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Australia’s space sector has broad-ranging impacts, touching virtually every sector of the Australian economy.

International

  • Opportunities for global partnerships in the space sector for Australia are growing, for example the UK’s International Partnership Program.
  • Australia has a good reputation internationally as a country that punches above its weight in technology fields. With 0.3 per cent of the world’s population, Australia produces more than 4 per cent of the world’s scientific publications,[1] and is a trusted supplier in international markets.
  • Australia can attract international investment through a whole-of-government approach, leveraging others’ activity in a coordinated approach across government to the benefit of the space sector.

National

  • The space sector is no longer restricted to governments, becoming a fast-growing and fiercely commercial sector, driven by falling costs of launch and rapid technology development.
  • Australia has a geographical advantage with a unique view into the galaxy, which supports areas such as space communications, space situational awareness, and remote asset management.
  • The Australian space sector is growing – in the last five years at 10.1 per cent, and forecast for 7.1 per cent over the next five years, outpacing GDP – and has a common vision for success.[2]
  • Collaboration between our R&D sector and industry is growing.[3] With lower costs and clear benefits to participation in space activities, the number of new start-ups is increasing.
  • There are many ancillary services to the space sector such as legal, marketing, finance, and technical and regulatory activities.
  • The Australian space economy demonstrates strong performance in downstream activities, and there is opportunity to build upstream capabilities.[4]
  • Australia can grow capability in integrating space data and leverage data analysis for innovative space services and technology.
  • Australia’s civil space businesses can provide capability to support our national defence capability.

All Australian market sectors get direct or spillover benefits from space-enabled services and practical applications of space capabilities, including finance, agriculture, mining, health and tourism.

 

Footnotes:

  • [1] Office of the Chief Economist Australian Innovation System Report 2017
  • [2] IBISWorld Industry Report OD5545 Satellite Communications and Astronauts in Australia, November 2018, page 10
  • [3] OECD The Space Economy at a Glance 2014, pages 86-87
  • [4] Upstream activities focus on sending objects into space and space exploration, while downstream uses the data and technology from upstream in a range of different applications.