Space Economy Set to Triple to $1.8 Trillion by 2035, New …
Apr 8, 2024 · The global space economy will be worth $1.8 trillion by 2035, up from $630 billion in 2023 – almost twice the rate of global GDP growth, according to World Economic Forum research.
Space economy | World Economic Forum
Apr 8, 2024 · This report by the World Economic Forum and McKinsey & Company shows that lower costs and improved access to space-enabled technologies such as communications; positioning, navigation and timing; and Earth observation services could take the global space economy to $1.8 trillion by 2035, up from $630 billion in 2023.
Space is booming. Here's how to embrace the $1.8 trillion …
Apr 8, 2024 · By 2035, the space economy is set to reach $1.8 trillion, up from $630 billion in 2023 and averaging a growth rate of 9% per annum – a figure significantly above the growth rate of global GDP.
World Economic Forum Forecasts a $1.8 Trillion Space Economy …
Apr 8, 2024 · The space economy is poised for significant growth over the next decade, expanding from $630 billion in 2023 to a projected $1.8 trillion by 2035 according to a recent report by the World Economic Forum in partnership with McKinsey & Company.
Space: The $1.8 trillion opportunity for global economic growth
Apr 8, 2024 · We estimate that the global space economy will be worth $1.8 trillion by 2035 (accounting for inflation), up from $630 billion in 2023.
Space Economy To Triple To $1.8 Trillion By 2035: World Economic Forum
Apr 8, 2024 · A World Economic Forum (WEF) report released today shows how the global space economy could tackle many of the world's most pressing industry and societal challenges.
The space economy is projected to reach $1.8 trillion by 2035
Jan 24, 2025 · Explore these insights to understand how businesses across sectors can leverage space-based solutions to enhance operations, create new markets, and tackle some of the world's most pressing challenges. Space: The $1.8 trillion opportunity for global economic growth. The case for space. Space: The missing element of your strategy
World Economic Forum Report Paints Bright Future for ... - Via …
Apr 10, 2024 · A new report: ‘Space: The $1.8 Trillion Opportunity for Global Economic Growth’ was developed in partnership between the World Economic Forum and McKinsey & Company. \The report predicts that space will be a key part of the global economy by 2035.
Space Economy of the Future | McKinsey & Company
Mar 22, 2022 · The World Economic Forum–McKinsey knowledge collaboration on space economy of the future looks to accelerate the role of the space ecosystem in driving sustainability, security, and technological development on Earth.
World Economic Forum and McKinsey Report Estimates $1.8 …
May 10, 2024 · A new report by the World Economic Forum (WEF) and McKinsey has estimated that the global space economy will grow from $630 billion in 2023 to $1.8 trillion by 2035 as the economy continues to serve an increasingly connected and mobile world.