The future of space technology is rapidly evolving, with new disruptions and opportunities on the horizon. According to a recent report by MarketsandMarkets™, titled “Future of Space: Rising Technologies, Evolving Disruptions, Week Outlook and Growth Opportunities to 2064,” the global space economy is projected to reach USD 1.7 trillion by 2034 and is expected to grow to USD 6.1 trillion by 2064.

This growth is driven by advancements in technology and the increasing demand for space exploration and satellite communication. Companies in the space industry are investing in innovative technologies such as satellite constellations, space tourism, and asteroid mining to capitalize on the expanding market.

One key area of focus in the report is the development of space-based infrastructure, including satellite networks and space stations. These infrastructure projects are critical for supporting future missions to the Moon, Mars, and beyond.

To download the full report, interested readers can access the PDF booklet from the MarketsandMarkets website.

As the space industry continues to evolve, opportunities for growth and innovation abound. Companies that are able to adapt to this rapidly changing landscape will be well-positioned to capitalize on the future of space technology.