OECD: Governments Crucial in Fostering Space Economy Competitiveness and Innovation
OECD: Governments Remain Central To Fostering Competitiveness, Innovation In Space Economy
By Mohammad Ali (@ChaudhryMAli88)
Published September 10, 2026 | 03:45 AM (UrduPoint / Pakistan Point News / WAM – 10th Sep, 2026)
PARIS, (UrduPoint / Pakistan Point News / WAM) – The space economy is expanding its influence across critical infrastructure and the broader economy, driven by sustained government investment and growing private capital, according to a new OECD report.
Key Findings:
- OECD civil space budgets reached USD 46.4 billion in 2025, up from USD 40.5 billion in 2022. Defense demand is on the rise.
- Space-based systems support over half of critical infrastructures and services in OECD countries, including transport, energy, communications, and food supply. Some OECD members see nearly one fifth of GDP supported by satellite-enabled services.
- Governments play a central role in steering the development of competitive commercial space markets through public R&D, procurement, commercialization support, data access policies, incubators, technology transfer, regulation, and finance.
- Over the past decade, the number of countries with space-related regulations has increased by 50%, reaching nearly 60 by 2025.
- Private investment in the space economy reached USD 11-13 billion in 2025, the highest level since 2021.
OECD Secretary-General Mathias Cormann emphasized, "Our transport systems, energy grids, communications and food supply all depend on the commercial space economy." He added, "Governments can make the sector more competitive, more attractive for investment, and safer through strategic public procurement, smart regulations, and targeted support for innovation."
However, as governments adapt their policies to a more competitive space market, they must also address safety, liability, security, and sustainability concerns while maintaining international cooperation to ensure safe and accessible orbits.
