Market Summary
Space Technology Market
1. Introduction
This research report provides an analysis of the Global Space Technology Market. It evaluates the size and growth of the space technology market and provides a detailed examination of the estimated market trends from 2023 to 2030. The market is segmented based on Satellite Launch Vehicles, Aerospace, Propulsion Systems, Avionics and communications, Surveillance and navigation, Earth Observation, Missiles and defence, Robotics and Automation, and Others.
2. Research Objective
The purpose of this research report is to analyze the growth prospects and market dynamics in the global space technology market. The primary objectives of the report are to:
- Analyze the size and growth of the Global Space Technology Market.
- Estimate the market size and growth rate for 2023 – 2030.
- Analyse the key factors affecting the growth of the Global Space Technology Market.
- Assess the competitive landscape of the Global Space Technology Market.
- Provide an overview of the major developments in the Global Space Technology Market.
3. Scope of Study
This research report provides an in-depth analysis of the global space technology market. The study includes an overview of the key market players, trends in the market, regional analysis, and drivers and challenges. The report further provides a detailed analysis of the market based on satellite launch vehicles, aerospace components, propulsion systems, avionics and communications, surveillance and navigation, earth observation, missiles and defence systems, robotics and automation, and others. The market size and growth rate of each segment have been estimated for the period 2023-2030.
4. Research Methodology
The research methodology employed for the analysis of the Global Space Technology Market is based on a combination of private and public databases, primary and secondary research, and bottom-up and top-down approaches.
4.1 Secondary Research
Secondary research was conducted to estimate the size and growth of the global space technology market. It includes information from authoritative sources such as market research reports, industry journals, annual reports by leading players, and industry associations, government organizations, and trade magazines. The key parameters for the evaluation of the global space technology market were obtained from the secondary research.
4.2 Primary Research
Primary research was conducted to supplement the secondary research. It includes interviews and discussions with industry experts, industry veterans, and senior executives. The research used a combination of primary and secondary data sources to evaluate the market size and growth rate.
4.3 Bottom-Up Approach
The bottom-up approach was used to estimate the global space technology market. The bottom-up approach involves the assessment of the market size of each segment. The estimated market size was further validated by industry experts.
4.4 Top-Down Approach
The top-down approach was used to validate the estimated market size of the global space technology market. The top-down approach involved the estimation of the market size of each segment based on primary and secondary research.
4.5 Factor Analysis
Factor analysis was used to identify the key factors affecting the growth of the global space technology market. The key factors included technological innovations, government policies, market trends, and competitive landscape.
4.6 Time Series Analysis
Time series analysis was used to derive the historical data of the global space technology market. The historical data was used to estimate the market size and growth rate of the global space technology market for the period 2023-2030.
4.7 Demand Side and Supply Side Data Triangulation
Demand-side and supply-side data triangulation was used to validate the estimated market size of the global space technology market. The demand side triangulation included analysis of the end-user industries, demand side factors, and market trends. The demand-side triangulation was matched with the supply-side triangulation which included the supply-side factors, regional trends, and market dynamics.
5. Conclusion
The research report included an analysis of the global space technology market. The report provides an in-depth analysis of the major trends, growth drivers and challenges in the global space technology market. The report provides a detailed analysis of the estimated market size and growth rate of the global space technology market for the period 2023-2030. The report further describes the key factors affecting the growth of the global space technology market. The report concludes with a summary of the research findings and recommendations for future research.
Market Size & Forecast
Space Technology Report Scope
Report Attribute/Metric | Details |
Market Size 2023 | USD 313.4846 Billion |
Market Size 2024 | USD 334.4880682 Billion |
Market Size 2032 | USD 561.94781344088 Billion |
Compound Annual Growth Rate (CAGR) | 6.70% (2024-2032) |
Base Year | 2022 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Subsystems, End-use, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Airbus SAS, Ball Corporation, Boeing, Eutelsat Communications SA, General Electric, Honeywell International Inc., Intelsat, IAI, Leonardo SpA, Lockheed Martin Corporation, NEC Corporation, Northrop Grumman Corporation, Safran, SES SA, Space Exploration Technologies Corp, Space Systems/Loral, LLC, Teledyne Technologies Incorporated, Thales Group, Transdigm Group, Inc., United Technologies Corporation, Viasat, Inc. |
Key Market Opportunities | Manufacturing operations that are impossible on earth have a unique opportunity in space's microgravity environment. |
Key Market Dynamics | The development of innovative materials, pharmaceuticals, the building of substantial structures in space will be facilitated by space-based manufacturing clouds. |
Major Players
Space Technology Market Segmentation
Space Technology Subsystem Outlook (USD Billion, 2018-2032)
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
Space Technology End-Use Industry Outlook (USD Billion, 2018-2032)
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Civil
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Commercial
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Military
Space Technology Regional Outlook (USD Billion, 2018-2032)
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North America Outlook (USD Billion, 2018-2032)
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North America Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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North America Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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US Outlook (USD Billion, 2018-2032)
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US Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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US Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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CANADA Outlook (USD Billion, 2018-2032)
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CANADA Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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CANADA Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Europe Outlook (USD Billion, 2018-2032)
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Europe Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Europe Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Germany Outlook (USD Billion, 2018-2032)
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Germany Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Germany Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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France Outlook (USD Billion, 2018-2032)
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France Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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France Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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UK Outlook (USD Billion, 2018-2032)
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UK Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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UK Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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ITALY Outlook (USD Billion, 2018-2032)
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ITALY
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Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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ITALY Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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SPAIN Outlook (USD Billion, 2018-2032)
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Spain Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Spain Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Rest Of Europe Outlook (USD Billion, 2018-2032)
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Rest Of Europe Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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REST OF EUROPE Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Asia-Pacific Outlook (USD Billion, 2018-2032)
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Asia-Pacific Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Asia-Pacific Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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China Outlook (USD Billion, 2018-2032)
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China Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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China Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Japan Outlook (USD Billion, 2018-2032)
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Japan Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Japan Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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India Outlook (USD Billion, 2018-2032)
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India Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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India Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Australia Outlook (USD Billion, 2018-2032)
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Australia Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Australia Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
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Rest of Asia-Pacific Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Rest of Asia-Pacific Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Rest of the World Outlook (USD Billion, 2018-2032)
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Rest of the World Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Rest of the World Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Middle East Outlook (USD Billion, 2018-2032)
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Middle East Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Middle East Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Africa Outlook (USD Billion, 2018-2032)
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Africa Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Africa Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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Latin America Outlook (USD Billion, 2018-2032)
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Latin America Space Technology by Subsystem
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Orbit
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Launch Platform
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Launch Vehicle
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Payload
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Latin America Space Technology by End-Use Industry
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Civil
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Commercial
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Military
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