The global Space Economy was worth over USD$420 billion in 2020 and has been forecasted to grow to over USD$1.1 trillion by 2040. Although Australia contributes approximately 1% to the global space sector, it is currently expected to grow at 7.1% per annum over the next five years. The Australian Space Agency’s goal is to triple the size of the Australian Space Economy from $4B AUD to $12B AUD by 2030 targeting 20,000 new jobs.”
Deloitte is committed to proactively supporting the purposeful growth of the Australian space ecosystem. Our vision is to see the Australian space ecosystem recognised globally as a leader in delivering value to the world’s key industry sectors and to society through new disruptive space-enabled capabilities, business models and by the way we collaborate and create connections across business and government.
Leveraging our breadth and depth of sector expertise across domains such as New Space, Defence and Government we are working closely with multiple businesses and government agencies on a variety of exciting new initiatives that will help to develop Australia’s space sector capability and build strategic space assets to benefit future generations.
Learn about the GRAVITY Challenge.
The Space Sector is global and cross industrial: