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Space Vehicle & Missile Manufacturing in Canada Industry Data and Analysis
Space vehicle and missile manufacturers, which develop and manufacture missiles, rockets, spacecraft and related equipment and components, have faced heavy volatility through the current period, driven by fluctuating demands and shifts in both public and private sectors. While declining satellite TV subscriptions have cut into demand for geosynchronous satellites, telecommunications advancements, like satellite internet, 5G and the general Internet of Things, have supported demand for smaller, more advanced satellites and launch vehicles, putting more and more products into low earth orbit. However, Canada's defence sector is severely compromised, with Canada falling well below NATO's 2.0% spending requirement. This trend has severely limited demand for completed missile systems, largely forcing Canadian contractors into subcontracting roles. Overall, revenue has climbed at an expected CAGR of 6.2% to $1.2 billion through the current period, including a 1.4% jump in 2025, where profit settled at 0.3%.
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What's included in this industry analysis
IBISWorld's research coverage on the Space Vehicle & Missile Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Space Vehicle & Missile Manufacturing industry in Canada operates under the NAICS industry code 33641bCA. The Space Vehicle and Missile Manufacturing industry in Canada consists of operators involved in the manufacture of guided missiles and space vehicles, including the development of prototypes and the manufacture and development of parts, propulsion units and support equipment used in guided missiles and space vehicles. Related terms covered in the Space Vehicle & Missile Manufacturing industry in Canada include radarsat constellation, original equipment manufacturers (oem) and satellite bus.
What's included in this industry?
Products and services covered in Space Vehicle & Missile Manufacturing industry in Canada include Spacecraft and components, Ground equipment and Missiles and rockets.
What companies are included in this industry?
Companies covered in the Space Vehicle & Missile Manufacturing industry in Canada include Honeywell International Inc, Magellan and Calian Group Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Space Vehicle & Missile Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Space Vehicle & Missile Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Space Vehicle & Missile Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Space Vehicle & Missile Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Space Vehicle & Missile Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Space Vehicle & Missile Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Space Vehicle & Missile Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Space Vehicle & Missile Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Space Vehicle & Missile Manufacturing industry in Canada in 2026?
The market size of the Space Vehicle & Missile Manufacturing industry in Canada is $1.2bn in 2026.
How many businesses are there in the Space Vehicle & Missile Manufacturing industry in Canada in 2025?
There are 15 businesses in the Space Vehicle & Missile Manufacturing industry in Canada, which has declined at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Space Vehicle & Missile Manufacturing industry in Canada?
The Space Vehicle & Missile Manufacturing industry in Canada is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Space Vehicle & Missile Manufacturing industry in Canada?
The Space Vehicle & Missile Manufacturing industry in Canada is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Space Vehicle & Missile Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Space Vehicle & Missile Manufacturing industry in Canada has been growing at a CAGR of 6.2 % between 2020 and 2025.
What is the forecast growth of the Space Vehicle & Missile Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Space Vehicle & Missile Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Space Vehicle & Missile Manufacturing industry in Canada?
The biggest companies operating in the Space Vehicle & Missile Manufacturing industry in Canada are Honeywell International Inc, Magellan and Calian Group Ltd
What does the Space Vehicle & Missile Manufacturing industry in Canada include?
Production of spacecraft and components and Production of missiles and components are part of the Space Vehicle & Missile Manufacturing industry in Canada.
Which companies have the highest market share in the Space Vehicle & Missile Manufacturing industry in Canada?
The company holding the most market share in the Space Vehicle & Missile Manufacturing industry in Canada is Honeywell International Inc.
How competitive is the Space Vehicle & Missile Manufacturing industry in Canada?
The level of competition is high and increasing in the Space Vehicle & Missile Manufacturing industry in Canada.
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