Global Space Economy Market: Size and Trends with Impact of COVID-19 and Forecast up to 2028

DELHI, India - Sept. 5, 2023 - PRLog -- The global space economy market in 2022 is valued at US$454.06 billion and is likely to reach US$750.26 billion by 2028. Space is increasingly becoming of critical importance for a growing number of countries.

According to the OCED (2014), the space economy market can be defined as "the full range of activities and the use of resources that create value and benefits to human beings in the course of exploring, researching, understanding, managing and utilizing space". Globally, the space industry is growing, with a record number of countries and commercial enterprises engaging in space programs. At the moment, the deployed space infrastructure enables the development of new services, which in turn enables new applications in sectors such as meteorology, energy, telecommunications, insurance, transport, maritime, aviation, and urban development, resulting in additional economic and societal benefits.

Scope of the Report

-- An in-depth analysis of the global space economy market by client type, by application, by value chain, by region, etc.

-- The regional analysis of the space economy market, including the following regions:

North America European Union Asia Pacific South America & Caribbean and Africa & Middle East

-- A detailed analysis of the regional earth observation space economy market and satellite navigation space economy market by value.

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the global space economy market, with post-COVID impact analysis.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall space economy market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

For further details, kindly visit :

https://www.daedal-research.com/telecom-it/global-space-economy-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2028

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