The High Growth Potential of Australia’s Space Economy

Australia is well placed to leverage existing strengths and investments in space-related activity, to drive innovation and contribute to Australian leadership in the 21st Century knowledge economy.

In particular, there is a concentration of space industry and research expertise in the ACT and region and the ACT Government has committed to working with the sector to develop a Space Innovation Cluster to help build a significant national industry. The Government, however, and the sector, believe that there is a need for stronger national policy and program leadership to make the most of this opportunity. In particular, national policies should recognise the need to develop new 21st Century industries as well as assisting existing industries to transition to the new economy.