Lift off: Global demand will benefit the industry but budgetary cuts will hinder growth

Over the five years to 2017, the Space Vehicle and Missile Manufacturing industry in Canada has had difficulty staying aloft. Prior to the five-year period, the industry benefited from growing domestic government funding and increased demand from foreign governments for industry products to be used for their own space programs. However, both Canadian and governments eventually reduced spending. Consequently, industry revenue is expected to decline over the five years to 2017. Over the five years to 2022, industry revenue is forecast to decline but at a slower pace due to increasing global demand...read more.

Industry Statistics & Market Size
Revenue
$821m
Annual Growth 12-17
-6.5%
Forecast Growth 17-22
Profit
Employment
2,734
Businesses
19

Industry Threats & Opportunities

  • Canada’s recent economic slowdown has tempered the market for industry products
  • High debt and deficit levels restricted government spending, hurting industry revenue
  • Budgetary issues will exacerbate uncertainty within the industry
  • Industry Report - Industry Investment Chapter

    The Space Vehicle and Missile Manufacturing industry in Canada has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages in 2017, the industry will allocate $0.08 to capital investment. Industry operations heavily rely on skilled labour. Industry production is typically high-value, low-volume in nature, with components often assembled by hand. According, to the Canadian Space Agency's the State of the Canadian Space Sector Report 2015 42.9% of the space sectors labour force consists of engineers, scientists and technicians, all of which have high levels of education and pay. At ...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

  • Ability to take advantage of government subsidies and other grants
  • Ability to expand and curtail operations rapidly in line with market demand
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Government expenditure and investment and Demand from satellite tv providers 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?

    This 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.

    Industry Products
  • Spacecraft and components
  • Ground equipment
  • Missiles and rockets
  • Research and development
  • Industry Activities
  • spacecraft and components
  • missiles and components
  • launch vehicles and components
  • space-related 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
  • Government expenditure and investment
  • Demand from satellite tv providers
  • Canadian-dollar effective exchange rate index
  • World price of aluminum

  • Current Performance
  • Orbiting losses
  • Profit and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Government demand uncertainty
  • Slow commercial demand growth
  • Industry trends
  • 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 in Canada
  • Public Administration in Canada
  • Satellite TV Providers in Canada

  • Key Selling Industries
  • Computer Manufacturing in Canada
  • Molybdenum & Metal Ore Mining in Canada
  • Navigational Instrument Manufacturing in Canada
  • Semiconductor & Other Electronic Component Manufacturing in Canada

  • Products & Services
  • Spacecraft and components
  • Research and development
  • Ground equipment
  • Missiles and rockets
  • Chart: Space Vehicle & Missile Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Domestic public market
  • Domestic private market
  • 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
  • Profit
  • Purchases
  • Wages and depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Space Vehicle & Missile Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Space Vehicle & Missile Manufacturing Industry

  • Industry Globalization
    Maxar Technologies Ltd., COM DEV International Ltd., Magellan Aerospace, SED Systems,
  • Table: Maxar Technologies Ltd. - financial performance
  • Table: COM DEV International Ltd. - financial performance
  • Table: Magellan Aerospace - financial performance
  • Table: SED Systems - 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
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Government expenditure and investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Original Equipment Manufacturers
  • OEMs assemble complete products, which they sell under their name.
  • Radarsat Constellation
  • This is a 2018 space launch mission by the Government of Canada that will consist of a three-spacecraft fleet of Earth observation satellites.
  • Satellite Bus
  • The bus is the infrastructure of a satellite, providing locations for the payload.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Space Vehicle & Missile Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry 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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