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Mar 28, 2023 · 2023-03-29. On March 28, 2023, funding of $2.5 billion was announced as part of the federal budget to support Canadian leadership in space, including: $1.1 billion over 14 years to continue Canada's participation in the International Space Station until 2030. $76.5 million over eight years in support of Canadian science on the Lunar Gateway.
- State of the Canadian space sector
The space sector is estimated to have contributed $3.2 B to...
- State of the Canadian space sector
In 2023, global government expenditure for space programs hit a record of approximately 117 billion U.S. dollars. The United States Government spent around 73.2 billion U.S. dollars on its space ...
The space sector is estimated to have contributed $3.2 B to Canada's GDP in 2022, a significant rise over 2021 and continuing a trend of growth in this area (+19% from 2018 to 2022). The workforce continues to grow at a rapid pace. The Canadian space workforce expanded by 8.6% in 2022 to 12,624 space-related jobs.
- Executive Summary. While overall showing resilience, in 2020, the Canadian space sector faced challenges as COVID-19 negatively influenced the normal functions of organizations.
- Economic Impact Analysis. In this section. Economic Impact Analysis KEY RESULTS. ECONOMIC IMPACT – GROSS DOMESTIC PRODUCT. ECONOMIC IMPACT – JOBS SUPPORTED.
- Overall Results. In this section. Overall Results KEY RESULTS. TOTAL REVENUES. TOTAL WORKFORCE. REGIONAL DISTRIBUTION AND TRENDS. KEY RESULTS. Total revenues in the Canadian space sector declined from 2019 figures to $4.9B for both 2020 and 2021.
- Revenues by Markets and Customers. In this section. Revenues by Markets and Customers KEY RESULTS. MARKET SHARE BY VALUE-CHAIN SEGMENTS. MARKET SHARE BY SECTOR OF ACTIVITY.
- Entering The Next Stage of Space Defense
- Moon Missions and International Norms in Space
- Room to Grow in Commercial Space
One significant factor that has fueled Canadian space investment and activity is defense. The North American Aerospace Defense Command (NORAD) is a prime example. During the Cold War, the joint American-Canadian organization was critical for continental defense, early warning detection of airborne threats, and satellite tracking. A valuable byprodu...
While Canada’s civil space activities are great, the CSA’s budget is modest. Theestimated budgetary spending for 2022-23is just $329 million. This figure reflects the reality that a country of 38 million people with a $2 trillion GDP can only fund so much space ambition. “Canada needs to be a good teammate, and that’s why Canada has been a consiste...
The Canadian space sector adds $2.3 billion to Canadian GDP and employs 10,000 people,according to the Canadian government. The government reports that 90% of Canadian space firms are small- and medium-sized businesses, but the one dominant presence in the space marketplace is satellite operator Telesat. Still, Canadian commercial space is in an ea...
Sep 24, 2024 · The State of the Canadian Space Sector Report 2023 is based on economic data gathered from almost 200 organizations involved in space activities from across Canada covering the year 2022. The Canadian space sector contributed $3.2 billion to Canada's GDP in 2022 – increasing 19% since 2018. Amongst the 25,000 jobs supported by the space ...
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Apr 17, 2024 · The U.S. formed its National Space Council in 1989, but it was disbanded in 1992 and reestablished in 2017. In the 2023 budget, the government announced proposed spending of $1.2 billion over 13 ...
