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Space Economy Estimated to be $464 billion in 2022 – Euroconsult Report Overview

Euroconsult estimates that the global space market grew by 8% last year and is expected to reach over $737B within a decade.

The majority of the sector's value (83%) is in space-based end-user applications, an area of the covering telecommunications, and companies utilizing satellite navigation to deliver services to their customers.

Euroconsult estimates that the “core” – organisations that make or own space assets – will grow from $70B in 2022 to $100B by 2031 with segments such as , and the ground segment driving this growth.

Euroconsult reports that investments recorded in the last year have decreased by more than 10% when compared to 2021. They also report that industry investors are now focusing on cash-generating companies or early start-ups that require low levels of capital rather than higher risk investments into pre-revenue enterprises that occurred regularly in the preceding years. This has led to a slowdown of new investment into the sector with the average investment value dropping between 2021 and 2022 from $71M to $33M.

Overview of Global Space Economy in 2022

Source: Euroconsult press release



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