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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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Bringing space to earth with data-driven activities

This chapter examines the growing volume and variety of satellite data and signals, and how they affect downstream applications such as weather and climate monitoring, earth observation and satellite positioning, navigation and timing. Trends in big data and digitalisation are also creating new opportunities. Building on advances in analytics and machine learning, innovative ecosystems of start-ups are using satellite data and signals in original ways and developing brand new products and services.

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