Space Capability has been saved
Positioning Australia at the forefront of the Space sector
Deloitte has breadth and depth of expertise across industry domains that brings together corporates, governments, start-ups and enterprises to create the businesses of the future.
The global space economy is currently worth over USD$130 billion today and is forecasted to grow to over USD$1.1 trillion by 2040. Although Australia contributes approximately 1% to the global space sector, this is expected to grow at 7.1% per annum over the next five years.
Through our unmatched depth in industry and our proven expertise in- market, we work with our clients to establish a growing ecosystem of leading, capable and space-enabled organizations that sit at the forefront of the Space sector’s capability.
Learn more about the GRAVITY Challenge here
Our knowledge of the Space sector is global and cross industrial:
Agriculture, Meteorology and the Environment: Earth observation (EO) data will provide key inputs for monitoring soil, rainfall, snow cover, drought and crop development.
Transport, Logistics and Smart Cities: Earth Observation offers the ability to analyse and monitor transport networks by detecting and counting vehicles on roads, freight vehicles, aircrafts and monitoring road structure and congestion management.
Defence, Security and Surveillance: With space proficiency becoming more sophisticated, governments are strengthening intelligence, surveillance, reconnaissance and disaster response capabilities.
Mining and Exploration: Opportunities for the Space Industry to impact mining are twofold – either improving existing Earth-based mining practices (e.g. global positioning and communications advances), or new resource exploration opportunities (such as asteroid mining).
Telecommunications and Connectivity: The introduction of machine learning, AI, IoT and nanosatellites constellations has opened the doors to improved connectivity and lower than latencies. This will touch many sectors and provide access to education and healthcare resources in remote regions.
Health and Pharmaceuticals: Satellite imagery allows us to monitor spread of diseases, health vegetation, climate changes, atmosphere changes and pollution concentration. In addition, the pharma industry can benefit from manufacturing experiments off-earth.
Travel and Tourism: The tourism and leisure industries currently use high resolution imagery and GOS data to evaluate and assess touristic attractions such as resorts, extreme sports arenas and provide touristic accurate up-to-date detailed mapping of their touristic destinations.
Insurance, Finance and Retail: Earth observation helps insurers and financial institutions to better understand and analyse the impact of natural disasters, identify infrastructure that has been damaged and estimate the overall financial damage cost.
Space Exploration and Operations: Upstream space capabilities such as launch, manufacturing, automation and robotics have a pivotal role in enabling downstream capabilities supported by industry demand. Space companies around the world are developing sovereign capabilities to design, manufacture and test space systems for future space exploration and operations.
Published: August 2020