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The Space Economy in Figures

How Space Contributes to the Global Economy

image of The Space Economy in Figures

The space economy is expanding and becoming increasingly global, driven by the development of ever-more governmental space programmes around the world, the multiplication of commercial actors in value chains, durable digitalisation trends, and new space systems coming of age. This report describes these emerging trends using new and internationally comparable data and indicators. It highlights the growing importance of space activities for the economy, for developing country strategies (based on original official development assistance statistics), for the pursuit of knowledge and scientific discoveries, and for society in general. To get the most out of space investments and promote sustained socio-economic growth, this report provides some recommendations to countries in building up their statistical evidence on space actors and activities.

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The ongoing transformation of the global space sector

This chapter provides an introduction to the ongoing transformation of the global space sector. It first provides a review of institutional and private investments, which are generally on the rise around the world. Governments remain today the main investors in space activities, via procurement and grant mechanisms, but long-term civil space research and development budgets show signs of slowing in some countries. The chapter examines the evolution of the space economy, confronting current hype and market realities. Focussing then on space innovation (using proxies such as bibliometrics and patents), a new landscape of innovative space activities is slowly appearing, demonstrating the ongoing globalisation of the sector. Finally, two policy approaches to better assess and support a transformed space sector are proposed.

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