A detailed market analysis of the UK space launch opportunity was commissioned by development agency Highlands and Islands Enterprise (HIE) and carried out by RSM UK and SpaceTec Partners, an independent management consulting firm specialising in the international space sector.
Published in 2021, the study concludes that the UK is well-positioned to access a growing global market that will send almost 4,000 small satellites (3,814) into low Earth orbit through 970 launches between 2020 and 2031.
This scale of activity has the potential to generate cumulative spaceport services revenues of around $490m (c£350m) and $5.8 billion (c£4.2 billion) in launch revenues.
