|Practice area:||Competition & Antitrust | Downstream Terrestrial Applications | Exploration and Infrastructure | Space|
|Client:||Innovate UK, the Satellite Applications Catapult, UKspace trade association and the UK Space Agency|
|Published:||14 July, 2015|
|Keywords:||qualitative analysis quantitative analysis stakeholder surveys and consultations|
The UK space industry’s annual value grew to £11.8 billion in 2012-13, having grown at an average compound rate of 8.6% year-on-year since 2008-09, with a productivity some 3 times the UK average, according to The Case for Space 2015 report produced by London Economics and launched 14th July at the UK Space Conference.
The study goes beyond the usual industrial impacts to highlight the expansive user benefits and knowledge spillovers across an increasingly diverse range of consumer, commercial and public sector applications, noting that all nine national critical infrastructures rely on space, and almost all sectors of the UK economy would be disrupted in the absence of space services.
The report also estimates usual industrial impacts, and finds that the sector has trebled in size since 2000 and now directly employs 37,000 people, supporting an estimated 115,000 jobs in total.
The Final Report is split into three volumes, available below: