1、Governments in spaceA universe of opportunitiesJune 2025By Thibault Werle,Faisal Hamady,Jad Rahbani,Troy Thomas,Marc Nasrallah,and Carla FiloticoContents01 Introduction05 Why do governments invest in the space sector?16 Why can governments take action now?20 What are the key success factors for buil

2、ding a thriving space industry?22 Conclusion1 PUBLICATION TITLEThe space sector has entered a new era of innovation and growth.Over the past six decades,space has played a critical role in science,technology,and innovation.But recent disruptive trends are reshaping the sector.For example,satellite l

3、aunch costs have fallen by 95%over the last 30 years1,and are expected to decrease further.Lower barriers to entry in the sector are creating opportunities for new entrants.Traditional government agencies have been joined by a fast-growing group of private companies and investors launching and manag

4、ing satellites,exploring new economic opportunities,and more.Less traditionally spacefaring countries are also getting involved.Space is a critical sector for humanity and for governments,offering a wide range of economic,social,geopolitical,defense,and environmental benefits.And the influx of priva

5、te players has revitalized the space sector as an engine of national innovation.The space economy,encompassing all economic activities and value creation driven by space-related technologies and systems,is projected to grow from USD 596Bn in 2024 to USD 944Bn by 2033,primarily driven by the expansio

6、n of downstream services(Figure 1)such as satellite communication services or value-added Earth observation services.The space market,referring to the portion of this economy where the space industry operates directly,was valued at USD 224Bn in 2024,with satellite communication(Satcom)and Earth obse