UK Space Agency targets increased market share
The UK Space Agency has outlined desires to increase its share in the global space economy from 6.5% to 10% by 2030.
In a report dubbed the ‘Space Growth Action Plan’, the agency reinforced its 2010 ‘Space Innovation and Growth Strategy’ (IGS) by outlining some main recommendations while also setting interim economic targets.
‘This report reaffirms our ambition to grow and identifies the new actions that are needed to deliver further growth,’ the paper explains. ‘These actions underpin the target set in 2010- To grow the UK’s share of the world’s space economy from 6.5% to 10% by 2030.
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Digital Battlespace
-
![Jacobs wins MoD cyber-security support contract]()
Jacobs wins MoD cyber-security support contract
The deal with Jacobs will run until November 2027 and will see the company deliver a range of digital and IT specialist professional services to Defence Digital.
-
![Orbit upgrades two multi-purpose terminals and carries out land testing]()
Orbit upgrades two multi-purpose terminals and carries out land testing
The communications company has upgraded two of its Beyond Line-of-Sight Multi-Purpose Terminals (MBTs) by introducing advancements in satellite communication technology and AI-driven maintenance capabilities.
-
![Norway to receive maritime surveillance satellite data from Kongsberg]()
Norway to receive maritime surveillance satellite data from Kongsberg
Norway's Kongsberg Defence and Aerospace has announced that its subsidiary Kongsberg NanoAvionics will produce three satellites and launch them in 2025.
-
![First South Korean 425 Project observation satellite launched]()
First South Korean 425 Project observation satellite launched
In 2015, South Korea named a consortium of Korea Aerospace Industries (KAI) and Hanwha Systems, along with Thales Alenia Space providing the SAR payload derived from its HE-R1000 product, as preferred bidder to develop new Korea 425 Project reconnaissance satellites.
-
![German military introduces central command and new cyber branch]()
German military introduces central command and new cyber branch
The German defence minister claimed the reforms would mean the 2025 military budget would require an additional €6.5 billion (US$7 billion).
