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The Space Report 2011 Reveals Continued Space Sector Growth Driven by Commercial Businesses

04/07/2011

The Space Report 2011 Reveals Continued Space Sector Growth Driven by Commercial BusinessesCOLORADO SPRINGS, Colo. (Apr. 7, 2011) -- GPS and satellite television revenues continue to fuel overall growth in the space sector, helping the industry overcome a challenging economy. The overall global space economy rose to $276.52 billion in government budgets and commercial revenue in 2010, 7.7 percent above the 2009 figures reported by the Space Foundation.* In addition, the space companies that make up the Space Foundation Index shared in the general stock market recovery; as of December 2010, the index was 10 percent above its value at inception in June 2005. These findings are among many facts in The Space Report 2011: The Authoritative Guide to Global Space Activity, which is now available for purchase and will be distributed to registrants at the 27th National Space Symposium next week in Colorado Springs.

Published by the Space Foundation, this definitive overview of the global space industry serves as a valuable resource for government and business leaders, educators, financial analysts, students and space-related businesses. Copies -- in print, on CD-ROM or as a downloadable PDF - can be purchased online at www.TheSpaceReport.org -- and multi-user licenses are available.

The 160-page book is full of space facts and figures, punctuated with photographs, charts and graphs illustrating the book's main points. Both the PDF and CD-ROM include hyperlinks to the companies, organizations, reports and other items of interest mentioned in the text. 

Consumer Products Drive Growth
The two biggest contributors to sector growth were:

  • Devices and chipsets that use the Global Positioning System (GPS) satellites for navigation and logistics, and 
  • Direct-to-home television that relies on satellites to deliver a broad range of customized programming to consumers.

This is part of a trend of commercial growth that has been in play since 2005 and has contributed to cumulative global growth of a staggering 48 percent, with no year showing less than a 5 percent gain.

Within the overall gain for 2010, revenues for commercial infrastructure and support industries increased 13 percent, while commercial space products and services revenues increased 9 percent. In comparison, governmental spending increased by only 1.1 percent - almost entirely in non-U.S. space budgets.

Although the worldwide number of launches declined for the first time since 2006 (down from 78 in 2009 to 74 in 2010), the number of payloads increased (up from 111 to 118). Russia led with 31 launches, followed by the U.S. and China, tied at 15 launches each, marking the first time China's launch rate matched the United States'. Despite the growth in the number of nations with space interests, no new nations entered the launch business, although South Korea conducted a second unsuccessful orbital launch attempt.

The Space Report contains extensive details on how each segment of the global space economy performed, including significantly more information on non-U.S. government budgets and incorporating data for the first time from Australia, Indonesia, Malaysia, Mexico, Pakistan, Taiwan, Thailand and Turkey. 

Space Developments had Positive Impact on Earth in 2010
In addition to detailing developments in seven sectors of space products, the Space Products and Services section of The Space Report includes a feature article on how multiple space technologies were used to help sustain and rescue the trapped miners in Chile last year, underscoring the positive benefits space exploration and utilization bring to our lives on Earth. 

Workforce Trends Show Positives and Negatives
Although the U.S. space workforce decreased by about 1 percent in 2009, over the long term, The Space Report reveals that employment in this sector has remained relatively consistent and shown real salary growth, with the average U.S. space industry salary at more than double the average private-sector salary. The U.S. continues to maintain robust military space employment, despite a 6 percent decrease in 2009 (the most recent period for which results were available). Europe and Japan have also maintained their space workforce through periods of relative economic strength and weakness.

Looking to the future, The Space Report examines the challenges facing the U.S. space workforce, including adapting to changes in NASA's human spaceflight program and maintaining knowledge and expertise in the midst of the retirement of an aging workforce.

Education Trends Reveal Challenges
The space sector demands a pool of highly educated employees. According to The Space Report, during the 1990s there was a decline in the number of U.S. aerospace engineering bachelor's degrees awarded, a trend that turned around in 2000. The number of advanced aerospace engineering degrees awarded in U.S. per year has remained relatively constant, with the number of master's degrees fluctuating: the 2007 total aerospace engineering master's graduates was 13 percent lower than the total 15 years earlier, while the number of engineering doctorates rose about 15 percent.

