This developing space strategy is reflected in growing military space spending by the United States, with the Pentagon more than doubling space budgets from $19.7 billion in 2005 to an estimated $41.4 billion in 2022.
Eight nations have launched lunar missions, but only three have landed on the Moon. In 2022, four missions were partially or fully successful, a tempo last seen in 1969 — the year the first humans stepped foot on the lunar surface.
Space Foundation records show Pentagon space spending has more than doubled since 2005 from $19.7 billion to $41.4 billion
Chart shows military space spending at four-year intervals during President Barack Obama’s two terms, President Donald Trump’s term, and President Joe Biden’s current term.
The Society of Japanese Aerospace Companies reports that the Japanese space sector employed 8,527 individuals in 2020, the most recent year for which data is available. This is a 2.3% decrease from the 2019 total of 8,725 employees. More than 70% of these employees work in the space vehicles sector, which includes launch vehicles, satellites, and the international space station. The remaining employees work on ground facilities and software relevant to space. Slight decreases in employment occurred across all portions of the space sector.
In 2021, despite high-profile insurance claims on numerous satellites. . . Net premiums totaled $537 million, and incurred losses were $362 million.
From Jan. 1 to June 30, the first six months of 2022 saw 75 orbital launch attempts worldwide with 72 successful launches. The launch number was matched only in 1967 and the number of successes broke records.
For this year’s analysis, Space Foundation incorporated historical data and 2022 government spending to project the global space economy’s growth over the next five years. Using our methodology, we predict that the total could reach $639 billion by 2026. Our modeling takes a more conservative approach based on average growth of established sectors and does not factor in developing sectors such as lunar habitation or still exploratory concepts such as asteroid mining.
European space industry workforce by sector; launchers, spacecraft, and ground for 2003 through 2020.
Estimates of the size of the U.S. space workforce are based on statistics made available in the U.S. Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages. This program covers 95% of U.S. jobs and provides a consistent and reliable source of information to compare changes in the workforce over time.