2019

Midyear launches by select nations, 2014-2024

China led its global rivals with seven military launches, one more than the United States. China’s launches included fielding a new series of high-resolution spy satellites, according to state-controlled media.8 Russia and Japan each launched two military missions, while North Korea and Japan had a single mission each. The United States led the world in civil government space launches of the first half of the year, with a dozen launches.

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Midyear launch trends, 2014-2024

Global launches through June 30 were up nearly 30% from 2023, easily eclipsing last year’s record 97 first half launches with 126. Launch failures also fell in the first half of 2024 despite the higher launch activity.

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Launch value by market, 2019-2023

The market value of uncrewed commercial launches conducted in 2023 was $3.9 billion. This is an increase of 35% compared to the $2.9 billion in revenue in 2022, driven largely by the accelerating deployment of the Starlink constellation.

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Top three commercial space sectors, 2019-2023

Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.

Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.

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NASA commercial contracts awarded, 2016-2023

Through the CLPS initiative, NASA is working with 14 American companies to provide payload integration to, and surface operations on, the Moon. The initiative holds a cumulative maximum contract value of $2.6 billion through 2028.

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Global space activity by category, 2005-2023

Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.

Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.

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