Space Vehicle & Missile Manufacturing in the US
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. However, an elevated level of missile exports compared with performance during the previous five-year period helped industry players offset weaker demand at home, resulting in overall growth in industry revenue over the five years to 2018. Over the five years to 2023, industry revenue is forecast to increase, as the overall defense budget is expected to rise, with funding for certain industry products likely to climb.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.