The growth of the space industry

1.7 Advance U.S. leadership in the commercial space industry

The space economy accounted for $195 billion in U.S. gross output and supported 354,000 jobs in the private sector in 2019, according to the Bureau of ...

Citi, McKinsey Chart Growth of Space Industry - Payload

The bank's GPS group sizes up the commercial space market and forecasts that the sector will generate $1 trillion in annual sales by 2040.

The Rise of Commercial Space: Forecasts and Trends in the ...

By fiscal year 2028, this range is expected to increase to between 195 and 338 operations annually. This projected growth is attributed to ...

Space economy is unlocking data-driven business growth - PwC

Dominated for decades by a few public and private entities with limited and costly entry points, the space sector is rapidly expanding. And this ...

Space industry worldwide - statistics & facts | Statista

Global revenue from satellites totaled 271 billion U.S. dollars in 2019, with 95 new satellites launched in that year. In recent times, the number of satellite ...

Space industry - Wikipedia

Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to ...

How space exploration is fueling the Fourth Industrial Revolution

The advancements in materials science and 3D printing have significantly decreased launch costs with sweeping impacts for the space industry.

Space Technology Market Size to Worth USD 916.85 Bn by 2033

What is the growth rate of the space technology industry? The global space technology market will register growth rate of 7.54% between 2024 and 2033. Who ...

SpaceTech Market Size & Growth Analysis Report, 2030

The global space technology (SpaceTech) market size was valued at USD 420.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of ...

Navigating the space-industry inflection point - Deloitte

There appears to be considerable excitement about the future of the space sector. Whether it's reaching a trillion-dollar market value, ...

Space economy | OECD

The growing accumulation of debris in Earth's orbits also poses a critical problem for the future of the space sector. There are currently about 25000 ...

Consultancy Sees Space Industry Growing To $1.8 Trillion

Consultancy McKinsey sees the global space industry growing to an estimated $1.8 trillion by 2035, up from $630 billion in 2023.

The Rapid Growth of the Space Industry | KDC Resource

The space industry is set to grow 41% over five years, driven by sustainable fuels, generative AI, and reusable launch vehicles.

Future of Space Market - MarketsandMarkets

The global Future of Space Industry in terms of revenue is estimated to be worth $1.7 Trillion by 2034 and is poised to reach $6.1 Trillion by 2064.

Commercial Space - NASA

NASA is enabling commercial industry to build, own, and operate space systems with the agency purchasing services for its science and research needs.

The Rise of the Commercial Space Industry - SpringerLink

Today, the space industry is taking on an increased leadership and innovation role in both space access and exploration. The growth of commercial space over ...

What the growth of a space tourism industry could contribute to ...

In addition, by growing to large scale, space tourism has unique potential to reduce the cost of space travel sharply, thereby making many other activities in ...

Unveiling the Vast Expanse: Space Industry Trends and Market ...

In recent years, the space industry has experienced unprecedented growth, with a renewed interest in space exploration and a surge of private ...

The Commercial Space Age Is Here - Harvard Business Review

In 2019, 95% of the estimated $366 billion in revenue earned in the space sector was from the space-for-earth economy: that is, goods or ...

Space exploration and economic growth: New issues and horizons

Specifically, space sector activity in the 1960s and 1970s had large positive impacts on GDP growth, increasing real GDP by 2.2% on average ...