Directorate for Science, Technology and Innovation
The Space Economy at a Glance 2014
The space sector plays an increasingly pivotal role in the functioning of modern societies
and their economic development as the use of satellite technology gives rise to new
applications, uses and markets. Space Economy at a Glance offers a statistical overview
of the global space sector and its contributions to economic activity using data from
over 40 countries with space programmes, and identifies new dynamics in the space
Countries with long-established space programmes face growing challenges as lower costs and technological advances draw more countries and companies into the sector and give rise to a burgeoning commercial space industry.
The Space Economy at a Glance 2014 shows that while space budgets in the 34 OECD countries totalled USD 50.8 billion in 2013, down from USD 52.3 billion in 2008, the combined space budget of the BRICs (Brazil, Russia, India and China) swelled to USD 24.0 billion from USD 16.5 billion over the same period. Supply chains for spacecraft, launchers and parts are increasingly globalised, IT companies are becoming satellite operators and rapid growth in small satellite launches will mean more commercialisation of earth observation data.
This will increase the opportunities for start-ups and emerging economies to get into the space sector, but it means governments should keep up their spending on space R&D, which can yield big returns in the form of new technologies, and invest in industry niches where they can be competitive in this new space race.