Space Technology: Trade Competitiveness
The question
To ask the Secretary of State for Science, Innovation and Technology, what assessment she has made of whether the UK’s global market share in the space sector is increasing or decreasing relative to other G7 countries.
Answered by Kanishka Narayan
As part of its ongoing space policy development, the Department for Science, Innovation and Technology (DSIT) is currently performing analysis of the UK’s global market share in the space sector. This involves the use of commercial data (primarily from Novaspace) to bring together economic data from a wide range of nations and international space organisations. Under our data access agreements, we cannot share any assessment using this data publicly. In its 2023 report Expanding Frontiers, the UKSA estimated that the UK accounted for 5% of global revenue in the space sector but has not published any data on the assessment of if the UK’s global market share is increasing or decreasing relative to other G7 countries.
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