Capitalize on the commercialization of Australia’s evolving space ecosystem as the country seeks to build new capabilities in satellite technology.
The global Space Economy is currently worth over USD$420 billion (as of 2020) and is forecasted to grow to over USD$1.1 trillion by 2040. Australia’s space sector, which contributes approximately 1% to the global space sector, is expected to grow at 7.1% per annum over the next five years, boosted by federal government commitments to triple its size to A$12 billion and create up to 20,000 new jobs by 2030.
There are huge opportunities for those looking to leverage emerging technologies to create disruptive new space-enabled innovations. 3D printing, reusable space launch vehicles and more efficient manufacturing techniques are enabling companies to reach their space objectives faster and cheaper. As a result, a profound change is occurring in the relationship between government institutions, space organizations and original equipment manufacturers.
Dassault Systèmes’ experts will be engaging with leading industry players at the Australian Space Summit 2022, to discuss these latest trends and exciting opportunities to boost Australia’s space capabilities.