- CNTV English - CCTV News

Overall global space economy on rise: report

04-07-2011 10:54 BJT

The overall global space economy rose to 276.52 billion U.S. dollars in government budgets and commercial revenue in 2010, a 7.7 percent increase over 2009, the Space Foundation reported on Wednesday.

The Global Positioning System (GPS) and satellite television revenues continue to fuel overall growth in the space sector, helping the industry overcome a challenging economy, the foundation said in a report.

In addition, the space companies that make up the Space Foundation Index shared in the general stock market recovery; as of December 2010, the index was 10 percent above its value at inception in June 2005, according to the Space Report 2011: The Authoritative Guide to Global Space Activity.

The agency published its report ahead of its 27th National Space Symposium scheduled for next week in Springs, Colorado.

This definitive overview of the global space industry serves as a valuable resource for government and business leaders, educators, financial analysts, students and space-related businesses, the agency said.

According to the report, the two biggest contributors to sector growth were devices and chipsets that use the Global Positioning System (GPS) satellites for navigation and logistics, and direct- to-home television that relies on satellites to deliver a broad range of customized programming to consumers.

This is part of a trend of commercial growth that has been in play since 2005 and has contributed to cumulative global growth of a staggering 48 percent, with no year showing less than a five percent gain, the report said.

Within the overall gain for 2010, revenues for commercial infrastructure and support industries increased 13 percent, while commercial space products and services revenues increased nine percent. In comparison, governmental spending increased by only 1. 1 percent -- almost entirely in non-U.S. space budgets, the report said.

Although the worldwide number of launches declined for the first time since 2006 (down from 78 in 2009 to 74 in 2010), the number of payloads increased (up from 111 to 118), the report said.

Russia led with 31 launches, followed by the U.S. and China, tied at 15 launches each, marking the first time China's launch rate matched the United States'. Despite the growth in the number of nations with space interests, no new nations entered the launch business, although South Korea conducted a second unsuccessful orbital launch attempt.

The U.S. continues to maintain robust military space employment, despite a six percent decrease in 2009, the most recent period for which results were available. Europe and Japan have also maintained their space workforce through periods of relative economic strength and weakness, according to the report.

The report also pointed to the challenges facing the U.S. space workforce, including adapting to changes in NASA's human spaceflight program and maintaining knowledge and expertise in the midst of the retirement of an aging workforce.

Editor:Sun Luying |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program