Last year brought a 7% increase in the size of the space economy, as measured by the sum of space industry revenues and government space budgets, which totalled $262 billion.
That is according to a Space Foundation report that the non-profit organisation's chief Elliot Pulham will present at the show today.
Overall growth reflected a 16% increase in government spending, which amounted to $86 billion and accounted for one-third of the space economy. The US government alone allocated $63 billion to space, a 9% rise on 2008's spend.
However, the value of the space infrastructure sector - which comprises spacecraft manufacturing, launch services, in-space platforms and ground equipment - fell 1% to $84 billion, accounting for 32% of the total.
Meanwhile, the commercial satellite services sector generated 35% of total value as it rose 8% to $91 billion, and the infrastructure support and space commercial transport sectors had values of $1.15 billion and $80 million, respectively.
Source: Flight Daily News
