Report: Space economy worth $368bn
July 19, 2022
By Chris Forrester
Virginia-based Bryce Tech, in its latest State of the Satellite Industry Report, says that the overall global space economy was worth $368 billion (€359.4bn) at the end of 2021. The launch industry itself, while valuable, is said by Bryce to be valued at just $5.7 billion, while consumer-based satellite services are worth over $118 billion.
US Consumer-based services, including DTH, satellite radio and satellite-based end-user broadband revenues, is worth $45.2 billion and the rest of the world is worth $72.8 billion. What Bryce describe as ‘Enterprise’ services, including transponder agreements, managed services over satellite FSS bands, and mobile voice and data as being worth $17.2 billion.
Ground equipment, including consumer satellite dishes and related equipment, is worth $17.3 billion. The building of satellites is stated as being worth $13.7 billion in terms of revenues.
The launch industry is worth an overall $5.7 billion and is split into a 36 per cent share for the US at $2 billion and $3.7 billion for non-US commercial launches and an overall 113 commercially procured launches.