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New report highlights Lunar exploration and Mars sample return missions as key drivers of expansion.
Paris, FR – April 23, 2025 – Novaspace announces the release of its latest market intelligence report, Prospects for Space Exploration, which provides a detailed outlook on government and commercial space initiatives through 2034.
The report finds that global government investment in space exploration totaled $27 billion in 2024 and is projected to grow to nearly $31 billion by 2034. Lunar exploration will lead this expansion, with funding expected to rise from $12 billion to $15 billion, while Mars exploration is projected to grow at an 11% annual rate, fueled by upcoming sample-return missions.
“Governments worldwide continue to recognize the strategic and scientific value of space exploration, even amid evolving budget priorities,” said Maria Lily Shaw, lead author of the report and Senior Consultant at Novaspace. “While the Moon remains the immediate focus, particularly through programs such as Artemis, Mars exploration is rapidly gaining momentum and will define the next phase of deeper space initiatives.”
In addition to investment trends, the report forecasts nearly 330 lunar missions between 2025 and 2034, driven by a mix of government programs and private sector ventures. A substantial share of these missions is expected to fall under NASA’s Artemis program, reflecting a growing global ambition for sustained lunar presence and infrastructure.
About the ReportNovaspace’s Prospects for Space Exploration offers a strategic and economic forecast of global space exploration through 2034. The report examines mission pipelines, government funding allocations, commercial initiatives, and geopolitical drivers across five domains: LEO human spaceflight, Moon exploration, Mars exploration, other deep space exploration, and astronomy/astrophysics.
The Classic edition includes strategic analysis of global government and commercial programs across five key domains, a 20-year funding database by country and application, and profiles of 11 major national space programs.
The Premium edition adds a detailed mission forecast database with attributes by application, orbit, and operator, as well as a sensitivity analysis modeling potential restructuring of NASA’s Artemis program and its global implications.
For more information or to purchase the report, visit: https://nova.space/hub/product/prospects-for-the-small-satellite-market/
About NovaspaceNovaspace is a global leader in space consulting and market intelligence, formed through the merger of Euroconsult and SpaceTec Partners. This strategic move combines the distinctive strengths of both entities to significantly amplify our international presence and service capabilities. With over 40-year legacy of expertise in guiding public and private entities in strategic decision-making, Novaspace offers end-to-end consulting services, from project strategy definition to implementation, providing data-led perspectives on critical issues. Novaspace presents an expanded portfolio of services, featuring combined expertise in management and technology consulting, top-tier executive summits, and market intelligence. Trusted by 1,200 clients in over 60 countries, with offices strategically located in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, and Washington D.C.
