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Space Technology Program Trends by Emerging Tech Category, by Buyers/Programs, by Use Cases and Applications, by Geographic Location, and by Companies (including Underserved)
Overview
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Table of Contents
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Visualizations
Space technology serves as a pivotal catalyst for national security, satellite communication, and scientific breakthroughs through its multifaceted applications and innovations. U.S. federal government has made strategic investments in this market through various policies and programs including the Orbital Sustainability (ORBITS) Act, NASA Authorization Act of 2022 under CHIPS Act, Artemis Program, etc.
This report and accompanying datasets and dashboard provide deep insights into the Space Technology market, which use cases are being funded, who is investing in them, which companies are winning, and which regions are emerging as the new hotbeds of innovation.
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Highlights from our ongoing analysis
  • The current space technology landscape presents compelling economic opportunities as innovation reduce satellite costs and complexity. Notably, the U.S. Defense Department allocated a substantial $33.3B towards the space budget, signifying a 15% increase from FY23 and underlining the growing importance of space technology. With the establishment of the Space Force and global interest from Russia and China, public-sector investment may rise. Companies like SpaceX raised $1.5B to develop Starlink broadband and its Starship rocket.
  • The objective of this report is to cover the federal R&D landscape by examining investments made in space technologies through SBIR/STTR, Grants, and Other Transactions Awards during FY2018-FY2022.
  • Some high-level insights include:
    • Over $13B spent on space-related R&D by the U.S. federal government signifying a 75% growth during FY2018-FY2022.
    • 71% of space-related federal R&D awards were made through grants worth $9.2B during FY18-FY22. During the same time period, $1.6B worth of SBIR/STTR awards were awarded for space-related R&D awards.
    • Use Cases – Market verticals where technology adoption is highest include Aerospace/Defense, Astronomy & Astrophysics, Telecommunication, Material Science, Energy etc. Examples of high frequency use cases being invested include Remote Sensing, Space Situational Awareness, Object Detection, and Global Positioning Systems, etc.
    • Agencies - NASA and DOD have awarded more than 52% of the R&D awards. Within DOD, the Dept. of Air Force, Army, Navy, and MDA made the most R&D investments. Other prominent civilian agencies include the NSF, DOT and DOC which comprises $4.5B worth of space technology awards.
    • 3K+ Suppliers and Research Institutions were awarded space technology R&D awards during FY18-FY22; Only 20% of awardees were underserved. SBIR/STTR program has utilized the highest proportion of underserved suppliers with 39%, OTAs utilized 23% underserved suppliers whereas grants had the lowest share of underserved suppliers at 8%.
    • Emerging Regional Innovation Clusters –Various innovation clusters are emerging in regions such as Washington-Arlington-Alexandria, DC-VA-MD-WV, and Los Angeles-Long Beach-Anaheim, CA etc. These R&D innovation “hotbeds” have attracted the highest proportion of R&D investments.
Table of Contents
  1. Report Introduction
    1. Report Introduction
    2. Introduction and Methodology
    3. R&D Data Sets Analyzed
  2. Defining Critical and Emerging Technologies
    1. Critical Technologies Defined by Various Agencies and Their Policies
    2. Consolidated Critical Technologies based on PSF’s AI-MI Market Ontology Match
  3. Space Technology Market Overview and Industry Trends
    1. Space Technology Ecosystem Mapping
    2. Market Breakdown by Technology
    3. Market Breakdown by End-Use Industries
    4. Use-Cases and Technologies in Different Market Verticals Funded by Federal Government
  4. R&D Award Trend Analysis
    1. R&D Awards Growth Trend by Year and Funding Sources
    2. R&D Award Breakdown by Funding Sources
  5. Federal Demand Analysis and Portfolio of Agencies & Programs
    1. Federal Agencies Breakdown by R&D Investments and Funding Sources
    2. Utilization of Different R&D Contracting Channels (Funding Sources) Across Federal Agencies
    3. Example List of Program Offices Involved in Space Technology
    4. Example List of Program Offices and R&D Awards
  6. Portfolio of Companies Winning R&D Awards
    1. Suppliers Involvement Based on Underserved Status
    2. Suppliers Trend Analysis by R&D Awards Across Different Funding Sources
    3. Suppliers Breakdown by Socioeconomic Designations
    4. Comparative Analysis of Underserved Suppliers Across Different Funding Sources (i.e., SBIR/STTR, Grants and OTAs)
    5. Suppliers Breakdown by Number of R&D Awards and Funding Sources
    6. Example List of R&D Funded Suppliers with Capabilities and Experience Data
  7. Other Ecosystem Participants
    1. Breakdown of Venture Capital Firms, Accelerators, Investment Partners, and Other Financing Institutions
    2. Illustrative List of Research Institutions/ Facilities and Universities with Sample Profile
  8. Regional Innovation Clusters Analysis
    1. Top 50 Regional Innovation Clusters by Federal Funding Sources based on Absolute and Per Capita Amount
    2. Top 50 Regional Innovation Clusters by All R&D Funding
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What Others are Saying About Our Analysis
This is a terrific report. We're going to share internally. Is it okay to share external to the DOD. There are more than a handful of companies that would find this useful.
Director at Defense Innovation Unit
This is some of the best work I’ve ever seen using taxonomies and unstructured data! Imagine, applying this same analysis to millions all investments by region and people.
Executive Director, University of Chicago Center for Impact Sciences
This is fantastic data! We certainly would like a briefing.
SVP of Microelectronics and Advanced Technologies, Large OTA Manager
This is a terrific report. We're going to share internally. Is it okay to share external to the DOD. There are more than a handful of companies that would find this useful.
Director at Defense Innovation Unit
This is some of the best work I’ve ever seen using taxonomies and unstructured data! Imagine, applying this same analysis to millions all investments by region and people.
Executive Director, University of Chicago Center for Impact Sciences
This is fantastic data! We certainly would like a briefing.
SVP of Microelectronics and Advanced Technologies, Large OTA Manager
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Report includes market data points, ranging from trend analyses to market estimates & forecasts.
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