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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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A new satellite communications environment

The chapter briefly reviews the state of play in satellite communications, which is undergoing significant transformation. For decades, satellite communications have been the fastest growing commercial space market, driving innovation and growth along the space sector’s value chains. New technologies, business models and consumer behaviours are disrupting markets (e.g. television, broadband and the Internet of Things), with impacts throughout the space sector’s value chains.

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