The UK space sector is a world leader in a rapidly expanding global space economy with the opportunity to be at the forefront of unlocking new capabilities and skills.
The 2023 Space Outlook has been produced by ADS in partnership with UKspace and is supported by the UK Space Agency, which highlights the collaborative nature of the sector as we work together with industry, Government and space experts to unlock future growth potential.
The UK space sector directly employs 48,800 people, delivering high value jobs for a highly skilled workforce, and supports 2,300 apprentices across the sector. Turnover growth continues to increase year on year, reaching £17.5 billion in 2022 and adding £7 billion to the UK economy. Space exports valued £5.9 billion to the UK in 2022.
There are significant business opportunities in the UK space sector including in the areas of space capability synergies, civil capability goals and future UK launch capability.
The growth and success of the UK space sector is underpinned by an evolving policy landscape that is based on a close partnership between industry and Government that sets a clear, ambitious path for the future of the space sector in the UK working through the National Space Partnership. The Space Partnership will draw on expert knowledge and insight from across the sector and work to support activities, including the evolution and delivery of UK space policy. The sector looks forward to a focused and empowered partnership, representing the whole breadth and expertise of the sector, which will help drive the delivery of our shared goals.
“With applications ranging from protecting the environment, delivering on national security priorities and a potential launch on the horizon, the vital contribution from the space sector to the UK economy highlights considerable new business opportunities in 2023,” said Aimie Stone, Chief Economist at ADS Group.
“Our Space Outlook, published in partnership with UKspace highlights how ongoing innovation is delivering strategic advantage to the UK.”
View the UK Space Sector Outlook for 2023 below: