What Happened
Asia Pacific Region Set to Capture 52 Percent of Earth Observation Value
The global space economy is expected to soar to $1.8 trillion by 2035, with the Asia-Pacific region set to capture 52% of the value created by Earth observation technologies. Australia’s space sector aims to triple in size and create 20,000 jobs by 2030. The sector’s growth has enormous flow-on benefits for the wider economy and non-space-sector businesses, as satellite data and connectivity enable industries to make better decisions. This growth was reported by INTHEBLACK.