Commercial Space Revenue Grew 6.6% in 2020, according to The Space Report Special Edition
“The Space Report 2021 36th Annual Space Symposium Special Edition” found that the global space economy, which reached $447B in 2020, was 176% greater than in Space Foundation’s first economic analysis in 2005. Nearly 80% of this total in 2020 was commercial revenues.
Other findings from the special edition:
- Infrastructure and Support Industries grew the most, by 16.4%, surpassing $137B
- Products and Services grew 1.2%, accounting for over 60% of commercial space
- More than 1,100 SmallSats launched in 2020, 92% of all spacecraft deployed
The special edition also takes a two-pronged look at recent shifts in small launch vehicle and SmallSat development. In addition to comprising 92% of all spacecraft deployed in 2020, an increase from only 27% a decade ago, SmallSats have more than doubled in average size over the same period. As such, small-lift launchers such as Rocket Lab are developing larger rockets, seeking to court the mega-constellation deployments and hundred-plus satellite rideshares of the past few years.
To learn more about 2021 commercial revenue, SmallSat growth, the lunar economy and nuclear propulsion policy development, subscribe here.