The space industry refers to the sector of the economy that is involved in the research, development, production, and operation of technologies and services related to outer space. This includes activities associated with spacecraft, satellites, launch vehicles, and space exploration missions. The industry encompasses a wide range of services, such as satellite communications, Earth observation, space tourism, and scientific exploration of celestial bodies. Companies in the space industry can be private enterprises, government agencies, or a combination of both, contributing to advancements in aerospace technology and expanding humanity’s capabilities in space.
Executive Summary and Market Overview The global space industry is experiencing robust growth in the mid-2020s, driven by commercial innovation and rising government investment. In 2024, the global space economy reached an estimated $415 billion in revenue, up 4% from the previous year sia.org. Commercial satellite activities dominate, accounting for about $293 billion (71%) of this total sia.org. The number of…
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