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U.S. will continue to be the largest single spender on Space ventures for the foreseeable future

November 22, 2023

Governments are investing heavily in satellite technology, space-based surveillance, and strategic capabilities to safeguard their interests in an evolving geopolitical landscape.

Who will be the winners in the new space race? Learn more by downloading our new report at this direct link…

While China’s budget remains comparatively small, in order to achieve its ambitious goals, it will need to fund its lunar and space station missions at levels comparable to the U.S.

By examining key budgetary allocations, strategic initiatives, and collaborative efforts between governments and private entities, our new report seeks to inform stakeholders about the evolving landscape of space-related expenditures.

Joint efforts among nations are becoming more common, with shared goals in scientific research, technology development, and space missions.

Advancements in propulsion systems, satellite miniaturization, and sustainable space exploration technologies are areas of considerable focus.

Despite the positive trends, challenges such as budget constraints, shifting political priorities, and the need for sustained international cooperation could reduce government spending on space. Balancing the allocation of funds between exploration, research, and practical applications remains a critical consideration for governments investing in the space sector.

Understand how governments will select their investments over the next decade by downloading our new report.

Filed Under: Market Forecasts

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