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$469 billion
- According to the not-for-profit Space Foundation, the space economy was valued at $469 billion in 2021, up 9 percent from 2020, the highest recorded growth since 2014. 2 Although the space economy now generates most value by enabling or enhancing activities on Earth, significant future value could arise from functions that occur entirely in orbit, such as in-orbit servicing, research and development, and manufacturing.
www.mckinsey.com/industries/aerospace-and-defense/our-insights/how-will-the-space-economy-change-the-world
Apr 8, 2024 · By 2035, the space economy is set to reach $1.8 trillion, up from $630 billion in 2023 and averaging a growth rate of 9% per annum – a figure significantly above the growth rate of global GDP.
Apr 8, 2024 · We estimate that the global space economy will be worth $1.8 trillion by 2035 (accounting for inflation), up from $630 billion in 2023.
Jul 18, 2024 · The global space economy totaled $570 billion in 2023, 7.4% higher than 2022’s revised sum of $531 billion. This growth is consistent with the industry’s five-year compound annual growth rate (CAGR) of 7.3% and is nearly double the size of the space economy a decade ago.
Jul 25, 2023 · The continued vitality of the global space economy was driven by $427.6 billion in revenue for commercial space ventures. Some of the fastest growth came in the communications sector, which saw rising demand for satellite broadband services.
Key facts and figures on the space sector. Public space budget have reached their largest amounts since the 1960s and the Apollo era, at an estimated USD 75 billion in 2017, with the United States accounting for more than half of the total budget, followed by China, Japan and France.
Jul 27, 2022 · Global space economy hit $469B in 2021. Commercial space sector saw 6.4% revenue growth since 2020. 1,022 spacecraft placed in orbit during the first six months of 2022.
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M2M spending supports more than $20.1 billion in total economic output across the country, an increase of 42.6% from FY19. The M2M program generates an estimated $2.2 billion in federal, state, and local tax revenues nationwide.
