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Government Space Programs Report 2017: Benchmarks, Profiles & Forecasts to 2026 - Global Spending to Grow to an Estimated $79 Billion

Dublin, July 24, 2017 (GLOBE NEWSWIRE) -- The "Government Space Programs: Benchmarks, Profiles & Forecasts to 2026" report has been added to Research and Markets' offering.

The report forecasts global spending to grow to an estimated $79 billion invested annually in government space programs by 2026.

Profiles of Government Space Programs: Benchmarks, Profiles & Forecasts to 2026 provides an extensive view of the economics of government space programs with 1) a strategic outlook containing global trends, forecasts and benchmarks by countries, regions and applications, 2) a detailed application review of current and future trends globally, by countries, and by region, and 3) detailed profiles of the top 15 space programs.

Highlights from the report:

  • Global space budgets totaled $62.2 billion in 2016, down 2% from the previous year. Governments launched 75 satellites in 2016, less than the historical peak of 2015 but in line with the last five year average.
  • 2017 should mark a turning point with budgets recovering growth after five years of erosion. The last few years were marked by opposing trends between countries boosting their spending and those forced to apply cost-cutting measures. Most countries, especially the leading ones, should converge into a new investment cycle that should drive up investments in space programs globally for the coming years.
  • The number of countries investing in space is steadily increasing, with 70 countries in 2016, up from 47 a decade ago. In the coming years over 80 countries are planning to invest in space technologies and capabilities, showing that governments consider space a valuable investment to support their national socio-economic, strategic and technological development.
  • Along with a strategic outlook containing global trends and detailed profiles of top space programs, the report assesses current and future trends for each major space application.

Key Findings of the Report include:

  • Civil programs account for a growing proportion of global expenditures (65%). Defense and civil expenditures were almost on par at the end of the last decade
  • The US, by far the world's largest space spender with %35.9 billion estimated in 2016, has started to reverse the budget slide initiated in 2010 from which it lost 25% of its investment
  • China overtook Russia in 2016 as the second largest space program at an estimated RMB 32.6 billion ($4.9 billion), growing at 11% CAGR in local currency
  • After 15 years of continuous and strong growth, Russian investment in space dropped sharply in 2016, due to budget cuts, down by 20% in local currency (?213 billion, $3.2 billion)
  • Another four countries plus the EU invest over $1 billion in their space programs: Japan, France, Germany and India
  • Manned spaceflight is the largest expenditure with $11.4 billion invested. The development of next-generation orbital infrastructures and future space exploration missions will support growing investment in the domain. Earth observation, at $10.9 billion, is the second-highest spending area with 58 countries investing, the highest of any application. Launchers come third at $6 billion as Asia posts strong growth, with China equalling US orbital launches in 2016

Report Features:

  • Strategic outlook containing global trends, forecasts and benchmarks by countries, regions and applications
  • Detailed application review of current & future trends globally, by countries, and by regions
  • Detailed profiles of the top 15 space programs
  • Extensive PDF & Excel files with thousands of data points

Key Trends, Drivers & Forecasts:

Seven applications analyzed in detail:

  • Manned spaceflight
  • Earth observation
  • Launchers
  • Satellite communications
  • Satellite navigation
  • Space science & exploration
  • Space security
  • Civil & defense organizations, assessed both jointly and separately

Detailed profiles of the top 15 space programs, each including:

  • Policy & strategic objectives
  • Space expenditures
  • Civil space programs
  • Defense & security space programs
  • Key figures
  • Missions road map
  • Two time periods of reference: 2007-2016 for historical trends and 2017-2026 for forecasts

Who will Benefit from this Report:

  • Administrators & Space Agencies
  • Satellite & Equipment Manufacturers
  • Satellite Operators
  • Launch Service Providers
  • Investors & Financial Institutions

For more information about this report visit https://www.researchandmarkets.com/research/mfcw9j/government_space




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