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saudi arabia's space economy projected to reach 31.6 billion by 2035
Saudi Arabia's space economy is set to grow from $8.7 billion in 2024 to $31.6 billion by 2035, driven by a 12% CAGR. Key sectors include commercial services and infrastructure, projected to rise from $1.9 billion to $5.6 billion, aligning with Saudi Vision 2030's goals for a competitive space sector.
Saudi Arabia's space economy projected to reach 31.6 billion by 2035
Saudi Arabia's space economy is projected to grow from $8.7 billion in 2024 to $31.6 billion by 2035, driven by a 12% compound annual growth rate. The space market, focusing on commercial services and infrastructure, is expected to rise from $1.9 billion to $5.6 billion in the same period, bolstered by increased investments and technological advancements. This growth aligns with the goals of Saudi Vision 2030, aiming to enhance the Kingdom's global standing in technology and innovation.
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