Contact Us

SIA Report: Once Again Satellite Industry Leads Global Space Economy


The 25th annual “State of the Satellite Industry” Report from the Satellite Industry Association (SIA) reveals that in 2021 – despite the ongoing pandemic – the global space economy continued to strengthen and grow. Once again, the commercial satellite industry dominated the sector. There were a record number of satellites deployed; the costs to build and launch satellites decreased while their utility increased — all of which is leading to more affordability, better productivity and new markets. By the end of 2021, a total of 4,852 satellites circled the earth, an increase of 179% over the past five years.

Here are five takeaways from SIA’s 25th annual report:

  1. The satellite industry dominated the global space economy, which generated $386 billion in revenue – a 4% increase compared to 2020.

  2. The commercial satellite industry led with 72% of the world's space business, a total of $279 billion in revenue.

  3. The satellite ground system segment generated revenue of $142 billion in 2021, a 5% increase over the previous year. Connected devices continue to dominate ground services with over 6.5 billion satellite-enabled global smartphones in use.

  4. A record 1,713 commercial satellites launched into orbit during the year, with 44% more commercially procured satellites deployed than in 2020, due in part to increased affordability. The global launch industry saw revenues of $5.7 billion.

  5. Satellite manufacturing revenue grew by more than 12% in 2021 to $13.7 billion. The U.S. dominated the sector, building 87% of all commercial satellites procured during 2021.

To view the executive summary of this year’s SIA State of the Satellite Industry Report, click here. SIA members receive a complimentary copy of the annual report.


Image Source: