Global Space Market to Grow Significantly Despite the Economic Downturn, Says Frost & Sullivan

LONDON, December 15 - Despite the global financial crisis, revenue-generating opportunities
across the entire space value chain are expected to increase over the medium
to long terms. However, changing dynamics will impel individual industry
participants within specific sub-sectors toward a more complex market.

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New analysis from Frost & Sullivan (www.aerospace.frost.com),
Global Space Industry Stakeholder Mapping, finds that the global space market
earned revenues of $257.00 billion in 2008 and is estimated to reach $300.00
billion by 2017.

"Capacity constraints and alternative applications are dramatically
transforming the overall space industry," says Frost & Sullivan Research
Analyst Aman Pannu. "Market participants who fail to grasp these changes will
struggle to survive, unlike those who have understood them."

While the global space market is currently quite open and accessible, the
drive to increase capabilities within market offerings is pushing large
industry participants to absorb different elements of the space value chain
with strategic partnerships and mergers and acquisitions (M&As). These
potential 'hyper-players' will eventually dominate increasingly large swathes
of the market, leaving the others to compete for whatever low-value market
scraps are left over.

"Major market participants are beginning to understand how they can
command ever larger portions of the overall market," explains Pannu. "Without
a true understanding of the nature and dynamics of this market, they will not
be able to manipulate the future market successfully."

Understanding the potential benefits of strategic partnerships and
alliances and knowing what the market demands in the future will improve the
chances of success for potential market participants. A clear grasp of the
regional and global market as well as the way business is undertaken will
boost revenues in the long term.

If you are interested in more information on this study, please email
Monika Kwiecinska, Corporate Communications, at monika.kwiecinska@frost.com,
with your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the above
information, a brochure will be emailed to you.

Global Space Industry Stakeholder Mapping is part of the Aerospace Growth
Partnership Services program, which also includes research in the following
markets Global Launch Services Market, European Defence Strategic
Communication Market, Middle East Strategic and Tactical communication
Market. All research services included in subscriptions provide detailed
market opportunities and industry trends that have been evaluated following
extensive interviews with market participants.

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                  Global Space Industry Stakeholder Mapping
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    Contact:
    Monika Kwiecinska
    Corporate Communications - Europe
    P: +48-22-390-4127
    F: +48-22-390-4160
    E: monika.kwiecinska@frost.com

    www.frost.com

Monika Kwiecinska, Corporate Communications - Europe of Frost & Sullivan, +48-22-390-4127, fax, +48-22-390-4160, monika.kwiecinska at frost.com