Highlights for In 2022, government funding for space will reach $103 billion, a 9% increase from last year.
According to the organization, this year 86 countries were recorded that invested in space activities, in particular the Middle East. increasing their costs.
In addition, space defense - in particular - is accelerating due to increased funding. It broke a new record of $48 billion, up 16% this year. By 2031, such defense spending is expected to match government funding for civil space. What drives the increase? Current geopolitical challenges are driving governments to competitively invest in space security and early warning systems to protect their space assets and infrastructure.
Source: electronicsweekly.com
