NSR’s newest report: Moon missions to generate $42.3B over the next decade
NSR’s Moon Markets Analysis report, launched today, forecasts 140 Moon Missions launching over the next decade to generate $42.3B. As budget announcements with approved appropriations roll out and the ARTEMIS program commits to the first woman, and next man, on the moon by 2024, the major growth areas include orbital and surface infrastructure building.
With renewed interest in the lunar market, the approach for getting to the Moon has changed from the “quick as one can” rapid approach to a sustainable presence, via infrastructure, and long-term missions for human presence on surface.
Crewed and infrastructure missions overshadow all other verticals. NSR sees 68% of the total market revenues to be generated by 2030 and dominated by Lunar surface missions. NSR’s MMA report also forecasts the future revenue opportunity for lunar transportation, communications, remote sensing to equal $3.5B between 2020-2030.
“The race back to the Moon has begun, this time with a stronger focus on creating a sustainable and economic ecosystem”, states Dallas Kasaboski, Principal Analyst and report co-author. “Following the commercialization of low-Earth orbit, governments are turning to the commercial market, providing opportunity for the development of commercial capability with true long-term potential.”
“Currently, all eyes are on the ‘Boots on the moon’ associated missions – but some key emerging markets such as transportation, robotics, remote sensing, and communication will enable the Moon Market to grow further beyond”, states Hussain Bokhari, Analyst, and report co-author. “For the market to grow steadily, a commitment to building key infrastructure for further deep space exploration needs to happen in a sustainable manner.”
With focus placed firmly on landing crewed missions on the moon, significant greenfield opportunities exist for market entry and use-case expansion. The need for innovation and technological development across the logistical supply-chain must be addressed to meet mission-critical goals.