Overview of the Market for Guided Missile And Space Vehicle Propulsion Unit in the USA

The U.S. market for guided missile and space vehicle propulsion units and their parts skyrocketed to $ in 2019, jumping 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). Overall, consumption, however, showed a deep setback. The growth pace was the most rapid in 2017 with an increase of % y-o-y. Consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

In value terms, production of guided missile and space vehicle propulsion units and their parts dropped to $ in 2019. Overall, production saw a abrupt setback. The pace of growth was the most pronounced in 2015 with a decrease of -% against the previous year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

In 2019, approx. tonnes of guided missile and space vehicle propulsion units and their parts were consumed in the U.S.; jumping by % against the previous year. Over the period under review, consumption, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

The revenue of the market for guided missile and space vehicle propulsion units and their parts in the U.S. soared to $ in 2019, increasing 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). In general, consumption, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Driven by rising demand for guided missile and space vehicle propulsion unit in the U.S., the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.