According to NSR’s latest Global Space Economy (GSE) 3rd Edition report, the Space Economy is poised to generate USD$ 1.4 trillion over the period of ’21 to ’31, with a growth rate of 6.8%. Service revenue is the key driver of future revenues as infrastructure investments today move to service revenues tomorrow. With services largely.
A January report by Cambridge, Massachusetts-based consultancy Northern Sky Research (NSR) estimates that the satellite and space infrastructure market alone could be worth as much as $570 billion by 2030. This market is seeing strong demand in the crew and cargo domain and is currently the sector’s largest segment. Still, NSR says that by the.
With many other LEO constellations also in the works, it is little wonder that recent forecasts from Northern Sky Research (NSR) predict that satellite communications will become the biggest single sector of the global space economy in terms of revenue by 2030. The research firm reckons the overall space market will generate cumulative revenue of.
Interest in space is exploding, with the industry seeing growth and opportunities that weren’t just dormant, they simply didn’t exist 5-10 years ago. Over the next decade, according to NSR’s Global Space Economy, 2nd Edition, cumulative revenue is expected to hit USD $1.25T. Video, the use-case that built most of the satellite industry and continues.
NSR’s newly released NSR’s 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. With over $1.25T in cumulative revenue projected by 2030, the space industry growth trajectory trends upwards at a 6.25% CAGR. Satellite & Space.