2018

Spacecraft 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.

Commercial spacecraft manufacturing revenue was estimated to be $4.3 billion in 2021, an increase of 6% over the estimated $4 billion in revenue in 2020. The growth from 2020 to 2021 reflects the increase in the number of payloads launched, while also recognizing efficiencies and cost-savings achieved by companies utilizing small satellite technology and mass manufacturing techniques.

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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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