U.S.: Overview of the Market for Guided Missiles And Space Vehicles 2021

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

The U.S. market for guided missiles and space vehicles shrank to $X in 2020, reducing by -X% against the previous year. Overall, consumption, however, showed a mild curtailment. The pace of growth was the most pronounced in 2019 when the market value increased by X% y-o-y. Guided missile and space vehicle consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

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

In value terms, guided missile and space vehicle production dropped to $X in 2020. In general, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Guided missile and space vehicle production peaked at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Exports of Guided Missiles And Space Vehicles

Exports from the U.S.

In 2020, after three years of decline, there was significant growth in overseas shipments of guided missiles and space vehicles, when their volume increased by X% to X units. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. from 2017 to 2020, the growth exports remained at a lower figure.

In value terms, guided missile and space vehicle exports expanded to $X in 2020. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for guided missile and space vehicle exports from the U.S., with 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, Morocco (X units), fivefold. The third position in this ranking was occupied by South Korea (X units), with a X% share.

From 2013 to 2020, the average annual growth rate of volume to Saudi Arabia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and South Korea (+X% per year).

In value terms, the largest markets for guided missile and space vehicle exported from the U.S. were the United Arab Emirates ($X), Qatar ($X) and Saudi Arabia ($X), together comprising X% of total exports.

Saudi Arabia (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for guided missiles and space vehicles amounted to $X per unit, waning by -X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2019, and then fell rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+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.

In 2020, approx. X units of guided missiles and space vehicles were imported into the U.S.; shrinking by -X% against the previous year. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, guided missile and space vehicle imports skyrocketed to $X in 2020. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2018 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Israel (X units), the UK (X units) and New Zealand (X units) were the main suppliers of guided missile and space vehicle imports to the U.S., together accounting for X% of total imports.

From 2013 to 2020, the biggest increases were in Israel, while purchases for the other leaders experienced more modest paces of growth.

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

From 2013 to 2020, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Israel (+X% per year).

Import Prices by Country

In 2020, the average import price for guided missiles and space vehicles amounted to $X per unit, with an increase of X% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per unit. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was New Zealand ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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, the UK ($13M) constituted the largest supplier of guided missile and space vehicle to the U.S., comprising 68% of total imports. The second position in the ranking was occupied by New Zealand ($3.8M), with a 20% share of total imports. It was followed by Israel, with a 10% share.

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

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In value terms, the United Arab Emirates ($446M), Qatar ($335M) and Saudi Arabia ($178M) were the largest markets for guided missile and space vehicle exported from the U.S. worldwide, with a combined 66% share of total exports.

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 $245,321 per unit in 2020, reducing by -54% 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 $520,091 per unit in 2020, with an increase of 545% against the previous year.