Government spending on space

01 April 2023 | Research

This report details the where, the what and the why of government spending opportunity globally across civil, military and beyond Earth orbit space activity. Assessing countries investing in space by geographical region, Government spending on space examines how civil and defence spending is represented across core space goals.

The global geo-political landscape has rapidly shifted through the 2020s. Recession fears continue as countries work to address the impacts of the COVID-19 pandemic, the ramifications of the Ukrainian war and instability concerns. As use cases and accessibility of space-based assets develop, the number of countries active in the satellite and space sector will continue to grow. However, as macroeconomic headwinds increase unease, investment funding opportunities are reduced and companies face mounting challenges to ensure financial solvency. This report evaluates and reports the essential trends and developments that will shape short-term regional space investment budgets.

Questions answered in this report

Which countries are investing in space?
What are the trends in government spending on space?
What factors will drive spending in the short-term (1–3 years)?
Is defence or exploration the current focus of countries' spending and will this continue?

Who should purchase this report

Commercial Government and Military Suppliers and Service Providers
Government and Military Procurement Departments
Investors and Financial Analysts
Commercial Exploration Focused Suppliers and Service Providers
Nation state Government Space Strategists

Covered in this report

Regional governmental opportunity for space and satellite spending
Evaluation of civil, military and beyond Earth orbit government opportunity
Industry news and updates
Assessment of main countries
Spotlight on the US government's space budget for FY2024
Spotlight on European Union space strategy and opportunity

Report segmentation

Military: defensive and military surveillance and satcom, including sovereign capabilities
Civil: science, weather, research and non-military international partnerships (including space agencies)
Beyond Earth orbit: actions and planning for activity past Earth’s orbit

Geographical coverage

North America	Canada, USA
Latin America	Venezuela, Peru, Mexico, Colombia, Bermuda, Chile, Argentina, Bolivia, Brazil
Europe	Ireland, United Kingdom, Portugal, Space, France, Norway, Sweden, Finland, Denmark, Ukraine, Russia, Belarus, Turkiye, Slovenia, Slovakia, Malta, Montenegro, Netherlands, Monaco, Luxemburg, Lithuania, Lativa, Italy, Hungary, Greece, Germany, Estonia, Croatia, Czech Republic, Belgium, Albania, Moldova, Poland, Switzerland, Romania
Middle East and Africa	Ethiopia, Ghana, Uganda, Algeria, Angola, Burkina Faso, Ivory Coast, Djibouti, Egypt, Gabon, Kenya, Morocco, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Sudan, South Sudan, Tonga, Tunisia, Zimbabwe, Zambia, UAE, Oman, Qatar
Asia	China, Japan, South Korea, Timor Leste, Pakistan, India, Australia, New Zealand, Azerbaijan. Thailand, Laos, Singapore, Myanmar, Bangladesh