This edition of the ‘Size & Health of the UK Space Industry’ comes at a uniquely challenging time. The research was undertaken during the ongoing COVID-19 pandemic, and the period of analysis (2017/18-2018/19, with a forecasted estimate for 2019/20) provides insights into the industry’s preparation for the UK’s exit from the European Union (EU). Accordingly, this 2020 study was designed as a ‘light touch’ update – a focus on core metrics and innovative exploitation of secondary data allowed a streamlined online survey to minimise industry burden whilst providing a new wave of historically consistent time series data.
In spite of the challenges, there are a number of positive findings, including modest growth, a large increase in industry population (fuelled by new incorporations, signifying a healthy ecosystem), plus strong optimism for the next 3 years. The importance of satellites to the wider economy continues to grow, with over £360 billion of UK economic activity now supported. The findings are based on research of 1,218 UK-based organisations with space-related activities, comprising 279 survey responses plus desk-based research of over 1,000 organisations.