Space industry

Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. Owing to the prominence of satellite-related activities, some sources use the term satellite industry interchangeably with the term space industry. The term space business has also been used. A narrow definition of the space industry typically encompasses only hardware providers (primarily those that manufacture launch vehicles and satellites). This definition does not exclude certain activities, such as space tourism. Therefore, more broadly, the space industry can be described as the activities of the companies and organizations involved in the space economy, and providing goods and services related to space. The space economy has been defined as "all public and private actors involved in developing and providing space-enabled products and services. It comprises a long value-added chaining, starting with research and development actors and manufacturers of space hardware and ending with the providers of space-enabled products and services to final users."