U.S.: Overview of the Market for Guided Missiles And Space Vehicles 2020

Market Size for Guided Missiles And Space Vehicles in the U.S.

For the third consecutive year, the U.S. market for guided missiles and space vehicles recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Guided missile and space vehicle consumption peaked in 2019 and is likely to see gradual growth in years to come.

Production of Guided Missiles And Space Vehicles in the U.S.

In value terms, guided missile and space vehicle production amounted to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Guided missile and space vehicle production peaked in 2019 and is likely to see gradual growth in years to come.

Exports of Guided Missiles And Space Vehicles

Exports from the U.S.

In 2019, shipments abroad of guided missiles and space vehicles increased by X% to X units for the first time since 2016, thus ending a two-year declining trend. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, exports attained the peak of X units. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, guided missile and space vehicle exports totaled $X in 2019. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for guided missile and space vehicle exports from the U.S., accounting for a X% share of total exports. Moreover, guided missile and space vehicle exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X units), threefold. Jordan (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+X% per year) and Jordan (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for guided missile and space vehicle exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2019, the average annual growth rate of value to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

In 2019, the average export price for guided missiles and space vehicles amounted to $X per unit, dropping by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Guided Missiles And Space Vehicles

Imports into the U.S.

Guided missile and space vehicle imports into the U.S. surged to X units in 2019, with an increase of X% against 2018. In general, imports enjoyed strong growth. Imports peaked at X units in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, guided missile and space vehicle imports soared to $X in 2019. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Germany (X units) constituted the largest supplier of guided missile and space vehicle to the U.S., with a X% share of total imports. Moreover, guided missile and space vehicle imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was occupied by Norway (X units), with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Norway (X% per year).

In value terms, Norway ($X) constituted the largest supplier of guided missile and space vehicle to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Israel ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2013 to 2019, the average annual growth rate of value from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average import price for guided missiles and space vehicles stood at $X per unit in 2019, shrinking by -X% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per unit, and then shrank notably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Norway ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of guided missiles and space vehicles to the U.S.?

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In value terms, Norway ($11M) constituted the largest supplier of guided missile and space vehicle to the U.S., comprising 85% of total imports. The second position in the ranking was occupied by Israel ($1M), with a 7.8% share of total imports. It was followed by Canada, with a 0.2% share.

What are the leading importers of guided missiles and space vehicles from the U.S.?

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In value terms, Saudi Arabia ($878M) remains the key foreign market for guided missile and space vehicle exports from the U.S., comprising 41% of total exports. The second position in the ranking was occupied by Kuwait ($315M), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

What is the average export price for guided missiles and space vehicles in the U.S.?

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The average export price for guided missiles and space vehicles stood at $459,826 per unit in 2019, falling by -3.3% against the previous year.

What is the average import price for guided missiles and space vehicles in the U.S.?

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The average import price for guided missiles and space vehicles stood at $83,459 per unit in 2019, shrinking by -89.5% against the previous year.