Space: The $1.8 Trillion opportunity for global economic growth

Space Programs Benefit All of Humanity, Says Expert Dr. Alice Bunn

The global space economy is projected to reach $1.8 trillion by 2035, with space programs contributing to advancements that benefit everyone on Earth. Discover more in the World Economic Forum report, “Space: The $1.8 Trillion Opportunity for Global Economic Growth.”

Space technologies can tackle many of the world’s most pressing business and societal challenges. 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: The $1.8 Trillion Opportunity for Global Economic Growth