2013 will see the first decline in government spending for space following 12 years of consecutive growth. Space expenditures worldwide have flattened at around $70 billion since 2009 and we expect them to decrease due to fiscal policies exerting continuous pressure on public finances; improvement is not foreseen before 2015. The global picture does not look all bad, however, and many opportunities remain open in the international space market. According to our new report, "Government Space Markets World Prospects to 2022," government spending on space experienced a peak in 2012 with $72.9 billion, a non-negligible increase compared with 2011, which can be attributed to the increased activity of countries such as Russia, China, India and new world or regional leaders that compensated for budget uncertainties affecting North America and Europe.
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