The global space economy continued to expand in 2021 to reach $469 billion. This record high also had the largest growth rate since 2014, growing 9% from a revised 2020 total of $431 billion.
Companies and individuals are using positioning, navigation and timing (PNT), Earth observation (EO), and communication satellite technologies and data to humanity’s benefit. From commercial transportation to natural disaster relief, these products and services are changing, for the better, the way humans . . .
Space products and services developed over the course of decades have altered the way people relate to both their planet and each other. Constellations of satellites orbiting the Earth provide a steady stream of information. Detailed forecasts provided by weather satellites as well as environmental monitoring and resource tracking by Earth observation satellites serve to improve the way humanity understands its surroundings.
Space provides a uniquely valuable vantage from which to track conditions and events on the Earth’s surface. The November 2013 typhoon that decimated the Philippines was tracked from space well before landfall, allowing some citizens to be evacuated and countless others to prepare for the storm.
The Space Report 2006 noted the increasing trend of retail stores delivering advertising content through digital signage. Recent market research has shown that digital signage, or narrowcasting, is becoming increasingly popular and is on a path to sustainable growth.