Record Near-Term Investment Drives Long-Term Global Space Revenue Across Infrastructure, Satellite Communications Services and Applications Markets Cambridge, MA– January 26th, 2022- Newly released NSR Global Space Economy, 2nd Edition (NGSE2) projects strong revenue potential across all key segments, underpinned by record setting investment and both public and private sector demand for space products and services. .
A study from analysts at Northern Sky Research (NSR) suggests that by 2031 some 57,500 passengers will be taking a trip into space. The value of this space tourism and orbital travel will capture the majority of an overall cumulative $20.3 billion in related revenues. The numbers come from NSR’s Space Tourism & Travel Markets,.
As the most stable and lucrative segment through 2031, Orbital Travel is set to capture 66% of total revenue opportunity. Orbital Travel has strong government support with initiatives such as the Commercial Crew program and commercial company led Space Station development. High ticket prices, coupled with very strong demand, results in a fast-growing market, even amongst delays.
Orbit Fab’s geostationary orbit (GEO) fuel shuttle will supply Astroscale’s fleet of on-orbit life extension vehicles with up to 1,000 kilograms of fuel (xenon propellant). The agreement is “take-or-pay”…
A market for in-space manufacturing and assembly (ISMA) and on-orbit services (OOS) is currently shaping which could reach several billions of dollars, with valuations ranging from US$ 3 billion (SpaceTec Partners, NSR 2019) to US$ 6.2 billion (NSR, 2020).