A new growth cycle in government space spending is expected to start and average 2.1% over the next ten years worldwide, reaching $81.4 billion by 2024.
Despite budget cuts, governments should maintain high launch rates over the next decade: 856 government satellites are planned for launch between 2015 and 2024, i.e. a 32% increase from the last decade, driven by civil Earth observation, communications and satellite navigation missions. 242 defense satellites are expected to be launched over the next 10 years, an 11% increase compared to the past of which 40% will be launched for the U.S. government.
The international landscape is experiencing profound mutations with a diversification of countries investing in space; the number of countries investing over $10 million in space activities has grown from 38 in 2005 to 58 in 2014. International suppliers are competing fiercely for these business opportunities, with China currently accounting for 28% of communications satellites ordered by emerging programs, and Europe for 54% of Earth observation satellites.