Aerospace is one of four high-growth, high-value industry sectors that ChristchurchNZ has identified with excellent potential to boost the region’s economy. It supports the sector by nurturing the networks that enable ambitious companies to aim high.
Canterbury is the perfect place
Canterbury has the perfect geography and airspace for testing innovative aircraft and autonomous prototypes, and is home to the best in engineering, tech and precision component manufacturing.
The talent is here too, with nearly a third of national aerospace engineering graduates, and nearly a quarter of engineering, coming from Canterbury universities. Ōtautahi is a playground for ambitious people to grow new ideas, new skills, and new connections.
The future is bright
With a current global value of $360 billion, and with that estimated to increase to $2.7 trillion by 2050, the aerospace and future transport industry is bright. New technologies are significantly lowering barriers to entry, while digital transformation and IoT-fuelled demand for space and satellite services is rising.
As for the local economic impact, that’s already estimated to be between $100m and $1bn. And with a city ecosystem packed with talent, tech, future-focused companies and now the infrastructure, that impact is ready to grow.