The Fastest Growing Space Economy Sectors by 2035
Key Takeaways
- Supply chain and transportation is the fastest-growing sector in the space economy, adding C$445 billion by 2035.
- Food, defense, and consumer industries are major growth drivers as they adopt space-enabled technologies.
The space economy is expanding beyond rockets and satellites. By 2035, it could power industries far beyond orbit, from logistics to agriculture and national defense.
In partnership with Global X Canada, this graphic is the first of three in the Investing in Space series. It shows the fastest-growing space sectors by 2035 using data from McKinsey.
Which Space Economy Sectors Are Growing Fastest?
The global space economy could nearly triple from C$871 billion in 2023 to C$2.5 trillion by 2035.
Here is a table that shows which sectors are adding the most value by 2035.
| Industry | 2023 ($CAD Billions) | 2035 ($CAD Billions) |
|---|---|---|
| Supply chain and transportation | 121 | 566 |
| Food and beverage supply chain logistics | 137 | 459 |
| State sponsored defence | 129 | 345 |
| Retail, consumer goods and lifestyle | 77 | 234 |
| Media, entertainment and sports | 197 | 216 |
| State sponsored civil | 85 | 201 |
| Digital communications | 26 | 96 |
| Space | 30 | 92 |
| Other | 69 | 252 |
Source: McKinsey.
Growth is not evenly distributed across sectors. Instead, industries like supply chain, which rely on satellite data and connectivity, are expanding the most.
Supply Chain’s Liftoff
Supply chain and transportation lead all sectors, adding C$445 billion in growth by 2035. This surge reflects the increasing importance of real-time tracking via Earth observation and satellite navigation as essential tools for logistics networks.
Meanwhile the food and beverage sector follows closely, driven by advances in precision agriculture and monitoring.
State-sponsored defense ranks third, highlighting rising demand for surveillance, communications, and security. As a result, defense spending continues to accelerate globally.
Investing in Space
By 2035, a C$2.5 trillion space economy could evolve into a broad, multi-industry ecosystem where opportunities are emerging across logistics, agriculture, defense, and communications.
Investors looking to capture this growth may consider exposure to companies enabling these trends. In particular, solutions focused on satellites, data infrastructure, and space-enabled services are becoming increasingly critical.
To learn more, explore the Global X Space Tech Index ETF (ORBX), which targets companies at the forefront of the space economy.
Get invested with ORBX, a new frontier for diversification.
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