RIYADH — Saudi Arabia’s space economy, which includes all value-added sectors and activities powered by space technology and services, was valued at $8.7 billion in 2024, according to the Communications, Space, and Technology Commission (CST). The Saudi space market is now valued at $1.9 billion, per the recently published “KSA Space Market 2025” research.
The report’s objectives are to encourage investors and entrepreneurs, improve market competitiveness, highlight recent local and international advancements in the space industry, and highlight attractive prospects within Saudi Arabia’s growing space ecosystem.
Due to rising expenditures in space infrastructure, the Saudi space economy is expected to reach $31.6 billion by 2035 at a compound annual growth rate (CAGR) of 12%. By contrast, the global space industry is predicted to reach $1.8 trillion by 2035, growing at a CAGR of 9%.
Thanks to advancements in space technology, the domestic space industry is also expected to increase dramatically, reaching $5.6 billion by 2035. The space market is predicted to more than quadruple to $377 billion by 2035 from its 2024 valuation of $176 billion.
Dr. Mohammad Al Tamimi, the governor of CST, emphasized the Kingdom’s leadership-driven assistance in boosting human resource, investment, and infrastructure development in the space industry. He stated that these initiatives are essential to fulfilling Vision 2030’s objectives and establishing Saudi Arabia as a regional and global center for sustainability and space innovation.
According to Altamimi, the research is a part of CST’s larger initiatives to make the space industry a new economic engine and provides investors, entrepreneurs, and policymakers with a useful tool for navigating the industry’s development potential and future trends.
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