Global Space Industry Trends and Opportunities for Korea’s Supply Chain

HYESUNG Global Research Center (HSGRC) has recently published its latest market research report, “Global Space Industry Trends and Opportunities for Korea’s Supply Chain.” The report examines the key trends shaping the rapidly growing global space industry and explores how Korean companies are creating opportunities to participate in global space industry supply chains.

Key Takeaways

• Accelerating growth of the global space economy: Expected to grow at an annual rate of 7–11% through 2035, driven by the rapid expansion of private-sector-led commercialization
• Expansion of the space industry value chain: The market is expanding beyond launch vehicles and satellite manufacturing into downstream areas such as satellite communications, Earth observation, satellite navigation, and ground stations
• Strengthening foundations of Korea’s space industry: Korea is expanding its technological capabilities beyond launch vehicle independence into areas such as reusable launch vehicles and lunar exploration
• Growing opportunities to enter global supply chains: Korean companies are increasingly entering the supply chains of global space companies across a wide range of fields, including advanced materials, electronic and shielding materials, satellite communications and antennas, satellite platforms and imaging services, ground stations, and payloads
• A two-track growth strategy: Alongside technological self-reliance, establishing Korean companies as Tier 1/2 suppliers to global space companies will be an important growth strategy

📌 Where is the global space industry heading, and what opportunities are emerging for Korean companies?

Please click the link below or the report to explore the full analysis.

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