In our latest episode of the “Designing Impactful Innovation” podcast, David Ziegler, vice president of Aerospace and Defense at Dassault Systèmes, discussed the changing dynamics of the space industry and the key areas where businesses can strategically invest to harness the potential of the New Space era.
Here are some key highlights:
- Satellite manufacturing and launch services:
One of the primary areas where businesses can invest in the new space industry is satellite manufacturing and launch services. The demand for satellites is skyrocketing, and the industry forecasts indicate that the number of satellites in orbit will increase exponentially in the coming decade. Investing in satellite manufacturing facilities and launch services can be a lucrative opportunity, especially considering the emergence of smaller, more agile satellite designs and the need for efficient and reliable launch capabilities.
- Nanosatellites and advanced technologies:
Another promising investment area lies in the development and utilization of nanosatellites and advanced technologies. Nanosatellites, typically the size of a shoebox, are revolutionizing the space industry by offering cost-effective solutions for various applications. Investing in the research, development, and manufacturing of nanosatellites can unlock opportunities in sectors such as communication, Earth observation, climate monitoring, and scientific research. Additionally, businesses that focus on developing advanced technologies like miniaturization, integration, and software-hardware integration will play a crucial role in driving innovation in the New Space era.
- Virtual twin experiences and modeling:
Investments in virtual twin experiences and modeling technologies provide a significant edge in the new space industry. Virtual twin experiences enable companies to design and simulate satellites and launchers in a virtual environment, allowing for optimization, error detection, and cost reduction before physical production. Combining virtual twin technology and modeling also ensures mission success, reduces risks and accelerates time to market.
- Cloud compatibility and international collaboration:
The new space industry is characterized by intense competition and the need for international collaboration. Businesses that invest in cloud-compatible solutions, such as the 3DEXPERIENCE platform on the cloud, can provide a collaborative environment for space companies spread across different continents. This investment allows for seamless global collaboration, talent sharing, and faster ramp-up times. Cloud compatibility also addresses the challenge of international collaboration and talent acquisition, enabling companies to leverage a global talent pool and work on cutting-edge space projects.
- Integration of engineering and manufacturing:
Investing in technologies that bridge the gap between engineering and manufacturing is crucial in the New Space era. Companies that provide platforms facilitating digital continuity and product line engineering can revolutionize the manufacturing processes in the space industry. The ability to streamline scheduling, increase production rates, and ensure quality and precision right from the first attempt will be highly sought after. Investments in platforms that connect engineering and manufacturing can significantly improve the efficiency, cost-effectiveness, and overall success of space missions.
The New Space era presents a multitude of investment opportunities for businesses seeking to enter the rapidly evolving space industry. From satellite manufacturing and launch services to advanced technologies, virtual twin experiences, cloud compatibility, and integrated engineering and manufacturing solutions, there are various avenues for strategic investments. By identifying and capitalizing on these areas, businesses can position themselves at the forefront of the space industry’s transformation, contributing to the realization of ambitious space missions, and reaping the benefits of this burgeoning sector.
To delve deeper into these exciting investment prospects and gain valuable insights from industry experts, including David Ziegler, visit the Dassault Systèmes booth at the Paris Air Show from June 19 to June 25, 2023. Discover more about this by visiting the event page.