Overall global space economy on rise: report

LOS ANGELES. April 7. KAZINFORM The overall global space economy rose to 276.52 billion U.S. dollars in government budgets and commercial revenue in 2010, a 7.7 percent increase over 2009, the Space Foundation reported on Wednesday.

According to Xinhua, the Global Positioning System (GPS) and satellite television revenues continue to fuel overall growth in the space sector, helping the industry overcome a challenging economy, the foundation said in a report.

In addition, the space companies that make up the Space Foundation Index shared in the general stock market recovery; as of December 2010, the index was 10 percent above its value at inception in June 2005, according to the Space Report 2011: The Authoritative Guide to Global Space Activity.

The agency published its report ahead of its 27th National Space Symposium scheduled for next week in Springs, Colorado.

This definitive overview of the global space industry serves as a valuable resource for government and business leaders, educators, financial analysts, students and space-related businesses, the agency said.

According to the report, the two biggest contributors to sector growth were devices and chipsets that use the Global Positioning System (GPS) satellites for navigation and logistics, and direct- to-home television that relies on satellites to deliver a broad range of customized programming to consumers.

For full version see http://news.xinhuanet.com/english2010/sci/2011-04/07/c_13816188.htm