• Space is booming. Here's how to embrace the $1.8 trillion opportunity🔍
• The Space Report 2024 Q1 Finds Growth in U.S. Space Workforce ...🔍
• Riding the exponential growth in space🔍
• A giant leap for the space industry🔍
• What is the Space Economy?🔍
• Space Foundation Reports 7.4% Global Space Economy Growth🔍
• The Space Sector to Be Bigger Than the Oil Industry🔍
• Commercial space industry expected to grow 41% over next five years🔍

Space: The $1.8 trillion opportunity for global economic growth

We estimate that the global space economy will be worth $1.8 trillion by 2035 (accounting for inflation), up from $630 billion in 2023.

Space is booming. Here's how to embrace the $1.8 trillion opportunity

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 ...

The Space Report 2024 Q1 Finds Growth in U.S. Space Workforce ...

Total employment in the U.S. space sector, including NASA employment and military roles, grew to 222,300 positions from 201,000 in 2022.

Riding the exponential growth in space - Deloitte

This growth in the global space sector is creating opportunities for new players and new offerings for incumbent ones. 2022 was a record year ...

A giant leap for the space industry - McKinsey & Company

The space market, for example, has grown to approximately $447 billion—up from $280 billion in 2010—and could grow to $1 trillion by 2030 ...

SCB, New and Revised Statistics for the U.S. Space Economy, 2017 ...

Real GDP grew by 2.3 percent in the space economy, faster than growth in the overall U.S. economy (1.9 percent). The statistics also show in ...

What is the Space Economy?

Today, the deployed space infrastructure makes the development of new services possible, which in turn enables new applications, in sectors such as meteorology, ...

Space Foundation Reports 7.4% Global Space Economy Growth

Ibadan, 19 July 2024. – Space Foundation has reported the size of the 2023 global space economy to be $570 billion, an increase of 7.4% from ...

Space: The $1.8 Trillion Opportunity for Global Economic Growth

In addition, nine other industries will see space-related revenues reach several billion dollars – creating opportunities for traditional and non-traditional.

The Space Sector to Be Bigger Than the Oil Industry | EVONA

In 2020/21, the UK space industry experienced a significant increase in income, rising by 5.1% in real terms to reach £17.5 billion. This growth rate marked the ...

Commercial space industry expected to grow 41% over next five years

The sector is expected to show resiliency in the coming years, despite uncertainty about the global economy and a recent slowdown in space ...

Space Foundation Announces $570B Space Economy in 2023 ...

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 ...

The trillion-dollar question - SpaceNews

Their report suggests the space industry will grow roughly 7% per year to reach $775 billion in 2035, outpacing the growth in global GDP by 150% ...

Space Economy | U.S. Bureau of Economic Analysis (BEA)

BEA is developing statistics measuring the contributions of space-related industries to the overall US economy.

The New Space Economy - Morgan Stanley

Morgan Stanley's Space Team estimates that the roughly $350 billion global space industry could surge to over $1 trillion by 2040.

Space industry is growing amid intense public interest

The space economy has seen explosive growth in recent years. More private companies than ever have joined in a new space race, and the public's ...

Budget woes just a blip for unstoppable space industry growth

Recent high-profile layoffs are only a short-term setback for a space industry on track for more unprecedented growth in workforce and revenues.

Global Space Economy Projected to Grow 41% Over Next Five Years

The global space economy grew 8% to $546 billion in 2022 and is projected to climb another 41% over the next five years, according to a ...

Space Industry Grew To Record $469 Billion Last Year, Report Finds

The global space economy grew 9% year-over-year in 2021, marking the fastest rate of growth since 2014, the report found. Commercial space ...

Space industry is on its way to $1 trillion in revenue by 2040: Citi

In Citi's view, a $1 trillion space economy would happen through a decline in launch costs, which it says "have already fallen precipitously ...