NAICS 9271 - Space Research and Technology
This industry comprises government establishments primarily engaged in the administration and operations of space flights, space research, and space exploration. Included in this industry are government establishments operating space flight centers.
Industry trends:
The Space Research and Technology industry (NAICS 9271) has been experiencing several key qualitative trends. One prominent trend is the growing involvement of private companies in space exploration and technology. Firms like SpaceX, Blue Origin, and others have significantly lowered the cost of access to space, promoting innovation and competition. Consequently, this is driving a shift from government-led projects to public-private partnerships, allowing more rapid technological advancements.
Another trend is the increasing focus on satellite technology and its applications for Earth observation, communication, and global navigation. The miniaturization of satellites and advancements in AI are making space technology more accessible, resulting in a proliferation of small satellite launches and related services.
Additionally, there's heightened interest in lunar and Martian missions. Nations and companies are investing in technologies that facilitate long-term human habitation and resource utilization on these celestial bodies. This is fostering international collaboration and the development of new propulsion, habitat, and life support systems.
Looking ahead, the industry is expected to see continued growth in satellite services, particularly with the deployment of mega-constellations aimed at providing global broadband internet. Investments in space tourism are also forecasted to rise, though regulatory and safety challenges remain significant hurdles. Lastly, the advent of space mining is anticipated to become more prominent, with initial exploratory missions laying the groundwork for future commercial endeavors.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.