In 2023, Japan's civil government budget allocation for R&D in space programs was approximately 3.32 billion US Dollars PPP. The forecast for 2024 to 2028 shows a steady increase, reaching 3.6 billion by 2028. Year-on-year, this equates to an approximate growth rate of 1.48% to 1.71%, reflecting stable investment in space R&D. The five-year compound annual growth rate (CAGR) is estimated at roughly 1.65%.
Future trends to watch for include advancements in space technology, potential collaborations with international space agencies, and increased focus on satellite deployment and space exploration, which might lead to further budget enhancements.
