Government Space Affairs
Government space program budgets maintained their growth trajectories for a fifth consecutive year and have registered the strongest yearly growth since 2009, reaching $82.5 billion in 2020, a 10% increase over 2019.
The socio-economic benefits from space assets, as well as the rapid development of commercial space markets, has resulted in a growing number of countries investing in space. However, despite this trend, the gap between emerging and mature space powers has grown significantly over the last decade, and threatens to grow even larger in the next, especially as the Covid-19 economic fallout might force emerging countries to re-evaluate, cancel or postpone their space investments in an effort to shore up their public finances.
COVID-19 had no noticeable impact on government space budgets, the pandemic having occurred with budgets largely already decided. It remains to be seen whether governments can sustain these historic budget levels in the future.
Servicing government space agencies for over 30 years
A Sample of Our Consulting Expertise
- • Collaborating on a Satellite Policy with the Mexican Ministry of Communications and Transport
- • Benchmark of R&D support mechanisms in selected European and North American countries
- • Benchmark of space policies and regulations in North America and Europe
- • Support to national procurement of an EO satellite system
- • Support to launcher program
- • Analysis of trends and issues of public private partnerships in the space sector
- • Impact assessment of policies, regulations and industries in the EO domain in Canada, JAXA and the U.S.
- • IAP Assessment Dossier for the 2012 Ministerial Conference and the preparation of phase II
- • Assessment of the Luxembourg space program
- • Benchmark of space policies and programs worldwide
- • Forecast of the European space sector
Related Market Intelligence products
- • Government Space Programs
- • The Space Economy Report
- • Prospects for Space Exploration
- • China Space Industry