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The Space Economy at a Glance 2014

image of The Space Economy at a Glance 2014

The space sector plays an increasingly pivotal role in the functioning of modern societies and their economic development as the use of satellite technology gives rise to new applications, uses and markets. Space Economy at a Glance offers a statistical overview of the global space sector and its contributions to economic activity using data from over 40 countries with space programmes, and identifies new dynamics in the space sector.

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The space industry's RandD intensity

The research and technology (RandD) intensity of higher-technology industries remains strong in developed economies, and the space sector is a good example. R&D intensity is a key indicator for the assessment of innovative activity at the firm and industry level. Although many OECD economies have seen in the past decade the number of enterprises and total employment falling in manufacturing, higher technology sub-sectors have fared relatively well so far. High technology-intensive sectors, like the space sector, tend to benefit from a stock of long-term past R&D investments, not easily and rapidly delocalised. The challenge for these sectors is to constantly prepare the future with new R&D investments.

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