2016

Global Space Activity by Category, 2005-2021

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.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.

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.

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U.S. Space Industry Core Employment, 2011-2021

The United States relies on an integrated space workforce and space industrial base to provide the critical supply chains that support U.S. leadership in space.The United States relies on an integrated space workforce and space industrial base to provide the critical supply chains that support U.S. leadership in space.

Core employment in 5 key space sectors continued to grow in 2021. These employment levels do not reflect all employment in the U.S. space industry, but rather, track employment in key sectors most closely associated with U.S. space employment.

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