Saudi Arabia’s space economy reached $8.7 billion in 2024, with the space market accounting for $1.9 billion of that total, according to a new report from the Communications, Space, and Technology Commission (CST).
The KSA Space Market 2025 report provides the latest data on the local and global space sectors, aiming to support investors, entrepreneurs, and policymakers by identifying commercial opportunities and long-term growth prospects.
CST Governor Dr. Mohammad Altamimi said the sector’s expansion is driven by national investment, infrastructure development, and talent localisation, aligned with Saudi Vision 2030. He noted the report is part of CST’s broader effort to position the space sector as a new economic pillar for the Kingdom.
The Saudi space economy is projected to grow to $31.6 billion by 2035, representing a compound annual growth rate (CAGR) of 12%. The domestic space market alone is expected to reach $5.6 billion by the same year.
The report also compares Saudi Arabia’s trajectory with global trends. The global space economy is forecast to grow from $630 billion in 2024 to $1.8 trillion by 2035, with the commercial space market expected to more than double from $176 billion to $377 billion, according to industry estimates from McKinsey and the World Economic Forum.
Saudi Arabia has recently launched several initiatives to attract private sector participation, including regulatory frameworks for satellite services, funding for space startups, and partnerships with international space agencies. The CST report is intended to serve as a reference point for decision-makers exploring new investments in aerospace, satellite technology, and downstream services.
