The Economic snapshot presents the size and growth of the Australian space sector from 2016– 17 to 2018– 19.

 

Overview 

The Economic snapshot of the Australian space sector: 2016 17 to 2018 19 is the first biennial snapshot published by the Australian Space Agency. The snapshot contributes to understanding the economic activity generated in the Australian space sector over this period.

This report is based on information about organisations in Australia involved in activities across the space value chain, by sampling and surveying organisations operating in the Australian space sector. This exercise was undertaken with the support of independent consultants Nous Group and Alpha Beta (Accenture). 

 

Key outcomes 

The Economic snapshot finds that from 2016– 17 to 2018– 19 the sector made positive progress towards the Australian Government’s goals to grow the size of the sector and its contribution to the economy. The two years to FY19 saw: 

  • an 11.3 per cent increase in the number of organisations operating in the Australian space sector from FY17 to FY19
  • increased employment with over 1,100 direct space jobs created between FY17 and FY19 
  • steady increase in space sector revenue, from $4.3 billion in FY17 to $4.6 billion in FY19, a 5.8 per cent increase over the two years (an average annual growth rate of 2.9 per cent) 
  • a growing investment pipeline into the Australian civil space sector identified, valued at a total of approximately $2.02 billion. This includes $774.6 million inbound investment from private industry and international space agencies.

 

Publication contents 

Overview

Page 3

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Measuring Australia’s space sector

Page 5

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Australia’s space sector in 2016– 17

Page 9

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Australia’s space sector in 2018– 19

Page 10

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Looking Forward

Page 18

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Appendix A – Methodology and data

Page 23

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Appendix B – Previous studies

Page 26

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Our department recognises the First Peoples of this Nation and their ongoing cultural and spiritual connections to the lands, waters, seas, skies, and communities.

We Acknowledge First Nations Peoples as the Traditional Custodians and Lore Keepers of the oldest living culture and pay respects to their Elders past and present. We extend that respect to all First Nations Peoples.