Why Space? The Opportunity for Materials Science and Innovation
Marketing
The global use of advanced materials, including composites and alloys, by space industry technologies, from launch vehicles to satellites, amounts to approximately £1.2 billion each year. It’s noteworthy that the value of these materials increases twofold or more once they undergo further processing downstream in the supply chain to form essential parts of larger components and fabricated structures. In line with the growth trajectories of the space industry over the next decade, the value of the advanced materials in the space industry is projected to expand threefold, reaching an estimated £4 billion by the year 2035.
The ‘Why Space?’ position paper, explains how emerging microgravity research and engineering platforms will open a new market for materials R&D in space.
