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Government Space Programs: Benchmarks, Profiles & Forecasts to 2028 Maximize

Government Space Programs: Benchmarks, Profiles & Forecasts to 2028

Government Space Programs: Benchmarks, Profiles & Forecasts to 2028 | Published July 2019

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Government Space Programs is a comprehensive assessment covering countries investing today or tomorrow in space as well as all applications they may undertake. Various sources of information are collected by Euroconsult on government space programs and budgets from government agencies’ primary information, public sources, and estimates. This information is harmonized and processed to form a coherent set of data presented in this report.

Global government space budgets are in the early stages of a ten-year growth cycle with total world expenditures reaching $70.9 billion in 2018, and forecasted to grow to $84.6 billion by 2025. The report, which is trusted by hundreds of organizations around the world, provides important detail on how much investment is expected by region with profiles of space programs in 86 countries. It includes analysis of seven different application areas for each country including Earth observation, satellite navigation, space science and exploration, space security, communications, launch vehicles and manned spaceflight.

According to the research, the U.S. government continues to be the world’s largest investor in space programs, with China, Russia, France and Japan following in that order. The U.S. budget for space in 2018 totaled $40.9 billion, 58 percent of the world market, down from 75 percent of the world market in the early 2000s. China solidified its second-place ranking, with an estimated $5.83 billion budget, as it looks to commercialize and internationalize its space sector. Russia’s budget has decreased from its highs in 2013 and France tops European national spending and has overtaken Japan with the fourth-largest government space budget in 2018.

Among other interesting findings, the research shows that growth drivers are reversing from the recent past, with defense budgets now expected to outpace civil budget expansion. The report shows that civil budgets worldwide will grow moderately at an average of 1.6 percent per year throughout the 2020s, driven largely by leading powers investing in science, exploration and manned flight. However, short-term budget growth will be fueled by defense programs in the U.S., Asia and the Middle East with an average of 4.2 percent annual increases until the mid-2020s.

Two records were broken in 2018, with more government satellites launched than ever before and more governments launching satellites. Going forward, the report estimates an average of 150 government satellites will be launched each year for the next decade.

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