Commercial space industry shows solid growth in 2000
Posted: Thu, Apr 5, 2001, 2:09 PM ET (1809 GMT)
Commercial space industry revenues grew by 17 percent last year to $81 billion dollars, a study released Thursday concluded. The Global Satellite Industry Indicators Survey, performed by the Satellite Industry Association and the Futron Corporation, showed considerable gains in all aspects of the industry, including satellite services, satellite manufacturing, ground equipment, and launch services. Satellite services alone accounts for nearly half of the total, and grew by 29 percent over 1999. The commercial space industry continues to outpace government spending on space: a companion report concluded that worldwide civilian government spending on space totaled $20.8 billion last year, with an additional $15 billion spent on military space programs.
Commercial space industry revenues grew by 17 percent last year to $81 billion dollars, a study released Thursday concluded. The Global Satellite Industry Indicators Survey, performed by the Satellite Industry Association and the Futron Corporation, showed considerable gains in all aspects of the industry, including satellite services, satellite manufacturing, ground equipment, and launch services. Satellite services alone accounts for nearly half of the total, and grew by 29 percent over 1999. The commercial space industry continues to outpace government spending on space: a companion report concluded that worldwide civilian government spending on space totaled $20.8 billion last year, with an additional $15 billion spent on military space programs.
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