A New Space Race in Satellite Manufacturing The satellite manufacturing industry is entering a boom period from 2024 through 2033, with “bus” platforms – the modular chassis of satellites – at the center of a fierce global competition. Established aerospace giants are vying with agile NewSpace startups to meet surging demand for satellites across Low-Earth…
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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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