What Are The Fortune Tellers Saying About The Global Space Economy?

The Space Economy is often referred to using a variety of different terminologies, e.g. Commercial Space, Space Sector, Space Market, Space Ecosystem, Space Industry. This article will use the term Space Economy.

The Space Economy forecasts provided below are from a wide variety of fortune tellers in government, commercial, and not for profit organizations.

Note that, while there are lots of estimates and forecasts available, it is difficult to compare Space Economy forecasts between organizations because each organization uses a different methodology. Moreover, differing methodologies are not the only problem, other issues include: the usage of different years, e.g. calendar year, fiscal year; currency exchange rates; inflation rates; and what the dollar amount stands for, e.g. contribution to GDP, revenue, market capitalization.

At the international level, Australia, Canada, United States, New Zealand, and United Kingdom have all stated their intention to align with the best practices laid out by the OECD Handbook on Measuring the Space Economy.

LEGEND: In the following tables, future estimates are indicated by an “e” suffix behind the year (e.g. 2030e). Actual estimates have no suffix behind the year (e.g. 2019).

Global Space Economy Size Estimates

Year

2040e

2040e

2040e

2040e

2040e

2040e

2035e

2030e

2030e

2030e

2030e

2026e

2025e

2021e

2021

2021

2021

2021

2020

2020

2020 revised

2020

2020

2019

2018

2018

2018

2017

2016

2016

2016

2016

2013

2013

2013

Size USD

$3 trillion

$2.7 trillion

$1.5 trillion

$1 trillion

$1 trillion

$926 billion

$798 billion

$10 trillion

$1.25 trillion

$642 billion

$600 billion

$540.75 billion

$459 billion

$4.5 trillion

$469 billion

$386 billion

$385 billion

$370 billion

$388.5 billion

$371 billion

$431 billion

$447 billion

$371 billion

$366 billion

$360 billion

$414.75 billion

$350 billion

$385 billion

$345 billion

$339.1 billion

$329.3 billion

$167 billion

$320 billion

$314.2 billion

$155.7 billion

National and Regional Space Economy Sizes

Recognizing the strategic importance of the Space Economy to future economic growth, some countries and regions have developed estimates and forecasts of their Space Economy to support policy making.

Year

2030e

2021

2020/2021

2018

Size

US$27.3 billion

US$4.6 billion

US$2.77 billion

US$1.8 billion

Region

Europe

Year

2020

Size

€7.7 billion

Country

India

Year

2018/19

Size

US$7 billion

Country

Australia

Year

2018/19

Size

AU$4.8 billion

Country

New Zealand

Year

2018/19

Size

NZ$1.75 billion

Country

Japan

Japan

Year

2050e

2021

Size

NZ$57 billion

NZ$1.75 billion

Country

Canada

Canada

Canada

Year

2019

2018

2017

Size CDN (1)

$5.5 billion

$5.7 billion

$5.6 billion

Year

2019

2018

2017

2016

2015

2014

2013

2012

Size USD (1)

$195 billion

$192 billion

$190 billion

$190 billion

$191 billion

$184 billion

$182 billion

$175 billion

Year (2)

2020/21e

2019/20

2018/19

2017/18

2016/17

2015/16

2014/15

2013/14

2012/13

2011/12

Size GBP (3)

£16.372 billion

£16.528 billion

£16.821 billion

£15.898 billion

£15.864 billion

£15.178 billion

£14.873 billion

£14.64 billion

£13.297 billion

£12.77 billion

(1) Current dollars, not adjusted for inflation

(2) Government fiscal year April 6 to April 5

(3) All amounts are in 2019/20 prices


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