Industry news

Space electronics market set to see CAGR of 5.22% to 2024

Space electronics market set to see CAGR of 5.22% to 2024

Analysis of the global space electronics industry highlights that the market generated $1.27 billion in 2018 and is expected to grow at a CAGR of 5.22% during 2019-2024. North America dominated the global space electronics market in 2018, whereas, Asia-Pacific is expected to have the highest growth rate during the forecast period 2019-2024. These are […]

OneWeb takes sustainability into orbit

OneWeb takes sustainability into orbit

OneWeb reaffirmed its focus on responsible space practices with three commitments at the Summit for Space Sustainability, and called on the wider industry to do the same. The commitments are born from OneWeb’s firm belief that the entire space industry bears a shared responsibility for ensuring the potential of the new frontier in mobility, communication […]

Galileo outage builds case for UK GNSS

Galileo outage builds case for UK GNSS

The bodies tasked with assessing the potential for sovereign UK GNSS system can’t fail to have noted the technical issues that hit Galileo over the weekend, with an incident relating to its ground infrastructure interrupting navigation and timing services. At the time of writing, service had not yet been restored and the European Global Navigation […]

Launch of balloon marks the beginning of a new space era

Launch of balloon marks the beginning of a new space era

July 13 saw the launch from Shetland Space Centre of a stratospheric balloon as a test of a system that will eventually deliver small satellites into orbit. Developed by Bristol-based B2Space, the balloon was a scaled down version of its ‘Rockoon’,  carrying complete sets of instruments, trackers and control boards up to a height of […]

Virgin Galactic to go public following merger

Virgin Galactic to go public following merger

Virgin Galactic is preparing to go public following a merger with Social Capital Hedosophia (SCH). The boards of both companies have approved a definitive agreement under which they will merge, with SCH shareholders gaining approximately 49% of the combined company. Upon the closing the transaction, which is expected in the second half of 2019, Virgin […]

Innovation loans offer a share of £10m funding

Innovation loans offer a share of £10m funding

Micro, small or medium sized enterprises can apply for a share of £10m in funding for highly innovative, late stage projects with game-changing ideas and concepts. Loans of between £100,000 and £1 million are available per project. Projects should develop new products and services, or highly innovative uses of existing ones, that are significantly advanced […]

Smaller exporters set to benefit from financing

Smaller exporters set to benefit from financing

Smaller exporters in the UK space sector can now benefit from increased support after UK Export Finance (UKEF) introduced changes that mean a more relaxed line on supporting projects led by overseas contractors. As long as there is at least 20% UK content – an essential aspect for financing – UKEF will now consider applications […]

National space programme will bring coherence to the sector

National space programme will bring coherence to the sector

The UK has a long space heritage, from the launch of Ariel in 1962 which made the UK the third nation in space, to the creation of the UK Space Agency in 2010, with the start of sector cooperation. 2017 saw the UK’s space ambitions move forward again with plans for sovereign low cost launch […]

Will mega-constellations be enough to sustain launchers?

Will mega-constellations be enough to sustain launchers?

The race is on among businesses to bring increased small launch capability to the market, but doubts remain as whether even the volume ambitions of the satellite mega-constellation operators will be enough to sustain so many launch providers. Many commentators agree that there are far more launch vehicles under development than ca be supported under […]