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. .
As the Space and Satellite Industry starts to meet again “in-person” at events like the 36th Annual Space Symposium – just what does the future look like for the space economy? 2020 and 2021 have been transformative years characterized by a truly massive number of satellites launched by ‘new players’ such as SpaceX’s Starlink, a.
The NSR Global Space Economy (NGSE) report is the industry benchmark for evaluating trends and opportunities in the satellite and space markets. NSR’s Global Space Economy report establishes the key growth drivers in this evolving sector, with SATCOM alone representing a $500 billion cumulative opportunity through 2029. While mainly composed of infrastructure-centric revenues in 2019, the.
The space industry is in a period of rapid transformation, with the largest growth rates occurring in the Satellite and Space Applications segment. The recently released, NSR Global Space Economy report forecasts significant growth within this segment, representing the highest annual growth market within the decade. Albeit much smaller on an absolute revenue basis, when.
Space & Satellite Infrastructure, Applications, and Satellite Connectivity to exceed $1 Trillion, growing at 4.5% CAGR until 2029 Cambridge, MA – The new NSR Global Space Economy report, launched today, finds a cumulative space and satellite market revenue opportunity of more than $1 Trillion between 2019 and 2029. There is an expanding need for space-based services.