Key Facts Industry Overview and Historical Context (A Decade of Transformation) Just 10–15 years ago, the satellite industry was a relatively stable domain dominated by government programs and a handful of commercial players focused on geostationary communications satellites. In 2010 the global space economy was around $277 billion thespacereport.org, heavily driven by broadcasting (satellite TV) and…
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The global satellite bus market is projected to rise from $14.1 billion in 2023 to $23.4 billion by 2033, a CAGR of about 5.4%. Lockheed Martin is developing the LM-2100 modular bus with upgradeable components, while Northrop Grumman, Boeing, Airbus, and Thales Alenia Space remain leaders in GEO and military programs. SpaceX has mass-produced Starlink…
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In 2024, the global space economy reached $415 billion in revenue, up 4% from 2023. Commercial satellite activities totaled about $293 billion in 2024, representing 71% of the global space economy. The number of operational satellites rose from roughly 3,371 in 2020 to 11,539 by the end of 2024, a more than threefold increase. SpaceX…
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