- Parabolic Arc
- September 26, 2023
Global Space Economy Grew 9 Percent to $330 Billion Last Year
COLORADO SPRINGS, Colo., July 7, 2015 (Space Foundation PR) – The Space Foundation today released the findings of its publication The Space Report 2015: The Authoritative Guide to Global Space Activity.
In 2014, the global space economy grew slightly more than 9 percent, reaching a total of $330 billion worldwide, up from 2013’s $302.5 billion. Together, commercial space activities made up 76 percent of the global space economy. The industry as a whole demonstrated a compound annual growth rate (CAGR) of seven percent from 2005 to 2014, nearly doubling in size over the course of the decade.
U.S. government space spending went up slightly, 2.9 percent, from 2013 to 2014. The U.S. devoted 1.2 percent of the government’s national budget to space in 2014. During that year, U.S. government space spending made up more than half of what all governments around the world spent on space. Space expenditures by governments other than the U.S. grew 12.9 percent in 2014, in spite of decreases in budgets of international cooperative efforts such as the European Space Agency.
The Space Report Key Findings
The report contains worldwide space facts and figures and is illustrated with photographs, charts and graphs. Within are myriad examples of the benefits of space exploration and utilization, the challenges facing the space sector, the opportunities for future growth and the major factors that shape the industry. In addition, The Space Report includes an overview of each sector, easy-to-understand definitions and up-to-date information on space infrastructure, facilities, launches and programs.
In 2014, global navigation satellite system receivers, such as the ones integrated with smartphone microchips, were the primary driver behind a nearly 18 percent increase in revenue for commercial space infrastructure and support industries. More than 3 billion mobile devices receive signals, not only from U.S. GPS satellites, but also from the Russian GLONASS and a variety of satellite-based augmentation systems. About 2.8 billion location-based application services were downloaded to these mobile devices during 2014.
The overall value of satellites launched in 2014 decreased by 13.6 percent from 2013, partly driven by decreases in the number of high-value military satellite launches.
Launches and Satellites
There were 23 orbital space launch vehicles launched from the U.S. in 2014, four more than were launched in 2013. Europe launched 11 rockets, a 57 percent increase from the seven launched in 2013. Russia still conducts more launches than any other country, although its 2014 tally of 32 was the same as in 2013. The total number of space vehicle launches worldwide was 92, including two failures.
The number of satellites launched during 2014 increased 38 percent from the number of satellites launched in 2013. Nearly 80 percent of launched satellites were to be inserted in low Earth orbit (LEO), and 46 percent of all satellites launched in 2014 weighed less than 10 kilograms (22 pounds). In one instance, a Russian Dnepr rocket deployed 37 satellites in a single launch. In 2014, 35 percent of the total satellites successfully launched and deployed were for Earth observation and remote sensing missions.
The number of people employed in the civilian U.S. space workforce continued to decline in 2013, the latest full year for which data is available, with an estimated loss of nearly 6,000 employees. From 2006 to 2013, the U.S. space workforce declined about 14 percent, losing nearly 40,000 space specialists. Preliminary data for 2014 does not indicate the decline has reversed yet.
Wages for those remaining in the U.S. space industry remain high. The average annual salary was $108,000 for a U.S. civilian space employee in 2013. Employees working in the guided missile and space vehicle manufacturing sector averaged the highest salary of nearly $120,000. The average age of an employee working in the aerospace and defense industry continues to climb, reaching slightly over 46 years of age.
NASA started fiscal year (FY) 2015 with 17,731 employees, losing slightly over 1,000 people since FY 2011. The retirement or cancellation of several major programs during that period corresponds with the losses. In FY15, 17.6 percent of NASA’s workforce was eligible for retirement, and 15 percent of NASA’s employees were under 35 years old.
Europe’s space workforce continued to grow, having added 7,600 employees since 2005. Six of Europe’s countries account for 90 percent of Europe’s space workforce, with France, Germany and Spain experiencing growth, while others declined.
About the Report
The Space Report is published annually by the Space Foundation, using in-house industry analysts working with a European aerospace consulting firm, Eurospace, to research and analyze government and industry trends in space activity.
About the Website
Beginning in September 2015, the Space Foundation will offer an online service that will provide subscribers with access to all the research conducted for The Space Report dating back to 2005, as well as new data sets that have never appeared in the report. This website will provide users with updates throughout the year, customizable chart and downloadable data for further analysis. To view more information about this new service, visit www.TheSpaceReport.org.
The Space Report 2015 is on Sale Now
The Space Report is the definitive body of information about the global space industry. It is a valuable resource for government and business leaders, educators, financial analysts, students and space-related businesses. The report can be purchased as a downloadable PDF for $399. A website subscription can be purchased for $3,500. The subscription includes the ability to download every published edition of The Space Report. Purchases can be made online at www.TheSpaceReport.org.
Licenses for businesses and schools, academic pricing and discounted previous editions of The Space Report are also available via online purchase.
About the Space Foundation
Founded in 1983, the Space Foundation is the foremost advocate for all sectors of space, and is a global, nonprofit leader in space awareness activities, educational programs and major industry events, including the annual Space Symposium, in support of its mission “to advance space-related endeavors to inspire, enable and propel humanity.” Space Foundation World Headquarters in Colorado Springs, Colo., USA, has a public Discovery Center, including El Pomar Space Gallery, Northrop Grumman Science Center featuring Science On a Sphere® and the Lockheed Martin Space Education Center. The Space Foundation has a field office in Houston and conducts government affairs from its Washington, D.C., office. It annually publishes The Space Report: The Authoritative Guide to Global Space Activity, and through its Space CertificationTM and Space Technology Hall of Fame® programs, recognizes space-based innovations that have been adapted to improve life on Earth. Visit www.SpaceFoundation.org, follow us on Facebook, Instagram, LinkedIn, Pinterest, Twitter, Google+, Flickr and YouTube, and read our e-newsletter Space Watch.