India, UK Space Economies Expand Amid Global Sector Growth

The global space economy is rapidly expanding, with projections estimating its value to reach $1.8 trillion by 2035 and beyond, driven by innovations in satellite technology and private sector breakthroughs that have significantly reduced launch costs. The UK space sector, worth £18 billion, is focusing on microgravity research to develop new materials and medicines in space, with Northern Ireland playing a key role due to its skilled workforce and numerous space companies. India is emerging as a major global space and aviation leader, with its space economy valued at $8.4 billion in 2024 and expected to grow to $44 billion by 2033, supported by government policies, private startups, and international collaborations. India’s recent space mission, involving astronaut Shubhanshu Shukla and coordinated by Axiom Space, marks a historic moment as the first Indian citizen in space since 1984, highlighting the country's growing presence in human spaceflight alongside increased infrastructure and sustainability initiatives in civil aviation. This surge in activity reflects a broader trend of expanding space capabilities worldwide, with countries like India capitalizing on economic opportunities, job creation, and scientific advancement in the space sector. Collectively, these developments underscore the space industry's transformative impact on economies and technological progress globally.