Apr 8, 2024 · This report by the World Economic Forum and McKinsey & Company shows that lower costs and improved access to space-enabled technologies such as communications; positioning, navigation and timing; and Earth observation services could take the global space economy to $1.8 trillion by 2035, up from $630 billion in 2023.

Apr 8, 2024 · The global space economy will be worth $1.8 trillion by 2035, up from $630 billion in 2023 – almost twice the rate of global GDP growth, according to World Economic Forum research.

Apr 8, 2024 · A new report from the World Economic Forum, Space: The $1.8 Trillion Opportunity for Global Economic Growth, developed in collaboration with McKinsey & Company, outlines key developments that will shape space and adjacent industries throughout the next decade.

Apr 8, 2024 · This report by the World Economic Forum and McKinsey shines a light on the important developments that will shape the space industry, and the industries adjacent to it, through 2035. As part of our research, we interviewed over 60 leaders and experts across the space sector and other segments to get a detailed view of the trajectory of space ...

Apr 8, 2024 · The space economy is poised for significant growth over the next decade, expanding from $630 billion in 2023 to a projected $1.8 trillion by 2035 according to a recent report by the World Economic Forum in partnership with McKinsey & Company.

Jan 17, 2023 · The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims.

Jan 24, 2025 · Explore these insights to understand how businesses across sectors can leverage space-based solutions to enhance operations, create new markets, and tackle some of the world's most pressing challenges. Space: The $1.8 trillion opportunity for global economic growth. The case for space. Space: The missing element of your strategy

Mar 22, 2022 · The World Economic Forum–McKinsey knowledge collaboration on space economy of the future looks to accelerate the role of the space ecosystem in driving sustainability, security, and technological development on Earth.

Apr 10, 2024 · The global space economy could be worth close to $2 trillion by 2035. This is according to a new World Economic Forum report released this week. The report says it expects the sector’s valuation to surge up to $1.8 trillion by 2035 and be roughly rival the size and reach of the global semiconductor industry – with space technologies ...

Jun 21, 2021 · The World Economic Forum (WEF) has now launched a global initiative to develop a "Space Sustainability Rating" that will shed light on the rising threat. The forum will score space operators on the missions they launch and aims to increase transparency towards their actions in protecting the space environment.