8th SpaceTech Symposium 28 June 2019, ESA ESTEC, Noordwijk, the Netherlands
Space 4.0 : Management & Monitoring of the Environment
Space 4.0 services from space allow for remote environmental monitoring of resources such as:
The NewSpace sector is expected to grow from a $350 billion global industry in 2018 to a trillion dollar one by 2040, according to a Morgan Stanley report. Given these forecasts it is not clear how the market will expand, will there be more mergers and acquisitions, initial public offerings, initial coin offerings or just companies remaining private?
Josh Jackson, executive vice president and general manager of SAIC’s Solutions and Technology Group, said SAIC is working with around a dozen startups through accelerators in Austin, Texas and Colorado Springs, Colorado, to make their technology more available to U.S. government customers.
Commissioners speaking this week at the Conference on European Space Policy in Brussels said the continued reservations of European investors about financing space startups is hampering Europe’s ability to keep pace with similar startup activity in the United States.
While everybody is rightly celebrating recent successes in commercial space, some long-term trends are just beginning. It is still early days, and significant growth and new opportunities are just around the corner.
Forecasts that predict the space industry to grow to a trillion dollars by the 2040s will require the development of new markets, even with the modest annual growth rates needed to achieve that goal.
The space race of old was between governments, but we may be on the brink of a 21st century private space race on an international scale.
Owing partly to the emergence of small satellites, NewSpace startups are disrupting commercial space by addressing these and other questions on shoestring budgets compared to government programs.