We have a tremendous opportunity in front of us and remain committed to the goal of raising our share of the expected £400 billion global space-enabled market to 10% by 2030.
The greatest challenge now is for the space industry to reach out to other sectors of the UK and global economy that can benefit from space applications, data and services. The aim should be to create a space-enabled economy where space component provide new advantage that lead to growth, new jobs and increased market share in areas not traditionally linked to space.
The Satellite Applications Catapult is a unique technology and innovation company, boosting UK productivity by helping organisations harness the power of satellite based services. It is driven by how its actions help the organisations it works with, both large and small, bring new services to market. By connecting industry and academia, the Catapult gets new research off the ground and into the market more quickly.