…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.
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.
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.