Study supported by
Space Applications Services
predicts a market revenue of up to 170 billion euro by the Space Resources Industry in 2018-2045
In the frame of the Luxembourg National Space Programme, the European Space Agency commissioned a STUDY TO ASSESS THE FUTURE POTENTIAL MARKET AND VALUE-CHAIN OF SPACE RESOURCES UTILISATION to better understand the potential future markets of space resources utilisation and the associated value chains, identify key industry enablers that may (or not) need public support to get off the ground, identify technological challenges, that may be attractive for Luxembourg to take on in the National interest, high potential return or due to National industrial or R&D expertise and influence the strategic positioning of Luxembourg within the value chain.
“According to the study, the space resources utilization industry is expected to generate a market revenue of up to 170 billion EUR over the years 2018 to 2045. For the same period, efficiency gains in the form of cost savings for the end-users and customers of space resources are estimated to up to 135 billion EUR. This figure accounts for fuels, water for life support, and materials for equipment and construction of in-situ infrastructure (like regolith and metals).”
Space Applications Services Future Projects and Exploration Team, as part of a consortium led by PwC Advisory France, was in charge of the analysis of the technology aspects related to SRU and the road mapping of prioritized necessary future technology developments.
Image credits: ESA/Foster + Partners