The guided
missile and space vehicle manufacturing industry is becoming increasingly
dynamic and innovative, with more number of private players entering the
industry. Commercialization of space vehicles and guided missiles manufacturing
is a growing trend within the industry. There was a time when government space
agencies alone were driving the world’s dream of exploring outer space. But
that has changed over the past few years. A number of private space companies
have entered the market with ambitious plans to build rockets and colonize new
planets - SpaceX, Virgin Galactic, Blue Origin being the most well-known names.
THE
BUSINESS RESEARCH COMPANY VALUED THE GLOBAL GUIDED
MISSILE AND SPACE VEHICLE MARKET AT
$331 BILLION IN 2017
Asia
Pacific was the largest geographic region in the market, accounting for over
38% of the global market share. China was the largest country in the market, accounting
for one-fifth market share.
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the report at: https://www.thebusinessresearchcompany.com/report/guided-missile-and-space-vehicle-global-market-report-2018
According
to The Business Research Company’s Consultant, Nitin Gianchandani, digital
technologies such as blockchain are being adopted by space vehicle manufacturing
companies to monitor performance of vehicle components and systems as the
process is highly specialized and complex. Block chain is a data structure used
to establish a digital archive or record blocks of data which can be accessed
across a network of computers.
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at: https://www.thebusinessresearchcompany.com/sample.aspx?id=402&type=smp
Lockheed Martin Corporation was the
biggest player in the guided
missile and space vehicle market in 2016. Its strategy is to expand its
core business into the growing areas of helicopter production and sustainment.
In November 2015, Lockheed Martin acquired Sikorsky Aircraft for $9 billion.
The guided
missile and space vehicle manufacturing industry comprise establishments
primarily engaged in manufacturing complete guided missiles and space vehicles
and/or developing and making prototypes of guided missiles or space vehicles.
Guided
Missile and Space Vehicle Global Market Report 2018 is a detailed
report giving a unique insight into this market. The report is priced at $4000
for an individual user. To use across your office, the price is $6000 and $8000
if you wish to use across a multinational company.
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