First Research US Industry Profile

Already a subscriber?  Login >>

View Sample
Guided Missile & Space Vehicle Manufacturing
SIC Codes: 3761
NAICS Codes: 336414
Last Quarterly Update: 4/18/2022
Companies in this industry manufacture guided missiles and related defense systems, along with space vehicles. Major companies include US-based Boeing, Lockheed Martin, Northrop Grumman, Raytheon Technologies, and Space Exploration Technologies, plus Airbus Group (the Netherlands), Almaz-Antey (Russia), BAE Systems (the UK), China National Precision Machinery, Leonardo (Italy), Mitsubishi Heavy Industries (Japan), and SAFRAN and Thales (both of France).
Global economic activity in the space industry, which includes space vehicles, is valued at about $450 billion in 2020, according to the Space Foundation. Top exporters for guided missile and space vehicle manufacturers include Saudi Arabia, United Arabian Emirates, Kuwait, Qatar, and South Korea.
The US guided missile and space vehicle manufacturing industry includes about 40 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $18 billion. Manufacture of space satellites is not included in this industry.
Competitive Landscape
Demand for guided missiles depends on government spending on defense. Demand for space vehicles is driven by the need to deliver commercial and noncommercial payloads into Earth orbit or beyond. Large companies enjoy economies of scale in design, manufacturing, and purchasing. Small companies can compete by providing niche products to prime contractors, and by forming joint ventures with larger contractors. The US industry is highly concentrated: the top four companies account for 90% of industry revenue.
Products, Operations & Technology
A missile is self-propelled by a rocket engine, guided or unguided vehicle carrying a weapons payload. Missiles are either strategic or conventional. Strategic ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

02/14/2022
01/03/2022
10/04/2021
06/21/2021
03/22/2021
12/07/2020
09/28/2020
06/15/2020
02/17/2020
03/25/2019
12/17/2018
09/17/2018
06/18/2018
03/19/2018
12/18/2017
09/18/2017
06/19/2017
03/20/2017
12/12/2016
09/12/2016
06/13/2016
03/14/2016
12/07/2015
09/07/2015
06/08/2015
03/02/2015
12/01/2014
09/08/2014
06/16/2014
03/24/2014