Notably, military space spending in 2020, estimated at US$31.4 billion, constituted the smallest share of global government space spending in a decade – only 35%. This figure marks a reduction from 2019, wherein the $34.6 billion spent globally constituted 38% of government space spending. U.S. military space spending increased by 6.1% in 2020, reaching a new height of $26.6 billion and comprising more than 80% of global military space spending for the first time since 2011.
The industry has been growing steadily since 2016, with employment increasing 15.4% over the last four years. These preliminary results suggest that the space industry has been relatively resilient to the effects of the global pandemic.
Non-U.S. military space was funded at less than half the level it had been in 2019, according to a country-level analysis of six nations spread across four continents: Argentina, Brazil, France, Germany, Japan, and Nigeria. This drop in investment suggests that, for many countries, military space takes a back seat to civil space ambitions and emergency relief for terrestrial disasters such as the coronavirus for many countries.
Why might we be seeing this shift towards small vehicles? Average payload deployment per successful launch, a reflection of growing ridesharing among spacecraft operators, reached a height of nearly 11 payloads per launch in 2020. This figure is 2.5 times higher than the previous year and 7 times higher than a decade ago.
Japanese Space Industry Employment by Sector 2007-2019
An annual budget for the Japan Aerospace Exploration Agency (JAXA). This chart spans 2004 through 2021 including the initial budget as well as the supplemental budget.
Launch services value by market 2013 through 2017. Launch services include four categories of markets Commercial, Civil Government, Human Flight, and Military.
The global space industry continued to grow in 2015, although currency fluctuations caused the appearance of a slight decline . . .
Space infrastructure is a fundamental prerequisite for all activities that make use of space. It comprises all the hardware, software, and operators responsible for creating and supporting the construction, launch, and deployment of spacecraft.