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Strategic Intelligence: The Space Economy

Publisher GlobalData
Published May 15, 2025
Length 68 Pages
SKU # GBDT20068580

Description

Strategic Intelligence: The Space Economy

Summary

Space launches used to be rare, memorable events of global significance. Today, the launch of rockets carrying multiple satellites into orbit is increasingly commonplace. SpaceX alone launched 138 rockets in 2024.

GlobalData estimates the space economy market was worth $421.0 billion in 2024 and will reach $511.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 4% over the five-year period.

Key Highlights

Space is no longer the sole domain of governments and incumbent aerospace and defense companies. Technological advances in manufacturing, propulsion, and the launch of rockets have made it much easier and less expensive to venture into space. Those businesses that pursued emerging opportunities have gained a first-mover advantage. SpaceX was the first private company to launch a spacecraft into orbit and return it safely to Earth. Today, it charges clients $69.5 million per launch of the Falcon 9, its partially reusable medium-lift launch vehicle.
  • The sector has become incredibly competitive, with various start-ups developing similar concepts for cost-effective rockets and satellites to rival the aerospace giants. The large satellite groups continue to consolidate to compete with Starlink and the future Amazon Kuiper mega-constellations. Eutelsat and OneWeb merged in 2022, Viasat acquired Inmarsat in 2023, and SES acquired Intelsat in 2024. This market consolidation will continue.
Scope
  • The space economy can be broadly defined as the full range of activities that create value and benefits for humans while exploring, researching, understanding, managing, and using space.
  • Space is an extensive industry, and a vast number of companies are helping drive this new economy. From equipment manufacturers to space operations, applications, and services, these comprise many of the world’s most technologically advanced and innovative organizations.
Reasons to Buy
  • Understand the impact of the space economy theme. Access the latest data on the space economy theme across all sectors. Identify the leading technological advancements increasing investment into the space economy theme. Understand what leading players are doing in the space economy theme.

Table of Contents

68 Pages
Executive Summary
Players
Technology Briefing
Government space agencies
Equipment manufacturers
Launch systems
Propulsion
Satellites and satellite terminals
Space operations
Space-based operations
Launch operations
Ground-based operations
Space applications
Earth observation
Synthetic aperture radar provides centimeter-level Earth imaging
Space services
Communications, networking, and data
Cybersecurity
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Space is no longer the sole domain of governments
Partnerships are at the core of the space economy
Market size and growth forecasts
In 2024, the space economy market was worth $421 billion
Space applications revenue will reach $334.8 billion by 2029
Timeline
Value Chain
Equipment manufacturers
Launch systems
Propulsion
Satellites and satellite terminals
In-space transportation systems
Space operations
Space-based operations
Launch operations
Ground-based operations
Space applications
Communications
Navigation
Earth observation
Research and exploration
Space tourism
Space services
Space regulation
Professional services
Deep space communications
Cybersecurity
Companies
Public companies
Private companies
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Technology trends
Table 2: Macroeconomic trends
Table 3: Regulatory trends
Table 4: Public companies
Table 5: Private companies
Table 6: Glossary
Table 7: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the space economy theme, and where do they sit in the value chain?
Figure 2: From the space race to the space economy
Figure 3: Intergovernmental cooperation is at the core of space exploration
Figure 4: The space economy can be divided into four core business areas
Figure 5: SpaceX Falcon 9 launch
Figure 6: SpaceX’s Falcon Heavy flight profile
Figure 7: Sputnik I
Figure 8: The three common types of satellite orbits: LEO, MEO, and GEO
Figure 9: CubeSat
Figure 10: Ground infrastructure is used to communicate with spacecraft in space
Figure 11: Copernicus’ Earth observations
Figure 12: Synthetic aperture radar provides ultra-precision mapping of terrain and urban centers
Figure 13: Lost in space: How NASA lost and found its Voyager 2
Figure 14: The global space economy market was worth $421.0 billion in 2024
Figure 15: The space economy story
Figure 16: The space economy value chain
Figure 17: The space economy value chain - Equipment manufacturers – launch systems
Figure 18: The space economy value chain - Equipment manufacturers – propulsion
Figure 19: The space economy value chain - Equipment manufacturers – satellites and satellite terminals
Figure 20: The space economy value chain - Equipment manufacturers – in-space transportation systems
Figure 21: The space economy value chain - Space operations – space-based operations
Figure 22: The space economy value chain - Space operations – launch operations
Figure 23: The space economy value chain - Space operations – ground-based operations
Figure 24: The space economy value chain - Space applications – communications
Figure 25: The space economy value chain - Space applications – navigation
Figure 26: The space economy value chain - Space applications – Earth observation
Figure 27: The space economy value chain - Space applications – research and exploration
Figure 28: The space economy value chain - Space applications – space tourism
Figure 29: The space economy value chain - Space services – regulation
Figure 30: The space economy value chain - Space services – professional services
Figure 31: The space economy value chain - Space services – deep space communications
Figure 32: The space economy value chain - Space services – cybersecurity
Figure 33: Our five-step approach for generating a sector scorecard
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