Victoria – The Space Industry’s Capital in Australia?

The Australian Space Industry is growing rapidly and one of its epicentres is Victoria.

Australia’s Space Industry employs around 10,000 people and was worth AU$ 3.9 billion by the end of 2016 according to data published by the Australian Government in March this year.

Since then, it has undoubtedly grown even further and this growth is set to accelerate which is what makes the decision on where to locate Australia’s Space Agency so important.

Victoria is the front runner with a government backed campaign launched this year. So why Victoria?

Well, advocates say that it is already home to one in five of Australia’s space and science related companies.

They also point out that Victoria is ideally placed both geographically and commercially to be the centre of the space industry in Australia and attract global investment.

Many of the world’s biggest names in aerospace (some of which, Ronson Gears can count amongst our client base) have operations in Victoria. Names like, Lockheed Martin, Thales, Boeing & BAE Systems.

The global space industry is set to be worth more than $1 trillion by 2040. The aspiration is that Victoria could play a key role in ensuring that Australia’s market share increases by tens of billions of dollars and creates 20,000 jobs.

Ben Carroll, Minister for Industry and Employment puts it like this. “Victoria has generations of manufacturing experience and major companies willing to invest. This makes us the perfect home for The Australian Space Industry.”

Ronson are with them all the way!

The initial article published in Aviation/Aerospace Australia is linked here.

And the Government data published in March 2018 is within this link.