Broadband speeds could benefit from satellite technology.
Typical broadband speeds could become much faster in the future if the capacity of satellites to store information is increased, a new report suggests.
According to the Space Innovation and Growth Strategy, published by trade organisation UKspace, the global space market will be worth over £400bn by 2030.
The body expects major growth in opportunities in the telecommunications field over the next 10 years, including broadband internet from space and internet on the move.
Richard Peckham, chairman of UKspace, said that "fast speeds" are possible in space, but that the exact speed depends on the width of the beams and the number of people sharing the service.
The expert noted that further advances in technology will be required to enable more memory capacity, explaining: "It's going to be a gradual move up there, so we'll know more in five to 10 years."
At present, the UK is placed 26th on the list of countries with the fastest broadband speeds, according to a survey by internet technology firm Akamai.
The report, which was published in January, showed that South Korea has the fastest speeds, with an average of 14.6 Mbps, while the UK's average speed is just 3.5 Mbps.
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