Space Economy: Strategic Intelligence

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Published: May 15, 2025 Report Code: GDTMT-TR-S620-TH

Report Overview
Key Players
Table of Contents

Space launches used to be rare, memorable events of global significance. Today, the launch of rockets carrying multiple satellites into orbit is increasingly commonplace. SpaceX alone launched 138 rockets in 2024.
GlobalData estimates the space economy market was worth $421.0 billion in 2024 and will reach $511.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 4% over the five-year period.

Scope

The space economy can be broadly defined as the full range of activities that create value and benefits for humans while exploring, researching, understanding, managing, and using space. Space is an extensive industry, and a vast number of companies are helping drive this new economy. From equipment manufacturers to space operations, applications, and services, these comprise many of the world’s most technologically advanced and innovative organizations.

Key Highlights

Space is no longer the sole domain of governments and incumbent aerospace and defense companies. Technological advances in manufacturing, propulsion, and the launch of rockets have made it much easier and less expensive to venture into space. Those businesses that pursued emerging opportunities have gained a first-mover advantage. SpaceX was the first private company to launch a spacecraft into orbit and return it safely to Earth. Today, it charges clients $69.5 million per launch of the Falcon 9, its partially reusable medium-lift launch vehicle.

The sector has become incredibly competitive, with various start-ups developing similar concepts for cost-effective rockets and satellites to rival the aerospace giants. The large satellite groups continue to consolidate to compete with Starlink and the future Amazon Kuiper mega-constellations. Eutelsat and OneWeb merged in 2022, Viasat acquired Inmarsat in 2023, and SES acquired Intelsat in 2024. This market consolidation will continue.

Reasons to Buy

Understand the impact of the space economy theme. Access the latest data on the space economy theme across all sectors. Identify the leading technological advancements increasing investment into the space economy theme. Understand what leading players are doing in the space economy theme.

AAC Clyde Space
Aalyria
Aerospace Corporation
Airbus
Allianz
Altius Space Machines
Amazon
ArianeGroup
Arturo.AI
Astra
Astranis
Astroforge
Astroscale
ATLAS
Atomos
Atrium
Avio
Axiom Space
Axipeter
BlackSky
Blue Orbit
Blue Origin
Boeing
Booz Allen
CACI
Canopius
CAPE Analytics
Capella Space
CAS Space
CASC
C-COM
China Starwin
ClearSpace
ClimateX
CNSA
Cobham
Comtec
Comtech EF Data
Contec
Copernicus
CyberOps
DARPA
Descartes Labs
DLA Piper
Energia
EOS Data Analytics
ESA
European Center for Space Law
Exolaunch
Exotrail
ExpanseInsure
EY
FAA
Fairmont
FCC
FieldFisher
Firefly Aerospace
GAIT Global
Galactic Energy
GalaxySpace
Gallagher
General Dynamics
Geospatial Insight
Gilat
Global Konet
Global Space Consulting
GOMspace
Groundcom.space
Hanwha Phasor
Hexagon
HFW
Hogan Lovells
Hon Hai
Hughes
Imfostellar
Impulse Space
Infostellar
Inmarsat
Intellion
Intelsat
Invictus
Iridium Communications
Isar Aerospace
Isotropic Systems
iSpace
ISRO
Jones Walker
KARI
Kongsberg (KSAT)
KPMG
Kymeta
L3Harris Technologies
LandSpace
Leaf Space
Leonardo
Lockheed Martin
Maana Electric
Marsh
Maxar Technologies
McKinsey
MDA
MDA (Canada)
Microsoft
Millbank
Moog
Munich Re
Nanoracks
Narda Miteq
NASA
NearSpace Launch
Northrop Grumman
OBH
Obruta
OneWeb
Orbex
Orbital Insights
PA Consulting
Parker Hannifin
Planet Labs
Preligens
Priamos
Reaction Engines
Redwire
Relativity Space
Rezatec
RHEA Group
Rikei
Rivada Space
Rocket Factory Augsburg (RFA)
Rocket Lab
Roscosmos
RTX
Safran
Satcube
Satellogic
SEAKR Engineering
SES
Sierra Nevada
Sierra Nevada (Sierra Space)
Skyrora
Skywatch
Space Pioneer
Spaceflight
SpaceKnow
SpaceLink
SpaceTec Partners
SpaceX
Spire Global
ST Engineering
Swift Geospatial
Synspecctive
Synspective
Taranis
Telesat Communications
Telespazio
TerraMonitor
Tethers Unlimited
Thales Alenia Space
Thales Group
The Exploration Company
ThinKom
ThrustMe
TransAstra
Trimble
United Launch Alliance
US Air Force
Viasat
Virgin Galactic
XingWang

Executive Summary

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Industry Analysis

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