RepublicWorld: Global Space Industry Revenue Could Cross $1 Trillion By 2040, Says Citigroup Analysis
…Northern Sky Research (NSR) have their own timeline of the space sector crossing the $1 trillion mark. While Morgan Stanley’s forecast predicts the global revenue milestone by 2040, NSR has said that the $1 trillion mark will be crossed a decade earlier. NSR’s report predicted that a cumulative revenue of $1.25 trillion is possible by 2030 owing to a 6.25% annual industry growth. According to NSR, the satellite market would again dominate the revenue generated in the space sector.