Report finds that US accounts for more than half of global space spending

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Euroconsult

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Countries around the world will spend a total of $92 billion on the “space sector” in 2021, reports market intelligence firm Euroconsult. This represents an increase of 8 percent in spending from the year 2020.

In latest edition According to the report “Government Space Programmes,” the consulting firm says civil space activities cost $53 billion and defense activities $39 billion. However, the report said that the proportion of defense spending is increasing.

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A news release about the report said, “Geopolitical tensions, increasing rivalry between major space powers, and the value of space as the ultimate high ground have fueled the militarization of the space trend, with leaders calling on Defense Space has increased its investments in assets and technologies.”

The report finds that total spending on spaceflight activities has increased by about 50 percent since 2015. Total spending is expected to reach $110 billion annually by 2030.

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The report also splits spending by nations, with the United States accounting for more than half of global spending on spaceflight activities – $54.6 billion in 2021. About half of this went to support civilian spaceflight activities such as NASA and commercial space, and the other half went to defense programs in the Space Force, Air Force, and other parts of the Department of Defense.

Space expenditure by nation in 2021.
Euroconsult

China spends the second largest amount, at $10.3 billion, as it supports a low-Earth orbit space station and lunar exploration program, as well as a strong program of civilian activities, including military activities. Japan, France and Russia were the next three biggest spenders.

This type of data provides a helpful perspective for assessing individual nations’ achievements in space. For example, with a budget of only $113 million, the United Arab Emirates has been able to partner with American universities to launch a successful, short mission to Mars. And while NASA clearly has the most ambitious and far-reaching portfolio of space activities, it has a budget to match.

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