Commerical Space
Space continues to reach new heights
with increased human space exploration and advances in manufacturing in space driving innovation.
Launch Activity
2023 U.S. launch attempts increased by 33% while commercial launch activity grew 50% year-over-year. *SpaceFoundation.org
Satellites
The global economy is increasingly reliant on satellites for everything from GPS to wireless technology and banking.
Growing Commercial Sector
Strong demand for new launch vehicles continues to drive the market with 14 expected to make maiden flights in 2024.
Some new launch vehicles come from big players but most come from small startups, including firms building the first orbital launchers for Australia and Argentina.
*The Space Report 2023 Q4
