The Saudi space economy reached $8.7 billion last year, encompassing all value-added activities and industries derived from space technologies and services, a new report revealed.
The Communications, Space, and Technology Commission (CST) highlighted in its latest report, titled the KSA Space Market 2025, that the overall size of the space market hit $1.9 billion.
The report also highlights the rapid expansion of the Saudi space economy, projected to reach $31.6 billion by 2035, with a compound annual growth rate (CAGR) estimated at 12 percent. This growth is supported by investments in space sector infrastructure, coinciding with global expectations that the space economy will soar to $1.8 trillion by 2035, maintaining a CAGR of 9 percent.
Additionally, the Saudi space market is anticipated to reach $5.6 billion by 2035, backed by advancements in space technologies. In comparison, the global space market reached $176 billion in 2024 and is expected to grow to $377 billion by 2035.
This report aims to showcase the latest advancements and growth trends in both local and global space market sizes. It seeks to support market development and competitiveness, assist investors and entrepreneurs in the sector, and identify promising opportunities within the space industry.
Strong leadership support
CST Governor Dr. Mohammad Altamimi emphasized that robust support from the wise leadership is accelerating investment, infrastructure development, and the empowerment of national talent. These initiatives play a vital role in achieving the objectives of Saudi Vision 2030 and establishing a competitive, sustainable space economy both regionally and internationally.
Report serves as resource for decision-makers
According to the Saudi Press Agency (SPA), Altamimi further noted that the report extends CST’s efforts to position the space sector as a new economic driver, reinforcing the Kingdom’s global standing in technology and innovation. This report serves as a crucial resource for decision-makers, investors, and entrepreneurs, providing insights into future trends and promising growth opportunities in the sector.
