The key findings of the report are: How the space economy will continue Space will be a larger part of the global to transform 1 economy by 2035 While industry opinions differ on the extent to which The space economy is forecast to reach $1.8 space-based and -enabled applications have trillion by 2035, up from $630 billion in 2023 and already reached an inflection point, space is set growing at an. [...] For instance, funds for the Artemis programme7 of the National Aeronautics and State-sponsored investments will remain the Space Administration (NASA) of the US are cornerstone of the space backbone, with continued expected to reach $50 billion for the 2021-25 growth spurred by both incumbents and new period.8 entrants. [...] – More and more countries will improve their The 7% annual growth Over the next decade, the following developments space capabilities, with the number of space of the backbone of will gather pace: agencies having grown from 40 in the year 2000 the space economy to over 75 today (driving approximately 5% of will be 1.5-times faster – The established space nations will increase the state-sponsored v. [...] 525 backbone 330 2023 2030 2035 Commercial – others Commercial – enabled by communications Commercial – enabled by positioning, navigation and timing Commercial – enabled by communications Backbone Source: Future of Space Economy research The reach of the Similar to the early days of the internet, the true impact of space space economy technologies will extend far beyond the realm of space itself. [...] industries, space cases by 2035 will be at the forefront of the space has the potential economy expansion in the following industries: – Media, entertainment and sports, for sports to revolutionize the tracking devices and online media.
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