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

The Space Vehicle and Missile Manufacturing industry has been volatile in recent years. Industry players develop and manufacture missiles, rockets, spacecraft and related equipment and components. Since the US government, particularly the Department of Defense (DoD), accounts for the majority of spending on missile and space products and programs, industry performance is highly correlated with government spending levels. Consequently, when Congress attempted to rein in spending via methods such as sequestration and reduced DoD spending, funding for industry products dropped...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Recent US operations in Iraq and Syria and rising global tensions have rekindled domestic demand for missiles
  • International trade has also become more important over the past five years
  • Industry competition will also intensify as new players continue to enter the market
  • Industry Report - Industry Locations Chapter

    Given that the Space Vehicle and Missile Manufacturing industry has so few establishments, estimated at only 114 in 2018, establishments at the state level fluctuate widely. For example, while 23 states are expected to be without an industry establishment in 2018, 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 2018. 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 2018. As ...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 grows
  • 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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchases, wages and depreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Space Vehicle & Missile Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Space Vehicle & Missile Manufacturing Industry

  • Industry Globalization
    Raytheon Company, Lockheed Martin Corporation, The Boeing Company, Aerojet Rocketdyne Holdings Inc., Orbital ATK Inc.,
  • Table: Raytheon Company - financial performance
  • Table: Lockheed Martin Corporation - financial performance
  • Table: The Boeing Company - financial performance
  • Table: Aerojet Rocketdyne Holdings Inc. - financial performance
  • Table: Orbital ATK Inc. - financial performance

  • 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
    Table: Industry Data for the Space Vehicle & Missile Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Federal Funding for Defense (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Space Vehicle & Missile Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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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