Lift off: Revenue will decline during the period as government funding contracts

Operators in the Space Vehicle and Missile Manufacturing industry in Canada manufacture spacecraft (i.e. satellites), ground control stations, rockets, missiles and relevant parts for the international civil, defence and commercial markets. In particular, operators are leaders in the development and production of satellite components. Over the five years to 2019, the industry has had difficulty staying aloft. The Canadian government, along with many foreign governments, eventually began to reduce spending on industry products as they dealt with high levels of debt and deficit. Consequently, industry revenue is expected to decline over the five years to 2019. Over the next five years, industry revenue is forecast to decline as government funding more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • The appreciation of the Canadian dollar and Europe’s increasing investment in the space sector will diminish export growth
  • Industry imports are expected to decline
  • The global telecoms sector is anticipated to continue expanding
  • Industry Report - Industry Key Buyers Chapter

    The Space Vehicle and Missile Manufacturing industry in Canada has a low to medium level of market share concentration, with the industry's top four largest players expected to account for 36.8% of revenue in 2019. There are only a few dozen enterprises operating in this industry, most of which focus on components and subsystem manufacturing. The industry has high barriers to entry, such as the need to invest into advanced machinery, skilled labour and expertise. As a result, it is difficult for new players to emerge, which let existing operators to dominate. To maintain market share and compete globally, many industry players specialize in niche products. For instance, COM DEV International Ltd. (CO...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 effective exchange rate index
  • World price of aluminum

  • Current Performance
  • Deceleration
  • Under pressure
  • Core notes
  • Universal decline
  • Chart: Revenue Growth

  • Industry Outlook
  • Infrared region
  • New wave
  • Next phase
  • Countdown
  • 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
  • Navigational Instrument Manufacturing in Canada
  • Semiconductor & Other Electronic Component Manufacturing in Canada
  • Uranium & Metal Ore Mining

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

  • Industry Globalization
    COM DEV International Ltd., Magellan Aerospace Corporation, SED Systems, Maxar Technologies Inc.,
  • Table: COM DEV International Ltd. - financial performance
  • Table: Magellan Aerospace Corporation - financial performance
  • Table: SED Systems - financial performance
  • Table: Maxar Technologies Inc. - 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
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Government expenditure and investment (2010-2024)

  • 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?

    The Space Vehicle & Missile Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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