April 30, 2020
The reason Australia’s space industry is expected to grow at an annualised rate of up to three times that of GDP over the decade to 2023-24 is because the space sector is no longer restricted to governments. It is becoming a fast-growing and fiercely commercial sector, driven by falling costs of launch and rapid technology development. This means the time is right for Australian industry to leverage its competitive advantages that can support the growing space economy, including in advanced manufacturing, automation and robotics, and next generation communications. We have amazing companies, from those working in robotics that can support activities in space, Artificial Intelligence that will assist satellite activities, and new rocket technology. However, there are also companies working in a range of manufacturing fields that could apply their trade to space. For example, companies specialising in the 3D printing of metals that could withstand the extreme conditions of space. We’ve seen…