The Government of Canada released the State of the Canadian Space Sector Report 2023 report, which shows that in 2022, the country's space sector generated $3.2 billion for Canada's economy and over $5 billion in revenues while supporting over 25,000 jobs across the country.
"Continuous investments in Canada's vibrant space sector demonstrate our unwavering commitment to opening new commercial opportunities and paving the way for a dynamic future in space exploration. These efforts have a direct impact on the socio-economic benefits for Canadians here on Earth. They drive economic growth, contribute to a highly skilled workforce, and take innovative technology to the next level,” commented The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
Long-Term Growth of Canada’s Space Sector
The Canadian Space Agency is investing $15 million in 16 Canadian organizations aimed at advancing the next generation of cutting-edge space technologies.
This investment reaffirms the Government of Canada's commitment to fostering the long-term growth of the space sector. It will support 22 innovative projects across various fields including imaging and quantum technologies, satellite navigation, Earth observation, and lunar exploration. Among them are groundbreaking innovations that could inform the design of future rover missions.
The Government of Canada is committed to helping unlock the full potential of Canada's space sector by supporting organizations that play a crucial role in addressing challenges such as climate change, natural disaster response, food production, remote healthcare and improving Internet connectivity.
By providing a wide range of opportunities to both established players and rising stars, Canada ensures a bright future for its space sector and continues to invest in innovative solutions to important issues, both on Earth and in space.
"Space solutions power our daily lives, drive innovation, and create high-quality jobs in vibrant companies across Canada. Satellites in space help us monitor and sustain Canada's lands, waters and resources. Building on our decades of expertise, we're developing cutting-edge technologies and advancing space science. These investments directly contribute to improving the lives of Canadians right here on Earth and position Canada as a key player in the global space industry for the long term,” stated Lisa Campbell, Canadian Space Agency President.
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