New Zealand’s Space and Advanced Aviation Sectors Soar

The government has a goal of doubling the size of New Zealand’s space and advanced aviation sectors by 2030, as laid out in the New Zealand Space and Advanced Aviation Strategy 2024 to 2030.

The Innovation for Growth, Charting the Space and Advanced Aviation sectors shows the space sector has grown by 53% since a 2019 report, and contributed nearly $2.5 billion to New Zealand’s economy in 2023-24.

The advanced aviation sector overlaps with the space sector and, measured for the first time, contributed close to $500 million in the same period.

The report outlines the current and future state of the sectors, along with the market size and composition, economic contributions, and barriers and enablers of growth.

The report and an infographic can be read on the MBIE website:

New Zealand Space and Advanced Aviation Sector – Economic Survey