Overview of the Market for Guided Missile And Space Vehicle in the USA
In value terms, guided missile and space vehicle production reached $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Guided missile and space vehicle production peaked in 2019 and is likely to continue growth in years to come.
The value of the market for guided missiles and space vehicles in the U.S. totaled $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.