"Downstream applications are the main driver behind the projected $348 billion growth over the next decade," said Lucas Pleney, Novaspace senior consultant and lead author of the report. "Satellite-enabled services, such as navigation, Earth observation, and communications, are becoming increasingly integral across diverse industries, including agriculture, logistics, and urban planning."
The global space economy is on a trillion-dollar trajectory by 2033, with significant growth predicted in 'downstream applications' driving the market from $596 billion in 2024 to $944 billion.
#space-economy #downstream-applications #satellite-services #commercial-growth #emerging-technologies
Collection
[
|
...
]