2021

Space Insurance Industry Estimates, 2002-2022

Operating in the space sector involves risks. Space launch is complex and launch failures are possible, even for well-established vehicles. New vehicles typically carry even greater risk. Once spacecraft successfully reach orbit, issues may arise due to factors such as space weather, space debris and a crowded orbital environment. To deal with these risks, many companies in the space sector invest in space insurance. As of 2023, there were about 25 direct space insurance companies worldwide.Operating in the space sector involves risks. Space launch is complex and launch failures are possible, even for well-established vehicles. New vehicles typically carry even greater risk. Once spacecraft successfully reach orbit, issues may arise due to factors such as space weather, space debris and a crowded orbital environment. To deal with these risks, many companies in the space sector invest in space insurance. As of 2023, there were about 25 direct space insurance companies worldwide.

Operating in the space sector involves risks. Space launch is complex and launch failures are possible, even for well-established vehicles. New vehicles typically carry even greater risk. Once spacecraft successfully reach orbit, issues may arise due to factors such as space weather, space debris and a crowded orbital environment. To deal with these risks, many companies in the space sector invest in space insurance. As of 2023, there were about 25 direct space insurance companies worldwide.

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Launch Services Value by Market, 2018-2022

There were 186 launch attempts in 2022, up 28% from 145 attempts in 2021. Of these launches, 179 were successful. Commercial launches, defined as launches carried out for a non-government customer, accounted for 81 of the attempts and 79 of the successes in 2022. This is a significant increase from the 55 commercial launch attempts in 2021.1 The total market value of launches in 2022 was $13.2 billion, based on analysis by Eurospace, the trade association of the European Space Industry.There were 186 launch attempts in 2022, up 28% from 145 attempts in 2021. Of these launches, 179 were successful. Commercial launches, defined as launches carried out for a non-government customer, accounted for 81 of the attempts and 79 of the successes in 2022. This is a significant increase from the 55 commercial launch attempts in 2021.1 The total market value of launches in 2022 was $13.2 billion, based on analysis by Eurospace, the trade association of the European Space Industry.

There were 186 launch attempts in 2022, up 28% from 145 attempts in 2021. Of these launches, 179 were successful. Commercial launches, defined as launches carried out for a non-government customer, accounted for 81 of the attempts and 79 of the successes in 2022. This is a significant increase from the 55 commercial launch attempts in 2021.1 The total market value of launches in 2022 was $13.2 billion, based on analysis by Eurospace, the trade association of the European Space Industry.

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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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U.S. Space Employment Continues Slow, Steady Climb Since 2016

In 2022, more than 201,009 individuals worked in key sectors of the U.S. space economy, an increase of approximately 1% from 2021. Understanding trends in private sector and government space employment can provide insight into the health and future direction of the U.S. space industry.In 2022, more than 201,009 individuals worked in key sectors of the U.S. space economy, an increase of approximately 1% from 2021. Understanding trends in private sector and government space employment can provide insight into the health and future direction of the U.S. space industry.

In 2022, more than 201,009 individuals worked in key sectors of the U.S. space economy, an increase of approximately 1% from 2021. Understanding trends in private sector and government space employment can provide insight into the health and future direction of the U.S. space industry.

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NASA Civil Servant Workforce, FY 2013-2023

In 2022, NASA was named the best place to work in the federal government among large agencies for the 10th year in a row. NASA attributed this “decade of excellence” to the agency’s continuing dedication to supporting and strengthening its workforce.

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