How big is 'the space economy'? Confronted with endless discussions I decided to publish a paper on linkedin to discuss the matter, from an economist perspective. Please read the full paper. The highlights are provided in the thread below. 1/7
linkedin.com/posts/eurospac…
linkedin.com/posts/eurospac…
The space economy in 2020 was about 300 B$ in value. This value is assessed by consolidating the revenues between the upstream and the midstream players, and only considers the measurable value of the induced markets (in the downstream). 2/7
The infrastructure market originates with a demand for space systems supported by a revenue base worth 125B (50+60+15). The demand is supported by two different drives: Public demand with resources worth 110B and commercial initiative worth 15B. 3/7
Public demand is driven by the requirement for a space service (in science, meteo, observation, communications... for civil and military users). An important portion (20 to 30%) of that budget funds R&D within the agencies themselves, but also within the manufacturing sector. 4/7
Commercial initiative is spurred by the existence of a commercial demand for space products, data and services, that justifies the deployment and operations of space infrastructure. This demand is in the order of 15B, of which 12B are for communications services. 5/7
The demand for space infrastructure enables a supply of spacecraft, launchers, launch services, and ground infrastructure provided by the space manufacturing sector (the upstream sector). It is worth 85B, and is unevenly split between launch, spacecraft and ground systems. 6/7
The satellite services are sold by satellite operators for a market value of 15B, and are provided for free by the civil and military agencies. They induce a market for terminals that may be worth 83B worldwide and a market for value added products and services of 84B. 7/7
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