The Space Industry is the Market of the Future

This report is now available on ASDReports, “Global Space Industry Market and Technology Forecast to 2026”. It encloses an in-depth research of the Space industry market and the competitive landscape globally. A first of its kind report highlights enormous potential of Nanosatellites and re usable launch vehicles. The report sheds light on 4 major technology sectors that is going to dominate the space industry for the next decades.

The space industry is emerging as one of the most lucrative market globally. The global space industry, is valued at US$ 365 billion in 2018, is projected grow at a CAGR of 5.6%, to value US$ 558 billion by 2026. Demand for nano-satellites and re-usable launch vehicle systems is anticipated to be driven by the massive investment made by countries like US, China, Russia and the European Union in the development of next generation satellite systems and the large scale procurement of such systems by countries like Saudi Arabia, India, Japan and South Korea. The United States is the largest spender in the domain with China, European Union, India, Russia, Japan and South Korea anticipated accounting for the bulk of spending.

Key Topics Covered