space industry is changing with a government shift toward use of fixed price contracts for commercial services, new entrants with new launch products, and an increase in the use of smaller satellites: Ground stations-the largest part of the commercial space infrastructure-generated more than $100 billion in revenue, largely from geolocation and navigation equipment. In 2015, global satellite manufacturing revenues were $6 billion launches booked $2.6 billion in revenue.
The satellite and launch vehicle supply chains are global, with a small number of manufacturers. government-including national security agencies and the National Aeronautics and Space Administration (NASA)-accounted for about 14% of global spending government spending by other countries was responsible for the remaining 10%. Of this amount, nearly 40% was generated by commercial space products and services and 37% by commercial infrastructure and support industries. Global spending on space activity reached an estimated $323 billion in 2015.
government policy has sought to spur innovation and drive down costs by expanding the roles of satellite manufacturers and commercial launch providers. Although private aerospace firms have contracted with federal agencies since the onset of the Space Age six decades ago, U.S. Rockets, satellites, and the services they provide, once the domain of governments, are increasingly launched and managed by privately owned companies.
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