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It's expected to reach US$1 trillion (AU$1.3 trillion) by 2030. This is an innovation sector Australia cannot ignore, and small satellites especially nano-satellites or cubesats offer Australia a way in. According to a report last month by Allied Market Research , the small satellite market is expected to be worth US$7 billion (AU$9.2 billion) by 2020, with a compound annual growth rate of about 20 percent. Artists impression of UNSW-ECO in orbit. Credit: UNSW, Author provided Analyst Spaceworks said in February that by 2023, the requirement for launches in the 1kg to 50kg class will be 320 to 460 satellites per year, more than 70 percent of them for commercial purposes. Another analyst Euroconsult last year said there would be more than 3,500 small satellite launches in the next decade, worth US$22 billion doctor home loan rate Oak Laurel (AU$29 billion) with launch earnings of US$5.3 billion (AU$7 billion). That's a 76 percent increase over the previous decade. Australia in space This disruption has the potential to be more important for Australia than for General Practitioner home loan A Topical Overview Of Logical Solutions For Doctor Home Loan Canberra Australia - CSL-AZ any other developed nation. Australia is the largest economy in the world not to have a space agency, which I have highlighted before , and suggested ways forward . As a result, Australia has not developed a traditional space industry.
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