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2024 U.S. Industry Statistics & Market Forecast - Guided Missile and Space Vehicle Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Guided Missile and Space Vehicle Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Guided Missile & Space Vehicle Manufacturing industry is at a critical juncture with various key trends taking center stage. The industry is heavily impacted by government policies and regulations, technological advancements, and global events.One of the main trends affecting the industry is the race to space. With several private companies such as SpaceX and Blue Origin striving to achieve commercial space travel, the industry has seen increased demand for space vehicles, satellite launch services, and associated ground equipment.
Another trend is the increasing adoption of advanced technologies such as 3D printing, artificial intelligence, and robotics. These technologies make it possible to create complex parts of spacecraft and reduce production costs.
The industry is also witnessing the growing demand for broadband from remote areas. As a result, satellite internet providers are aiming to increase the number of satellites in orbit over the next decade to provide internet services in remote areas.
Furthermore, the industry is also under pressure to reduce the environmental impact of its operations. Companies are now actively looking for ways to reduce the carbon footprint of their space vehicles and are developing new technologies to that end.
Finally, geopolitical events and issues are affecting the industry, particularly with increasing tensions between the U.S. and China. The industry is also affected by export control regulations, which impact the international sale and export of certain space-related technologies.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Guided Missile and Space Vehicle Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Guided Missile and Space Vehicle Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Guided Missile and Space Vehicle Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 8% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Business and Financial Operations Occupations | 12% | |||
| Business Operations Specialists | 10% | |||
| Computer and Mathematical Occupations | 9% | |||
| Computer Occupations | 9% | |||
| Software and Web Developers, Programmers, and Testers | 5% | |||
| Architecture and Engineering Occupations | 20% | |||
| Engineers | 17% | |||
| Industrial Engineers, Including Health and Safety | 5% | |||
| Office and Administrative Support Occupations | 5% | |||
| Installation, Maintenance, and Repair Occupations | 8% | |||
| Production Occupations | 33% | |||
| Assemblers and Fabricators | 11% | |||
| Aircraft Structure, Surfaces, Rigging, and Systems Assemblers | 6% | |||
| Aircraft Structure, Surfaces, Rigging, and Systems Assemblers | 6% | |||
| Metal Workers and Plastic Workers | 9% | |||
| Other Production Occupations | 10% | |||
Guided Missile and Space Vehicle Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Guided Missile and Space Vehicle Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Guided Missile and Space Vehicle Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Guided Missile and Space Vehicle Manufacturing industry. |
Source:
Innovation News
- Dec 26, 2023: Albedo Space trademarks "A" - Computer-aided transmission of digital images and data; collecting and transmitting digital images and data obtained via satellites and other space vehicles; wireless electronic transmission of digital images and data
- Dec 26, 2023: Albedo Space trademarks "ALBEDO" - Computer-aided transmission of digital images and data; collecting and transmitting digital images and data obtained via satellites and other space vehicles; wireless electronic transmission of digital images and data
- Nov 23, 2023: Orbit Fab patents Systems And Methods For Creating And Automating An Enclosed Volume With A Flexible Fuel Tank And Propellant Metering For Machine Operations
- Nov 02, 2023: Turion Space raises $12 million in funding.
- Nov 01, 2023: Albedo Space raises $40 million in funding.
- Jul 07, 2023: Vast Space trademarks "LIVE IN SPACE" - Research, development and testing of technology in the field of commercial space products; Research and development services in connection with commercial space solutions
- Mar 30, 2023: Orbit Fab patents Production Of High-test Peroxide For Space Missions, And Associated Systems And Methods
- Mar 16, 2023: Valt Enterprizes raises $6 million in funding.
- Jan 19, 2023: Orbit Fab patents Material Transfer Interfaces For Space Vehicles, And Associated Systems And Methods
Recent Federal Contracts for Guided Missile and Space Vehicle Manufacturing- Mar 29, 2024: SOUTHWEST RESEARCH INSTITUTE (San Antonio, TX) awarded $20,163,189
- Mar 29, 2024: BALL AEROSPACE & TECHNOLOGIES CORP. (Boulder, CO) awarded $297,714,671
- Mar 29, 2024: BOEING COMPANY, THE (Houston, TX) awarded $363,607,889
- Mar 27, 2024: THE BOEING COMPANY (Huntsville, AL) awarded $9,890,442,818
- Mar 27, 2024: BOEING COMPANY (Houston, TX) awarded $21,637,533,973
- Mar 20, 2024: NORTHROP GRUMMAN SYSTEMS CORPORATION (Dulles, VA) awarded $555,142,846
- Mar 29, 2024: SOUTHWEST RESEARCH INSTITUTE (San Antonio, TX) awarded $20,163,189
- Mar 29, 2024: BALL AEROSPACE & TECHNOLOGIES CORP. (Boulder, CO) awarded $297,714,671
- Mar 29, 2024: BOEING COMPANY, THE (Houston, TX) awarded $363,607,889
- Mar 27, 2024: THE BOEING COMPANY (Huntsville, AL) awarded $9,890,442,818
- Mar 27, 2024: BOEING COMPANY (Houston, TX) awarded $21,637,533,973
- Mar 20, 2024: NORTHROP GRUMMAN SYSTEMS CORPORATION (Dulles, VA) awarded $555,142,846
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