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Why the $1.8 Trillion Global Space Economy Market Size Report Overstates the Space Market
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Space Economy Taxonomy: Backbone, Reach, and Emerging
The World Economic Forum and McKinsey & Company framed the 2024 space economy around a two-part structure: the space backbone and the space reach. The World Economic Forum space economy study projects that the global space economy could grow from $630 billion in 2023 to $1.8 trillion by 2035, with growth based heavily on satellite communications, positioning, navigation and timing, and Earth observation.
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