Moon Market Could Generate $105 Billion Over the Next Decade
A developing moon market is positioned to generate $105 Billion over the next decade, according to the newly released "Moon Market Analysis, 2nd Edition" from Northern Sky Research. As demand for flexibility drives development, results from early transportation of science and robotics missions are set to benchmark market potential for future investment.
“Investment and international collaborations increase, particularly for robotics, science, and technological development missions, as nations eye the long-term economic prize."
Report co-author Charlotte Van Camp.
“The foundations of a future lunar economy are being laid as governments aim to put feet back on the Moon. 250+ missions are set to launch over the coming decade; however, early market challenges still remain to be overcome,” said report co-author Hussain Bokhari. “Mission timelines continue to shift right while many needed technologies are still in development”.
Despite these delays, progress has been made in programs such as Artemis and CLPS where key contracts have been signed with private companies. Investment continues as numerous nations increase their budget towards lunar developments.
“Long-term government investment offers not only national prestige, but also opportunity to diversify economic activities here on Earth," said report co-author Charlotte Van Camp. “Investment and international collaborations increase, particularly for robotics, science, and technological development missions, as nations eye the long-term economic prize."
Early interest from terrestrial industries such as automobile, oil & gas, mining, construction, and energy, is directly related to the feasibility of becoming future customers for key technology development for lunar markets.
"While NASA leads in development of the lunar economy aiming to take humans back to the surface of the Moon, other initiatives are building momentum," Bokhari said. "Early player dedication will shape future opportunities.”
The report provides readers, detailed forecasting of Moon Market trends and developments driving sector growth, by region and mission type. With comprehensive analysis of multiple market verticals including Science and Technology, Communications, Transportation, and Crewed, MMA2 evaluates key missions, players, and verticals critical to Moon Market development.
(Source: Northern Sky Research news release)