SPACE CENTRE AUSTRALIA

SPACE INDUSTRY DEVELOPMENT

overview

The Australian and global space industries are rapidly growing. The global space sector is set to nearly triple in the next 20 years (from US$450 billion currently to US$1.1 trillion by 2040). By 2030, the Australian government aims to increase the size of the Australian industry from the current $5 billion to $12 billion by 2030.

The space ‘value chain’ includes research and development and component development and manufacturing at the one end (for the launch vehicle, the payload and of course the satellites in the payload) and operations and applications for the orbiting payloads at the other end. In between, launch services and infrastructure (including assembly, testing and integration of the vehicle and the payload), and including the actual launch facilities provide the essential component linking both ends of the chain.

Satellites are not complete until they are in space — the process of researching, designing and building them is not really finished until they are launched. Further, the services they will provide — to consumers, corporations and governments — cannot take place until the satellite is orbiting. Launch, and ancillary services, are thus a pivotal step in the space value chain — a crucial component of the full ecosystem that makes up the space economy. A space sport is an essential piece of infrastructure that allows this ‘transport’ to take place.

None of the activities before or after launch have value without a successful launch. Further, the cost effectiveness of launch services has important implications for the ongoing success of space endeavours.

To satisfy a growing industry, the market for global launch services will need to grow. Projections of growth in launch demand suggest that the market for Space Centre Australia’s (SCA) services could be up to $610 million a year by 2028, with potential total revenue of up to $5.7 billion between 2022 and 2032.

In a typical operating year by 2030, it is projected that SCA’s activities could increase Australian GDP by 0.06 per cent (compared with what it would otherwise have been). Most of this increase is experienced in Queensland, where gross state product is expected to be 0.3 per cent ($1 416 million) higher than otherwise in 2030.

Employment in Queensland is also expected to increase by around 0.3 per cent, equivalent to 7 200 persons (on a full time equivalent basis) in 2030. These economic changes will be distributed across key regions in Queensland in proportion to each regions’ capacity to supply key services to SCA.

Space Industry Value Chain

Space Industry Outputs

Early eduCATION and STEM

Innovation, Creativity, Entrepreneurship, Flexibility, Soft Skills, Communication, these are just some of the skills that employers now and in the future are looking for in their employees. Digital Technology has brought about a seismic shift in the way we work, play, learn, move, eat, communicate….well everything really! STEM education allows us to foster collaboration, strengthen critical-thinking skills, problem solve, create real-world scenarios, and prepare our kids for the future. Educators around Australia, and the world are incorporating STEM skills, not only in Science, Technology, Engineering, the Arts, and Math’s, but across all subjects and levels. We are talking about skills such as:

• Creativity

• Inquiry Skills

• Design Thinking

• Critical Thinking

• Collaboration….just to name a few

Endeavour Shcolarship space camp

ABOUT THE ENDEAVOUR SCHOLARSHIP FOUNDATION

Apollo 15 Command Module Pilot Colonel Al Worden and global advocate for science, technology, engineering, art, and math (STEAM) education, inspired the Endeavour Scholarship program in 2019.

Managed by the nonprofit Kallman Foundation, a 501(c)(3), the program awards scholarship grants that enable teams of carefully selected secondary school age students, and their teacher chaperones, to participate in the world-renowned International Space Camp in Huntsville, Alabama.

Carrying out Worden’s legacy through advocacy, Apollo 16 Lunar Module Pilot, Brigadier General Charlie Duke, USAF (Ret) has been an ambassador for the program for the past two years, meeting scholarship winners at select awards ceremonies and at Space Camp in July 2022.

The entire roster of ‘Endeavour Scholars’ include students and teachers from the United Arab Emirates, the United Kingdom, Chile, France, Singapore, Australia, Bahrain, and the United States.

The program is funded through the generosity of private-sector corporations and individuals who share Al Worden’s passion for inspiring future generations to work across national boundaries and keep reaching for new horizons. For more information visit www.endeavourscholarship.org

Mission Team 10 Australia Scholarship Winners 2023