The UK Space Sector has independently assessed the emerging market opportunities open to the UK – potentially worth in excess of £75bn – that will enable us to grow our national share of the worldwide space market predicted to be worth £400bn by 2030.
To capitalise on these opportunities and work directly with organisations operating in these markets, the Space Growth Partnership will oversee the development of Market Challenge Teams.
Each Market Challenge Team will be dynamic, identifying real world challenges and opportunities and work with customers to scale up the development of space-based solutions, making them readily available to the broadest market.
The first Market Challenge Teams will build on existing groups, associations and activities from several organisations within the SGP (Satellite Applications Catapult, UKSpace and Space KTN).
For further information on the Market Challenge Teams please contact us.