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.
European space industry workforce by sector; launchers, spacecraft, and ground for 2003 through 2020.
Estimates of the size of the U.S. space workforce are based on statistics made available in the U.S. Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages. This program covers 95% of U.S. jobs and provides a consistent and reliable source of information to compare changes in the workforce over time.
Commercial Infrastructure and Support Industries, 2005-2020 Specifically amounts in Billions of U.S. dollars for commercial satellite manufacturing, and launch industry, as well as ground stations and equipment.
NASA’s civil service workforce has grown gradually in recent years, contributing to an increase in U.S. space employment.
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.