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AEROSPACE NEWS

Booming Space Economy to Reach $1.8 Trillion by 2035

Key Takeaways
  • The global space economy is expected to reach $1.8 trillion by 2035.
  • The Asia-Pacific region will capture 52% of the value created by Earth observation technologies.
  • Australia's space sector aims to triple in size and create 20,000 jobs by 2030.
  • Satellite data and connectivity are enabling industries to make better decisions.
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Strategic Implications

The booming space economy may indicate a significant shift in the industry's growth trajectory, with the Asia-Pacific region playing a crucial role. This growth could suggest new opportunities for businesses to leverage space-enabled technologies, which may lead to increased adoption and investment in the sector.

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What Happened

Asia Pacific Region Set to Capture 52 Percent of Earth Observation Value

The global space economy is expected to soar to $1.8 trillion by 2035, with the Asia-Pacific region set to capture 52% of the value created by Earth observation technologies. Australia’s space sector aims to triple in size and create 20,000 jobs by 2030. The sector’s growth has enormous flow-on benefits for the wider economy and non-space-sector businesses, as satellite data and connectivity enable industries to make better decisions. This growth was reported by INTHEBLACK.

Source | Originally Published: October 1, 2026

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

Booming Space Economy to Reach $1.8 Trillion by 2035

Sponsored by: Jumpseat Solutions
Key Takeaways
  • The global space economy is expected to reach $1.8 trillion by 2035.
  • The Asia-Pacific region will capture 52% of the value created by Earth observation technologies.
  • Australia's space sector aims to triple in size and create 20,000 jobs by 2030.
  • Satellite data and connectivity are enabling industries to make better decisions.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

The booming space economy may indicate a significant shift in the industry's growth trajectory, with the Asia-Pacific region playing a crucial role. This growth could suggest new opportunities for businesses to leverage space-enabled technologies, which may lead to increased adoption and investment in the sector.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Asia Pacific Region Set to Capture 52 Percent of Earth Observation Value

The global space economy is expected to soar to $1.8 trillion by 2035, with the Asia-Pacific region set to capture 52% of the value created by Earth observation technologies. Australia’s space sector aims to triple in size and create 20,000 jobs by 2030. The sector’s growth has enormous flow-on benefits for the wider economy and non-space-sector businesses, as satellite data and connectivity enable industries to make better decisions. This growth was reported by INTHEBLACK.

Source | Originally Published: October 1, 2026

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