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Euroconsult research values Space economy at $385 billion in 2020, commercial Space revenues totalling over $310 billion – Geospatial World

In its latest research product “The Space Economy Report 2020″, Euroconsult estimates that the consolidated space economy, including both government space investments,…

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In its latest research product The Space Economy Report 2020″, Euroconsult estimates that the consolidated space economy, including both government space investments, as well as commercial space, totaled $385 billion in 2020, a record amount. Commercial revenues of $315 billion in 2020 were down 2% from 2019s $319 billion evaluation, due partially to the Covid-19 pandemic affecting certain commercial markets – in particular, satellite communication sub-segments focused on high mobility such as aero,…

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