2018

Launch Services Value by Market, 2017-2021

Commercial space activity refers to efforts undertaken by private industry with little or no government investment. Commercial space revenue in 2021 totaled $362 billion.Commercial space activity refers to efforts undertaken by private industry with little or no government investment. Commercial space revenue in 2021 totaled $362 billion.

There were 145 launch attempts in 2021, 135 of which were fully or partially successful. This is an increase of 27% from 2020, when 114 launch attempts took place. Commercial launches —those carried out for a non-government customer — accounted for 55 attempts, 49 of which were successful.

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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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