Posted 4/8/2024, 12:00:00 AM
Space Economy Set to Triple in Size by 2035, Driving Economic Growth and Global Innovation
- The global space economy is projected to reach $1.8 trillion by 2035, up from $630 billion in 2023
- Growth will be driven by satellite connectivity, navigation services, AI/ML insights
- Space technology provides indirect revenue opportunities across industries like transportation and food/beverage
- Space innovations can help solve major global challenges such as climate change
- The report explores the size of the future space economy and how space can drive economic growth and change the world
