economic report<\/a>\u00a0released earlier this year shows space sector revenues increased 53% to $2.68 billion in the five years to 2024, and the advanced aviation sector, which overlaps with the space sector, had a total estimated revenue of $530 million in 2024.<\/p>\n\u201cOur space and advanced aviation sectors are more than just rockets, drones and satellites. They\u2019re about advanced manufacturing, AI and autonomy, earth monitoring and next-generation mobility.\u00a0<\/p>\n
\u201cThe sectors are also about building a high-tech economy that delivers high-value jobs and solutions to global challenges.\u201d\u00a0<\/p>\n
Minister Collins said New Zealand was on track to establish a world-leading regulatory environment for the sectors.<\/p>\n
\u201cBy the end of this year, we will have put in place a regulatory sandbox where tests can be carried out freely and safely,\u201d she said.<\/p>\n
\u201cNew Zealand\u2019s approach to advanced aviation regulations is proving to be world-leading and will attract more interest from overseas players keen to take advantage of a safe and responsive and regulatory environment.<\/p>\n
\u201cIn July we passed new legislation to deter foreign interference and protect New Zealand\u2019s national interests and national security through a new regulatory regime for operators of ground-based space infrastructure.<\/p>\n
\u201cIn terms of a national space mission, our first objective is to develop our sovereign space capabilities, and I expect I will have more to say about this by the end of the year.\u00a0<\/p>\n
\u201cAll of this is evidence New Zealand\u2019s space and advanced aviation sectors are no longer emerging, they\u2019re here and they\u2019re accelerating.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Space Minister, Judith Collins says New Zealand\u2019s space and advanced aviation sectors are entering a phase defined by…\n","protected":false},"author":2,"featured_media":185467,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[90,416,56,54,55],"class_list":{"0":"post-185466","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-space","8":"tag-science","9":"tag-space","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/185466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=185466"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/185466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/185467"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=185466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=185466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=185466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}