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This surge is attributed to an increasingly complex geopolitical landscape, marked by intensifying rivalries among key players such as the US, China, and Russia, and the broader adoption of space-based services in conventional military operations.
The insights come from the first edition of the Space Defense and Security report by Novaspace, which provides a comprehensive examination of the sector's current and forthcoming dynamics and demand drivers, along with the strategic roles of leading nations.
The 2023 data reveals that four countries each invested over $1 billion in this area. The US led with $38.9 billion, followed by China's $8.8 billion, Russia's $2.6 billion, and France's $1.3 billion. Japan, the UK, the EU, and Germany also contributed significantly, each exceeding $500 million in investments.
Of the total $58 billion allocated by governments, around $40 billion was directed to the industry for key capabilities, including satellite manufacturing and launches, as well as the supply of user terminals and operational services for government systems.
The report also details funding distribution, showing a preference for maintaining control over sovereign systems while integrating commercial data to supplement proprietary resources. This trend is particularly noted in the US, although direct procurement of services is still emerging as organizations generally prefer to conduct their own data analysis.
With revenues across four value chain segments totaling $40.2 billion, the industry's focus spans from satellite manufacturing ($24 billion) to the operation of government systems and sales of data ($10.2 billion), reflecting a robust commercial engagement in space defense and security.
In 2023, 107 defense and dual-use satellites were launched by 17 governments, marking a 40% increase from the previous year. The US was the most active with 44 launches. The most prominent capability domains were intelligence, surveillance, and reconnaissance, along with secured satellite communications and signal intelligence.
Novaspace's analysis anticipates a substantial rise in defense satellite deployments in the coming decade, driven by the need for resilient system architectures and an expanding base of nations investing in space defense capabilities.
Simon Seminari, Principal Advisor and editor of the report, stated, "An increasingly fragmented global geopolitical context is a key driver of space defense and security expenditures. With ongoing conflicts and regional tensions, space capabilities have become central to modern military strategies, enhancing battlefield awareness and ensuring secure communications under challenging conditions."
Related Links
Novaspace
Military Space News at SpaceWar.com
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