The global space economy is projected to grow to $1.8 trillion by 2035, a World Economic Forum report showed on Monday.
It is an increase of $1.1 trillion over last year's valuation of $630 billion. Experts say the projected surge could be made possible by an increase in activity across different industries, including satellite communications, space technology and defence and civil space programmes.
The report titled Space: The $1.8 Trillion Opportunity for Global Economic Growth was released to show the key developments that will shape the sector through to 2035.
"The space economy is forecast to soar to $1.8 trillion by 2035 in an increasingly connected and mobile world, impacting and creating value for nearly all industries on Earth and providing solutions to many of the world’s greatest challenges," the report said.
Several industries are to generate 60 per cent of that increase, including supply chain and transport, defence, retail and digital communications.
Increased threat from anti-satellite weapons
State-sponsored defence activities in space are projected to be worth about $250 billion in 2035, growing at an annual rate of 9 per cent from 2023.
The report warned leaders to be wary of nations developing anti-satellite (ASAT) capabilities – military technology that can be used to destroy spacecraft.
"As nations advance their space programmes, threats to satellite networks, including ASAT weapons, will surge and become issues of critical importance," the report said.
Tests involving ASAT technology have caused growing concern over the years, because they can create a dangerous amount of space debris. That can put astronauts and other spacecraft at risk.
Experts have raised concerns that military technology could also be used during war.
Russia carried out carry out an ASAT test in 2021, destroying one of its satellites and creating thousands of pieces of space debris. India, China and the US carried out tests in the past.
The report suggested that space surveillance driven by artificial intelligence could also be developed, helping to improve efforts to track space debris, monitor satellites and identify potential threats.
Transport methods to be improved
The supply chain and transport industries could be worth an estimated $410 billion to the global space economy by 2035.
This could lead to the enhancement of satellite technology, which would allow for major improvement to ride-hailing transport services. It could also boost the use of drones and shipping methods.
Online shopping in remote areas
Space technology in the e-commerce, consumer goods and electronics industries is expected to be worth $170 billion in 2035 – marking a 10 per cent growth each year from 2023.
A growth in this sector could mean better satellite internet connectivity in remote areas. "This allows people in underserved regions to access high-speed internet, enabling them to participate in online shopping and e-commerce activities," the report said.
After 2035, companies could develop wearable devices to be used as emergency locator transmitters.
Better weather forecasting
The civil space sector is projected to reach $146 billion by 2035, with a steady growth of 7 per cent each year. Earth-observation missions are expected to be one of the largest contributors to that growth.
With advanced Earth observation analytics, improved systems to predict natural disasters "could save countless lives and infrastructure worth billions".
Space tourism is also expected to gain popularity in the coming years and renewed plans to explore the Moon could lead to further innovation in space habitats and mining operations.
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Day 3, Dubai Test: At a glance
Moment of the day Lahiru Gamage, the Sri Lanka pace bowler, has had to play a lot of cricket to earn a shot at the top level. The 29-year-old debutant first played a first-class game 11 years ago. His first Test wicket was one to savour, bowling Pakistan opener Shan Masood through the gate. It set the rot in motion for Pakistan’s batting.
Stat of the day – 73 Haris Sohail took 73 balls to hit a boundary. Which is a peculiar quirk, given the aggressive intent he showed from the off. Pakistan’s batsmen were implored to attack Rangana Herath after their implosion against his left-arm spin in Abu Dhabi. Haris did his best to oblige, smacking the second ball he faced for a huge straight six.
The verdict One year ago, when Pakistan played their first day-night Test at this ground, they held a 222-run lead over West Indies on first innings. The away side still pushed their hosts relatively close on the final night. With the opposite almost exactly the case this time around, Pakistan still have to hope they can salvage a win from somewhere.
Company%20profile
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The years Ramadan fell in May
COMPANY%20PROFILE
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Origin
Dan Brown
Doubleday
UAE currency: the story behind the money in your pockets
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
THE BIO
Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place
Job Title: Human resources administrator, Expo 2020 Dubai
First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group
Entrepreneur: Started his own graphic design business
Favourite singer: Avril Lavigne
Favourite travel destination: Germany and Saudi Arabia
Family: Six sisters
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MATCH INFO
Liverpool 0
Stoke City 0
Man of the Match: Erik Pieters (Stoke)
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
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Price: From Dh147,000
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Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
