Government Spending in Space Programs at $66.5 Billion in 2014

21 new emerging space nations to invest in industry projects over next decade

Paris, Washington D.C., Montreal, Yokohama, May 13, 2015 - According to Euroconsult's newly released research report, Profiles of Government Space Programs, world government expenditures for space programs decreased by 4% to $66.5 billion in 2014. The decrease in U.S. military space expenditures combined with the impact of adverse exchange rates on Russia had a considerable influence on global trends as the two countries together account for 65% of space expenditures worldwide. Government spending excluding the U.S. and Russia actually increased by 8% in 2014.

Tensions on public finances have pushed governments toward severe budget arbitrations with choices to be made over spending priorities. However, this situation did not stop governments from funding new large-scale programs, even in countries impacted by the economic slowdown. Ariane-6 in Europe, the expanded IGS reconnaissance program in Japan, or the Radarsat Constellation Mission in Canada are prominent examples of governments' commitment to acquire/maintain strategic assets while supporting domestic industrial capabilities. In many cases, governments' growing inclination to integrate space in a broader strategy to preserve national security and sovereignty has been a key motivation factor to sustain or even increase funding levels to strategic programs.

"In 2014, 60 countries invested $10 million or more in space applications and technologies; this is twice as many as in 2004," said Jean-Baptiste Thepaut, Senior Consultant at Euroconsult and editor of the report. "In addition, 21 more countries have been identified with plans for investment in space projects. Such dynamism demonstrates how space technologies and applications are seen by governments as a valuable investment to support their national social, economic, strategic, and technological development."

Highlights from the 80+ agencies and organizations profiled in the report include: