India
INSIGHT: Rising space nations: 5 high-potential markets to watch
Justin Annibali is chief executive officer and co-founder of Global Space Exchange, a Washington, D.C.-based company that provides market information and analysis of space capabilities and technologies. In this article, Annibali examines key factors for nations planning success in the global space economy.
Government space budgets grow 11% to reach new heights
International government space budgets reached new heights in 2023 with $125 billion spent on space programs, 11% higher than a revised 2022 total of $113 billion.
Q2 2024 Highlights
The space industry is advancing faster than ever before with continual progress in the government, military and private sectors. Here are noteworthy business highlights from this quarter.
SNAPSHOT: Global space economy
The global space economy totaled $546 billion in 2022, 8% higher than 2021 — and it could reach $772 billion by 2027, according to Space Foundation analysis.
2020s is the busiest decade for Moon landings in 50 years
In the span of six months from 2023 to 2024, three countries landed spacecraft on the Moon, and many more are in the works.
SNAPSHOT: New launch vehicles
The launches included successful maiden flights for three new launch vehicles. With a dozen more new launch vehicles expected to debut, 2024 appears poised to be a game-changing year in orbital flight.
Launch Attempts by Country and Category, 2023
The United States launched 11 military missions in the year, including payloads for the National Reconnaissance Office and a new generation of small communications satellites for the Space Development Agency. Russia launched 10 civil government missions in 2023, including Soyuz launches to send crews to the International Space Station, which remains one area of cooperation between the Kremlin and NASA. India made headlines with its successful launch of a lunar probe while the European Space Agency, awaiting its new Ariane-6 launch vehicle, launched three spacecraft including its Euclid space observatory.
Launch Attempts by Select Nations, 2022-2023
The record number of launches came despite delays that pushed the debuts of several long-anticipated launch vehicles into 2024. It was the third consecutive year to shatter launch records, despite a decline in European and Russian launches.
Up to 14 Large Rockets and Tiny Competitors Are Poised for Launch in 2024
Space leaders in 2023 pondered a lack of launch vehicles to lift anticipated swarms of satellites to orbit. But 2024 could bring relief.
Led by Sharp Uptick in Commercial Demand and U.S. Space Launches, All-time Records Topple for Attempts and Successful Space Flights in 2023
In what was the busiest year of the Space Age, 2023 set records with 223 launch attempts and 212 successful launches. A sharp uptick in commercial space launches drove much of the increase, with the highest number of launches coming from the United States.