According to data in The Space Report, the more advanced the aerospace engineering degree earned in the U.S., the more likely it is to be awarded to a non-U.S. citizen: 6 percent of bachelor's degrees, 20 percent of master's degrees and 54 percent of doctoral degrees in 2007 went to non-U.S. students.

In 2005, the most recent year for which complete data was available, Europe produced 43 percent of doctoral degrees for space-relevant fields; the U.S. produced 22 percent; China produced 17 percent; India produced 8 percent; Japan produced 6 percent; and South Korea produced 4 percent.

Space Outlook is Global, Diverse
Summing up the vast amount of data in the publication, the Outlook section in The Space Report cites some of the major trends that are driving the maturation of human space activity: increasing globalization, greater public involvement, continuing emphasis on the practical benefits of Earth observation and the commercial sector's increasing ability to derive financial and service benefits from space.

New Features Make The Space Report Even Easier to Use
In addition to the wealth of data, the 2011 edition of The Space Report includes new features to enhance the book's value as a reference:
* All data-heavy chapters contain a "metrics" section to clarify complexities behind the numbers, data and analysis.
* The "at-a-glance" view of space economy growth on the last page makes it much easier to quickly compare the relative size and growth of the various economic sectors within the space industry

The materials used within and the processes for printing The Space Report 2011 have been certified as meeting the standards and requirements of the Forest Stewardship Council (FSC).

Introductory Savings until April 30
The Space Foundation is offering a special $30-off introductory price until April 30. Details and ordering instructions can be found at www.TheSpaceReport.org. The site also includes an overview of each chapter, a selection of downloadable charts and tables from the publication and additional information that was not published in the book due to space constraints.

Media Briefing 
The Space Foundation will hold a briefing for registered accredited media on The Space Report 2011 at the 27th National Space Symposium on Thursday, April 14, from 11:20 -- 11:50 a.m. in the Space Foundation Media Center, located in the Primrose Room on the second floor of Broadmoor Hall (above the Boeing Exhibit Center North) at The Broadmoor Hotel in Colorado Springs, Colo. Reporters can also call in to 866-330-1200, passcode 5768000#. 

The briefing will feature Space Foundation Chief Executive Officer Elliot Pulham and Director - Research and Analysis Micah Walter-Range along with representatives of two of the companies that provide data and analysis for the publication: Jay Gullish, senior program manager for Futron Corp., and Kevin Leclaire, managing director of ISDR Consulting.

To inquire about the briefing, contact [email protected] or inquire onsite at the Media Center.

About the 27th National Space Symposium
The 27th National Space Symposium, which will be held April 11-14 at The Broadmoor Hotel in Colorado Springs, features forums, panels, presentations, speeches, special events and ample opportunity to hear from and network with the space community's most influential leaders. Find more details online, including registration information and agenda at www.NationalSpaceSymposium.org.

About the Space Foundation
The Space Foundation is
a global, nonprofit organization and the foremost advocate for all sectors of the space industry - civil, commercial, military and intelligence. Founded in 1983, the Space Foundation is a leader in space awareness activities, educational programs that bring space into the classroom, and major industry events, including the National Space Symposium, all in support of its mission "to advance space-related endeavors to inspire, enable and propel humanity." An expert in all aspects of the global space industry, the Space Foundation publishes The Space Report: The Authoritative Guide to Global Space Activity and provides three indices that track daily performance of the space industry. Through its Space Certification and Space Technology Hall of Fame® programs, the Space Foundation recognizes space-based technologies and innovations that have been adapted to improve life on Earth. Headquartered in Colorado Springs, the Space Foundation conducts research and analysis and government affairs activities from its Washington, D.C., office and has field representatives in Houston, Texas, and Cape Canaveral, Fla. For more information, visit www.SpaceFoundation.org. Follow us on TwitterFacebook and LinkedIn, and read about the latest space news and Space Foundation activities in Space Watch.

* The annual space economy figures reported in The Space Report 2010 have been updated with additional data that became available after publication, revising the 2009 total to $256.80 billion from $261.6 billion.

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