Demand and supply development

Demand development

Market opportunities

Innovations, policy positions and market disruptions that will influence demand for the Territory space industry include:

  • a fast-growing and fiercely competitive commercial sector
  • falling launch costs
  • escalation of demand for space-related technologies
  • innovative technology solutions (for example, reusable rockets; mass produced satellites; cube, micro and nanosatellites)
  • increased interest from private funding sources in the sector
  • early interest from commercial sector on new markets such as human spaceflight and resource mining
  • enhanced Defence interest in Australia having sovereign capabilities in space
  • increased Australian government investment in the space industry, including:
    • creation of the Australia Space Agency
    • passing of the Space Activities (Launches and Returns) Act 2018
    • investment in satellite technology to enhance GPS accuracy, and
    • partnering with international space agencies on strategic projects.

Market development can also be shaped around the Territory’s:

  • geographic advantage for launch sites
  • memorandum of understanding with Australian Capital Territory and South Australia to collaboratively grow the Australian space economy
  • strong trade connections with countries also interested in the space economy, including Japan
  • demonstrated capacity to develop emerging industries and host niche high-tech strategic operations.

Supply development

Competitive advantages and supply gaps

Priority focus ‘supply development’ areas for the Northern Territory Government will include:

  • evaluation of the ‘enablers for growth’ of Australia’s space industry as identified by the CSIRO
  • analysis of capabilities and gaps
  • enhanced understanding of supply chains
  • increased investment promotion
  • investigating partnership opportunities with research and innovation providers.

Space industry proponents’ supply-oriented focus is likely to concentrate on:

  • workforce development
  • infrastructure development
  • investment attraction
  • research and development.

Last updated: 04 June 2019

Share this page:

Was this page useful?

Describe your experience

More feedback options

To provide comments or suggestions about the NT.GOV.AU website, complete our feedback form.

For all other feedback or enquiries, you must contact the relevant government agency.