Polish space industry worth billions of zlotys - report

The value of Polish space industry in 2014, i.e. companies using space technology may have reached PLN 12.5 billion, advisory and outsourcing firm Grant Thornton estimated. According to the Space Foundation, the global space industry is worth some $330 billion, Grant Thornton calculated that the Polish industry's value ranges from PLN 7.3 billion to PLN 12.5 billion. "In this  narrow approach, we took into consideration those companies which largely base their business model on using technology derived from space science and without these solutions they would not be able to continue operations in its present form (e.g. producers of navigating vehicles or other devices based on GPS Technology),"  Grant Thornton explained. In broader terms, the company took into account firms which utilize space technology, but they would operate without them, for instance, airlines. In 2015, the value of the space industry in Poland may range between PLN 8.4 billion and PLN 13.7 billion.