Space Foundation records show Pentagon space spending has more than doubled since 2005 from $19.7 billion to $41.4 billion
The U.S. space sector is composed of more than 198,500 individuals across private sector and government organizations. Private sector space employment continued a trend of growth that began in 2016, adding approximately 3,000 new workers from 2020 to 2021 to reach 151,797 individuals. Space manufacturing led this growth, offsetting a slight decrease in the size of the satellite telecommunications workforce.
India’s Department of Space had 16,786 employees as of October 2021, a decrease of 1.8% from the previous year. India’s Department of Space had 16,786 employees as of October 2021, a decrease of 1.8% from the previous year. About 75% of the workforce is composed of science and technology workers, while the remainder focus on administration.
The Japan Aerospace Exploration Agency (JAXA) employed 1,583 people at the end of 2021, an increase of 1.6% from 1,558 employees at the end of 2020. Approximately 70% of JAXA employees work in engineering and research, with the remainder focused on education and administration. JAXA does not face the same demographic challenges as some other space agencies: 22.0% of its workforce is under 35 years old and 17.9% is over 54.
The Society of Japanese Aerospace Companies reports that the Japanese space sector employed 8,527 individuals in 2020, the most recent year for which data is available. This is a 2.3% decrease from the 2019 total of 8,725 employees. More than 70% of these employees work in the space vehicles sector, which includes launch vehicles, satellites, and the international space station. The remaining employees work on ground facilities and software relevant to space. Slight decreases in employment occurred across all portions of the space sector.
In 2021, despite high-profile insurance claims on numerous satellites. . . Net premiums totaled $537 million, and incurred losses were $362 million.
From Jan. 1 to June 30, the first six months of 2022 saw 75 orbital launch attempts worldwide with 72 successful launches. The launch number was matched only in 1967 and the number of successes broke records.
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.
A three-year look at revenue derived from Earth-observing satellites.
Space sector categories associated with space vehicle manufacturing all experienced growth in real wages from 2015 to 2020. Combined with increased hiring, this suggests that there is a high demand for individuals in these positions.