Establishing an international long-term sustainable lunar presence in partnership with the private sector remains the core global focus of space exploration
Since the early beginnings of space exploration, the number of countries involved has expanded considerably. Global government investment in space exploration totaled nearly $20 billion in 2019, a 6% increase year-on-year. Thirty-one countries and space agencies lead this global investment with the U.S. accounting for 71% of spending. Funding for space exploration is forecast to increase to $30 billion by 2029, driven by Moon exploration, transportation, and orbital infrastructure. Approximately 130 missions are expected over the coming decade, compared to 52 missions conducted over the past 10 years.
With $260 billion invested by governments, exploration is the space application of the 2020s. This forecast funding growth of about 50% over the coming decade illustrates government support for large-scale plans that are now materializing, with the Moon as a core focus.
The next decade also promises the potential rise of numerous commercial exploration initiatives. This is having a significant impact on the strategic planning of governments in defining the agenda for space exploration. As a result, new public-private contractual schemes are taking shape, reflecting the willingness of space agencies to act as both strategic partner and future customer of commercial services to achieve a cost-effective sustainable model for space exploration.
Strategic and economic assessment of the space exploration market: sector dynamics, analysis & forecasts
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