial performance
  • Table: Lockheed Martin Corporation - financial performance
  • Table: The Boeing Company - financial performance
  • Table: Orbital ATK Inc. - financial performance
  • Table: Aerojet Rocketdyne Holdings - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Space Vehicle & Missile Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Space Vehicle & Missile Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Federal Funding for Defense (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Missile Defense Agency (Mda)
  • The section of the US government's Department of Defense responsible for developing a layered defense against ballistic missiles.
  • National Missile Defense System (Nmds)
  • A system envisioned by the 1999 National Missile Defense Act to protect the country from ballistic missile attack by hostile sources.
  • United Launch Alliance (Ula)
  • A joint venture between major players Lockheed Martin and Boeing intended to offer greater protection and security to the space launch industry.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Space Vehicle & Missile Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Space Vehicle & Missile Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Space Vehicle & Missile Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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