WASHINGTON (Reuters) - The tellurian space blurb operation grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when alternative industries were slammed by recession, according to a inform expelled Monday by the nonprofit Space Foundation.
The industry one after another expanding in early 2010, reflecting larger direct for a far-reaching range of space-related products and services -- together with low-cost GPS hardware embedded in cars and phones, communications services, and carry out of a flourishing series of unmanned aerial vehicles.
Recent increases in space spending by the U.S. supervision and the make make use of of some-more blurb services bodes well for the industry at large, according to the report, that was expelled at the annual National Space Symposium in Colorado Springs.
"As the second half century of the space age gets underneath way, the destiny of tellurian space activities looks as different as it does bright," the inform said. "This era of space wake up will indurate the purpose of blurb space whilst expanding the tellurian reach of the industry."
The companies in the Space Foundation Index common in the ubiquitous batch marketplace liberation in 2009, returning by mid-March 2010 to their levels of Jun 2005. The Index marks the batch marketplace opening of companies that get a large volume of income from space-related resources and activities.
Companies in the index embody Alliant Techsystems Inc (ATK.N), Boeing Co (BA.N), Computer Sciences Corp (CSC.N), GenCorp Inc (GY.N), Harris Corp (HRS.N), Lockheed Martin Corp (LMT.N), Loral Space Communications Inc (LORL.O), Northrop Grumman Corp (NOC.N), Raytheon Co (RTN.N), Comtech Telecommunications Corp (CMTL.O), EchoStar Corp (SATS.O), Iridium Communications Inc (IRDM.O) British Sky Broadcasting Group (BSY.L), and Sirius XM Radio Inc (SIRI.O).
The inform forked to a flourishing purpose for the in isolation zone by augmenting public-private partnerships, larger faith on blurb services, and one after another space record spin-offs in to non-space industries.
Research on house the International Space Station (ISS), and augmenting supervision space wake up around the universe were dual burgeoning sectors with near-term blurb potential.
USING SPACE TO FIND CHEAP GAS ON EARTH
"The accumulation and series of activities will expected grow, as space products and services are integrated deeply in to consumer wiring and every day necessities," the inform said.
Consumers were already utilizing space-enabled services to find the nearest -- and cheapest -- gas station, or pre-order lunch from a circuitously restaurant, and some-more such applications were expected to arise in entrance years.
Growing make make use of of unmanned vehicles, that rely on space-enabled communications and positioning links, would additionally suggest new opportunities for the space industry, it said.
Commercial heavenly body services augmenting 8 percent to $90.58 billion in 2009, representing about 35 percent of the tellurian space economy; whilst tellurian supervision spending on space augmenting sixteen percent in 2009 to $86.17 billion, accounting for 33 percent of the space economy, according to the report.
U.S. supervision space spending augmenting eleven percent to $64.42 billion in 2009, increasing in piece by $1.23 billion in impulse spending destined toward space activities.
The inform enclosed for the initial time interpretation on supervision space budgets for the European Union, Argentina, Chile, Spain, Nigeria and South Africa, reflecting the one after another expansion of the space economy outward of the United States.
Spending on space infrastructure, together with launch services, booster production and belligerent apparatus totaled $83.63 billion in 2009, or about 32 percent of the altogether market.
Launch rates augmenting 42 percent from 2005 to 2009, with Russia heading with 37 percent of the 78 launches reported, followed by 31 percent for the United States, 9 percent for Europe, 8 percent for China and 5 percent for a consortium that comprises U.S., Russian, Ukrainian and Norwegian interests.
Japan, India, North Korea and South Korea each had less than 4 percent of the launches, the inform said.
(Reporting by Andrea Shalal-Esa. modifying by Maureen Bavdek)
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