New statement charts Australia's future in space
Website search Joint media release with Assistant Minister for Science, Technology and the Digital Economy, Dr Andrew Charlton MP. The Albanese Labor Government is backing Australia’s space industry to capture the growing opportunities of the global space economy and creating good Aussie jobs – announcing today a landmark Statement on Space. The Statement on Space makes clear the Government’s vision for the sector and focus areas to support the local space industry to increase local industrial capability, move up the value chain, and extend reach further into global markets.
Australia’s space sector is vital to Australia’s economic resilience and national security, creating export opportunities in a rapidly growing global space economy. The global space economy is expected to reach US$1.8 trillion by 2035, with more than half a billion dollars in private and public investments going into the sector in the last 18 months. Australian companies are using their expertise to build Australian capability in rockets, satellites, positioning and advanced navigation technologies, hypersonic aircraft, robotics and advanced manufacturing.
To date, the Albanese Labor Government’s National Reconstruction Fund has invested almost $200 million across six companies, supporting 600 jobs which is expected to more than double. The Statement identifies five focus areas where Australia’s space capability has unique opportunities, has market potential, and supports national resilience. The focus areas are: Trusted space services Spaceflight ecosystem Space platforms Microgravity ecosystem Exploration technologies The Statement also identifies where Government activity can enable conditions for greater investment, coordination and delivery.
As a first step to give life to the Statement, the Government has also issued a new Statement of Expectations to the Australian Space Agency, focused on speeding up regulatory approvals and modernising the regulatory framework for emerging activities. With more than 30,000 human-made objects being tracked in space, it also makes clear the Government’s expectation the agency should focus on community safety, through an increased focus on space monitoring.
The Australian Space Agency will lead targeted consultation with industry, academia and government stakeholders to develop the detailed actions that will support growth of the space sector. These are expected to be released later this year. The full Statement on Space can be accessed Quotes attributable to Minister for Industry and Innovation and Minister for Science Tim Ayres: “The Government’s Future Made in Australia plan is about harnessing Australia’s industrial capability to boost Australia’s economy, security, and national resilience and create secure hands-on manufacturing and engineering jobs.
“Australia’s space sector is seeing exciting and diverse applications right across Australia’s cities and regions. “The Albanese Government’s Statement on Space provides direction and focus so that we can further grow Australia’s space capability, support national priorities and connect to global opportunity. “We want to see more Australian ideas commercialised, more Australian technology deployed globally, and more of the economic value harnessed here at home.” Quotes attributable to Assistant Minister for Science, Technology and the Digital Economy, Dr Andrew Charlton MP: “The Statement on Space is a clear indication of Australia’s priorities and ambitions for our space sector, which is a critical enabler across our economy.
“We know there is immense investment appetite and the Statement on Space will support Australian organisations to maximise this opportunity and deliver real economic outcomes for Australians.” Quotes attributable to Head of Australian Space Agency Enrico Palermo: “Australia is already an appealing and trusted partner in space. This Statement strengthens that case so our industry can contribute in a way that embeds them into global supply chains and delivers economic benefits here at home.” “The five Focus Areas provide a basis to target effort where Australian industry capability can support national needs, connect into global demand, open market pathways, and contribute to the productivity, resilience and security of Australia’s economy.” The Department of Industry, Science and Resources recognises the First Peoples of this Nation and their ongoing cultural and spiritual connections to the lands, waters, seas, skies, and communities.
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