Space for Ukraine: Harnessing the Power of Space Technology for Recovery and Growth

Facing unprecedented challenges, Ukraine has shown remarkable resilience and innovation. As the nation fights and rebuilds, space technology is emerging as a critical asset in its recovery and development. Last week, the “Space for Ukraine” conference in Kyiv brought together experts, policymakers, and industry leaders to explore how space technologies can support Ukraine’s reconstruction, economic revitalization, and security.

Beyond the immediate challenges of war and reconstruction, Ukraine has the potential to emerge as a leader in space innovation. By fostering collaboration with global space organisations and aligning with the booming global space economy, Ukraine can develop a robust space industry that contributes to its long-term economic and technological advancement. The IT boom and the rise of a significant smart agriculture sector in the country are excellent examples of Ukraine’s transition to a post-industrial economy.

The global space economy was valued at USD 418 billion in 2024 and is projected to reach USD 788.7 billion by 2034, growing at a CAGR of 6.7%. This growth is driven by advancements in satellite and rocket technologies, which have become more accessible and cost-effective. These innovations allow sectors such as logistics, transportation, retail, and disaster management to enhance their operations through real-time tracking, global communication, and weather forecasting.