Revenues from global commercial space activity in 2018 climbed to their highest level ever and now make up nearly 80 percent of the total global space industry, according to new findings from The Space Report Quarter Three.
The Space Foundation published the third-quarter 2019 issue of The Space Report and shared other key findings:
- Global commercial space activity in 2018 reached $328.86 billion, a 6.6 percent improvement over 2017.
- Space products and services, a sector of commercial space revenue, totaled $229.17 billion, an 8.4 percent gain over 2017.
- Commercial space infrastructure and support industries, the other main sector, experienced a more-modest 2.6 percent yearly revenue increase, but still edged closer to the milestone $100 billion mark with annual revenue of $99.69 billion.
From 2005 to 2018, according to The Space Report, commercial space revenue more than doubled, growing 162 percent.