2027

Active and decommissioned Norwegian satellites, 2008-2027

In its business strategy published in April, the agency emphasized the need to use space in sustainable ways to better society. Beyond government agency activities, many public universities in Norway are pursuing space research and developing their own satellites.In its business strategy published in April, the agency emphasized the need to use space in sustainable ways to better society. Beyond government agency activities, many public universities in Norway are pursuing space research and developing their own satellites.

In its business strategy published in April, the agency emphasized the need to use space in sustainable ways to better society. Beyond government agency activities, many public universities in Norway are pursuing space research and developing their own satellites.

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Global space activity by category, 2007-2027

Global space activity by category, 2007-2027Global space activity by category, 2007-2027

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. Commercial space continues to make up the majority (78%) of this total, but preliminary data shows that 81% of governments with space programs increased spending in 2023.

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Global Space Activity by Category, 2007-2027

Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.

Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.

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