- The UK space sector has seen a 7.7% increase in income, reaching £17.5 billion.
- Job opportunities within the sector have also increased by 3.2%, providing employment for over 45,000 people.
- The growth in the space sector has been attributed to the development of new satellite technologies and increased demand for satellite services.
The UK space sector has seen significant growth over the past year, with income reaching £17.5 billion, a 7.7% increase from the previous year. The growth in income has been attributed to the development of new satellite technologies and increased demand for satellite services.
Job opportunities within the sector have also increased, with over 45,000 people now employed in the UK space sector. This represents a 3.2% increase from the previous year. The growth in jobs is expected to continue as the sector expands, creating new employment opportunities for people with a range of skills and qualifications.
The UK space sector has been identified as a key area for growth by the government, and significant investment has been made to support its development. The sector has already seen the launch of a number of new satellites and the development of cutting-edge technologies to support satellite communications and imaging.
The growth of the UK space sector is also having a positive impact on the wider economy. The development of new technologies and services is creating new business opportunities and driving innovation across a range of industries. The sector is also supporting the growth of the UK’s digital infrastructure, providing vital communications services for businesses and individuals across the country.
Source: Gov[Dot]UK
