RecorD Investment Growth
Europe and China now account for 50% of global space investment, as the U.S. share drops below half for the first time since 2019.
European space investment surged 56% in 2024, with security-focused ventures driving a record 40% of activity.
Public funding remains critical, with 80% of European space investment involving public or mixed consortia, compared to 80% private-led funding in the U.S.
Future Outlook
Space industry growth rate expected to nearly double global GDP.
Satellite launch rates have increased by 50%, while launch costs have fallen tenfold over the past decade.
Investor confidence is shifting towards early-stage ventures, signalling strong sector momentum.
Industry Reports
Global space economy projected to reach $1.8 trillion by 2035.
Geospatial intelligence has become the leading investment focus, surpassing satellite communications.
Earth Observation market set to exceed $8 billion by 2033, driven by defence and high-resolution imaging.
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Space technology for sustainability on earth.
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The Space Opportunity
What is driving growth in the space sector?
Recent reports project that the global space economy will grow to $1.8 trillion by 2035. One of the most significant trends is the rise of geospatial intelligence investment, now surpassing satellite communications as the sector’s top priority. Geospatial intelligence is becoming essential foragriculture, urban planning, and climate monitoring. In parallel, the Earth Observation market is expanding rapidly, forecast to exceed $8 billion by 2033, driven by defence demand and the availability of high-resolution satellite imaging.
What are the key trends shaping the space industry?
Recent reports project that the global space economy will grow to $1.8 trillion by 2035. One of the most significant trends is the rise of geospatial intelligence investment, now surpassing satellite communications as the sector’s top priority. Geospatial intelligence is becoming essential foragriculture, urban planning, and climate monitoring. In parallel, the Earth Observation market is expanding rapidly, forecast to exceed $8 billion by 2033, driven by defence demand and the availability of high-resolution satellite imaging.
What is the future outlook for the space industry?
The future of the space industry looks strong, with growth expected to nearly double the rate of global GDP. Over the past decade, satellite launch trends have shown a 50% increase in launch rates, while space launch costs have fallen tenfold, making space technology more accessible than ever. Investor confidence is also shifting towards early-stage space ventures, signalling robust long-term growth and continued momentum in the global space sector.