Major Group SIC 3764 - Guided Missile And Space Vehicle Prop...

SIC 3764 - Guided Missile And Space Vehicle Propulsion Units And Propulsion

SIC 37 - Transportation Equipment
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- SIC 376 - Guided Missiles And Space Vehicles And Parts
  SIC 371 - Motor Vehicles And Motor Vehicle Equipment SIC 372 - Aircraft And Parts SIC 373 - Ship And Boat Building And Repairing SIC 374 - Railroad Equipment SIC 375 - Motorcycles, Bicycles, And Parts SIC 376 - Guided Missiles And Space Vehicles And Parts SIC 379 - Miscellaneous Transportation Equipment
  - SIC 3764 - Guided Missile And Space Vehicle Propulsion Units And Propulsion
    SIC 3761 - Guided Missiles And Space Vehicles SIC 3764 - Guided Missile And Space Vehicle Propulsion Units And Propulsion SIC 3769 - Guided Missile and Space Vehicle Parts and Auxiliary Equipment

Establishments primarily engaged in manufacturing guided missile propulsion units and propulsion unit parts. This industry also includes establishments owned by manufacturers of guided missile and space vehicle propulsion units and parts and primarily engaged in research and development on such products, whether from enterprise funds or on a contract or fee basis. Research and development on guided missile and space propulsion units, on a contract or fee basis by establishments not owned by manufacturers of guided missile and space vehicle propulsion units and parts, are classified in Services, Industry 8731.

Industry trends:

In the NAICS 3764 industry, Guided Missile and Space Vehicle Propulsion Units and Propulsion, several qualitative trends are becoming prevalent. A significant trend is the increasing investment and research into advanced propulsion technologies, such as electric and nuclear thermal propulsion. These systems promise higher efficiency and longer-range capabilities, critical for deep space exploration and long-term missions.

Another notable trend is the rise in private sector involvement and public-private partnerships. Companies like SpaceX, Blue Origin, and Rocket Lab are playing an increasingly pivotal role, driving innovation and reducing costs through commercial competition. These collaborations accelerate technological advancements and broaden the market scope beyond traditional governmental and military applications.

Sustainability is also a growing focus within the industry. As environmental concerns heighten, there's a push towards developing eco-friendlier propulsion methods, such as green propellants and reusable launch systems, to minimize the ecological footprint of space missions.

Looking ahead, forecasts suggest continued strong growth driven by the increased demand for satellite deployment, space tourism, and interplanetary exploration. The anticipated expansion of satellite constellations for global internet coverage is also expected to fuel demand for advanced propulsion systems. As countries and private enterprises race towards establishing a presence on the moon and Mars, the propulsion sector is poised for rapid technological evolution and market expansion in the coming years.

This industry is comprised of:

Engines and engine parts, guided missile

Propulsion units for guided missiles and space vehicles

Research and development on guided missile and space vehicle

Rocket motors, guided missile

Explore related industries:

SIC 3489 - Ordnance And Accessories, Not Elsewhere Classified SIC 3812 - Search, Detection, Navigation, Guidance, Aero and Water Systems and Instruments SIC 8731 - Commercial Physical And Biological Research

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