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Space Vehicle & Missile Manufacturing in the US - Industry Market Research Report

  • May 2017
  • 42 pages
  • Ibisworld
Report ID: 590597

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

Space Vehicle & Missile Manufacturing in the US

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.

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.

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