Saudi Space Economy Forecast to Hit $31.6B by 2035

New forecasts project that Saudi Arabia's space economy could grow from about USD 8.7 billion in 2024 to roughly USD 31.6 billion by 2035, an average annual growth rate of about 12%. The projection covers the Saudi space economy as a whole, nearly quadrupling in value over roughly a decade.

Within that wider figure, the direct Saudi space market — covering commercial services and infrastructure — is forecast to rise from about USD 1.9 billion in 2024 to around USD 5.6 billion by 2035.

this expansion is expected to be driven by investments in space-sector infrastructure, satellites, downstream applications, and digital technologies. Practical uses include climate monitoring, agriculture, water management, and disaster response — areas with direct relevance to daily life and public services across the Kingdom.

Why it matters

The projected growth outpaces the global space economy, which is expected to reach roughly USD 1.8 trillion by 2035 but at a slower growth rate than the 12% attributed to Saudi Arabia. For residents and businesses, the anticipated build-out of satellites and space-enabled services could support stronger tools for water management, agricultural planning, and emergency response.

The available information describes a market forecast and macro-level projections. It does not set out any specific public application fees, licensing charges, or transactional procedures for space-sector companies or individuals tied to this 2035 target.

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