Report
KEY FINDINGS
Space will be a larger part of the global economy by 2035. The space economy is forecast to reach $1.8 trillion by 2035, up from $630 billion in 2023
Space will become more about connecting people and goods. Five industries – supply chain and transportation; food and beverage; state-sponsored defence; retail, consumer goods and lifestyle; and digital communications – will generate more than 60% of the increase in the space economy by 2035
Space’s impact will increasingly go beyond space itself – for example, companies like ride-hailing apps have scaled by utilizing satellite technology to connect riders and drivers
Space’s return on investment will be more than financial. Beyond revenue generation, space will play an increasingly crucial role in mitigating world challenges, ranging from disaster warning and climate monitoring, to improved humanitarian response and more widespread prosperity
Report
Space: The $1.8 trillion opportunity for global economic growth
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As the space economy expands, it could create value for multiple industries and solve many of the world’s most pressing challenges.
