By July 17, 2019 Read More →

Leaving the EU is foremost in UK space companies’ concerns

Brexit dominates companies’ concerns for the coming quarter, with space sector businesses lamenting the loss of access to the EU just as those nations are increasing their investment in space. These are among the findings of the inaugural Space Industry Barometer survey.

Asked how confident they were that their company will see growth in the coming quarter, respondents returned an average score of 49%. But that doesn’t tell the whole story. A number of companies were supremely confident, with many responses above 75, a few in the 90s, and a couple indicating that they were 100% confident that they would see growth.

At the other end of the scale, almost a third of respondents registered confidence scores of 25% or less, including three companies who saw virtually zero possibility of growth in the third quarter of the year.

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The Space Industry Barometer survey was conducted between 1 July and 11 July 2019, with 412 companies invited to respond. All responses were anonymous, with companies only asked to indicate their area of business. The next Barometer survey will be conducted in the first week of October, just prior to the UK’s exit from the EU.

BAROMETER SURVEY RESPONDENTS BY INDUSTRY
Research institutions 5%
Earth Observation and other downstream services 25%
Satellite engineering and satellite communications 25%
Propulsion system/launch vehicle engineering 10%
Launch services 5%
Consultancy services 10%
Security and defence 10%
Space software 10%
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