The in-orbit Servicing (IoS) market stands ready to develop quickly, as the successful docking of Northrop Grumman’s Mission Extension Vehicle (MEV-1) with Intelsat 901 in February 2020 kick-starts a flurry of life extension and space tugs in-orbit services technologies.
Space Tourism is one of the most ambitious and exciting opportunities in the satellite and space sector. However, it is also one of the most challenging. For over two decades, numerous commercial entities have been developing the infrastructure, technology, and policy, which would enable space travel and tourism, yet there remains no commercial opportunity today.
The satellite industry is in the midst of the largest transformation since the inception of satellite communications over five decades ago. In this new era that can be referred to as “the 21st-century Space Race”, innovations in space technology have converged to pave the way for a truly disrupt-able environment.
Leveraging the power of cloud computing and Big Data, data analytics is expected to add value across a range of applications. Will the drive for digitization spanning these market verticals suffice to meet industry expectations of customer demand?