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 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 Infrastructure is the largest.
By decade’s end, NGSE2 observes Satellite Communications Services overtaking Infrastructure to become the dominant market in terms of annual revenues. From segments such as Mobility (aero, maritime, land) to Enterprise Data and Gov/Mil, the upside for Satellite Communications Services is significant as more/flexible satellites are launched and an increasingly virtual, 5G-enabled and cloud-based ground segment.
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.
Satellite & Space Infrastructure is the largest segment today, with burgeoning demand from the Crew & Cargo market as the leading revenue source. Close behind are key infrastructure markets such as Satellite Communications, Earth Observation, Situational Awareness and Science & Technology. Altogether, the Satellite & Space Infrastructure market will generate over $570B in revenue by.