{"id":6495,"date":"2023-05-08T15:32:11","date_gmt":"2023-05-08T15:32:11","guid":{"rendered":"https:\/\/durolabs.co\/?p=6495"},"modified":"2024-12-16T20:12:07","modified_gmt":"2024-12-16T20:12:07","slug":"transforming-the-space-industry","status":"publish","type":"post","link":"https:\/\/durolabs.co\/blog\/transforming-the-space-industry\/","title":{"rendered":"Transforming the space industry: How cheaper technology and new business models are creating opportunities"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6495\" class=\"elementor elementor-6495\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3826d69b posts-inner-container e-flex e-con-boxed e-con e-child\" data-id=\"3826d69b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5eeb9671 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"5eeb9671\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Since it began over 60 years ago, space exploration has come a long way. Powerful, proven technologies from the commercial sector are now being adapted and used in space exploration. This includes IoT devices, solar panels, and ruggedized hardware. Because of this, commercial companies can now enter the space industry and create incremental revenue streams.<\/p><p>Additionally, lighter, cheaper, more powerful technology, coupled with scalable cloud infrastructure from ISPs such as Amazon and Google, have created new possibilities. This confluence of events has created a\u00a0<a href=\"https:\/\/www2.deloitte.com\/us\/en\/insights\/industry\/aerospace-defense\/future-of-space-economy.html\" target=\"_blank\" rel=\"noopener\">Space Value Chain, as described by Deloitte in a recent article<\/a>. By leveraging this value chain, manufacturers of space technology can monetize valuable services such as satellite data and rockets to businesses that lack expertise in aerospace manufacturing.<\/p><p>This blog discusses what\u2019s changed in the industry. It examines the new opportunities arising for Space Technology as a Service.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-add1517 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"add1517\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What\u2019s changed in the space industry?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69207cb9 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"69207cb9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Deloitte\u2019s research shows that technological advances have driven costs down, resulting in a reorganization of the space industry. But it\u2019s not only about cost reduction, there\u2019s a fundamental change in the space industry business model.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ed614c8 elementor-widget elementor-widget-heading\" data-id=\"5ed614c8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Miniaturization of satellites<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68830882 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"68830882\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Smaller satellites, like SmallSats or CubeSats, orbit at lower altitudes\u00a0so\u00a0don\u2019t need to travel as far before going into service.\u00a0Consequently, the rockets that deploy them don\u2019t need as much fuel,\u00a0their\u00a0payloads\u00a0are smaller\u00a0and lighter, and so are simpler to engineer and are cheaper to make and operate. The economics are compelling:<\/p><ul><li aria-level=\"1\">Smaller rockets traveling shorter distances with lighter payloads require less fuel than their larger counterparts. In turn, the rocket\u2019s structure is simpler because it doesn\u2019t have to endure the same intensity of forces, and manufacturing the rockets is, overall, less expensive.<\/li><li aria-level=\"1\">Furthermore, larger rockets carrying many smaller satellites can now have more paying customers to defray the cost of engineering, building, and launching them. Commercial customers have different funding models and interests. For example, they may be deploying constellations of small satellites to provide telecom and internet services to third-world countries.\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f4fb0bd elementor-widget elementor-widget-heading\" data-id=\"4f4fb0bd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The emergence of commercial revenue streams<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51fcdefd post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"51fcdefd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Companies that invented technologies for products used on Earth can repurpose them to create new products which can be sold to space companies. Technologies used in solar panels, energy management systems, IoT devices, avionics devices, and ruggedized hardware are used in manufacturing factories, hospitals, electric cars, commercial aircraft, robots, and drones, as well as in space vehicles.<\/p><p>As a result, industrial companies with versatile IP, can pivot toward space product applications and build multiple revenue streams which buffer the peaks and troughs of each industry. They can also achieve economies of scale by repackaging their core technologies for the space industry, which gives them an advantage over dedicated commercial Aerospace and Defense companies. In doing this, however, they must adhere to governance standards such as <a href=\"https:\/\/durolabs.co\/blog\/itar-compliance-checklist\/\" target=\"_blank\" rel=\"noopener\">ITAR compliance<\/a>.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17f037f5 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"17f037f5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">New opportunities for space technology<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85da2c1 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"85da2c1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It\u2019s quite common these days to pay for something as a service instead of buying it outright.\u00a0This is because it saves us from having to pay for large equipment and R&amp;D costs, plus the infrastructure needed to use it.\u00a0Services like internet, TV, telecommunications, and clean water supply are all good examples of this.<\/p><blockquote><p><strong>Space-Technology-as-a-service (STaaS) is an exciting new development. It involves the provision of valuable services such as satellite data and the utilization of rockets and satellites. With STaaS, businesses that lack expertise in aerospace manufacturing can easily leverage space vehicles for their new business models without having to worry about designing or building the equipment themselves.\u00a0<\/strong><\/p><\/blockquote><p>For space technology manufacturers like\u00a0<a href=\"https:\/\/www.durolabs.co\/blog\/former-spacex-engineer-breaks-down-the-code-to-successful-hardware-engineering\/\">SpaceX<\/a>,\u00a0<a href=\"https:\/\/durolabs.co\/case-study\/momentus-leverages-duros-interoperability-to-implement-plm-quickly\/\" target=\"_blank\" rel=\"noopener\">Momentus<\/a>, or\u00a0<a href=\"https:\/\/www.durolabs.co\/blog\/customer-spotlight-qa-with-gilmour-space\/\">Gilmour Space<\/a>, STaaS offers the potential to generate a constant revenue stream instead of relying on revenue per single transaction. Moreover, the satellite owner can sell services to multiple paying customers, which helps to amortize investment and establish a strong business model.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b7338d9 elementor-widget elementor-widget-heading\" data-id=\"1b7338d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Emerging innovators disrupting the space industry<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb5c017 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"eb5c017\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Duro works with companies that are pioneering the use of Earth-based technologies for space purposes, including:<\/p><ul><li aria-level=\"1\"><strong><a href=\"https:\/\/www.astroforge.io\/\" target=\"_blank\" rel=\"noopener\">Astroforge<\/a><\/strong>\u00a0The scarcity of certain resources on Earth is a pressing concern, especially as we continue to rely on them for technological advances, from batteries to clean energy. Astroforge\u00a0is developing technology to mine asteroids in space and extract valuable minerals for use on Earth.\u00a0<\/li><li aria-level=\"1\"><strong><a href=\"https:\/\/www.orbitfab.com\/\" target=\"_blank\" rel=\"noopener\">Orbit Fab<\/a><\/strong>\u00a0Launching satellites and rockets with enough fuel to carry out their missions is a major challenge due to the weight of the fuel, which increases the rocket\u2019s payload and engineering complexity. To address this issue,\u00a0Orbit Fab\u00a0is leading the way in developing in-space refueling stations for satellites and rockets. The company\u2019s innovative technology enables spacecraft to refuel in orbit, reducing the cost of launches and extending the life of satellites.<\/li><li aria-level=\"1\"><a href=\"https:\/\/investors.momentus.space\/news-releases\/news-release-details\/momentus-pioneering-propulsion-system-successfully-completes\" target=\"_blank\" rel=\"noopener\"><strong>Momentus Space<\/strong><\/a>\u00a0has developed a revolutionary propulsion system. Its Microwave Electrothermal Thruster (MET) relies on solar power and uses water as a propellant. Water is a more abundant resource accessible on the Moon and elsewhere in space. In addition, this new propulsion method is more cost-effective and environmentally friendly.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00ef5a6 elementor-widget elementor-widget-image\" data-id=\"00ef5a6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/durolabs.co\/success-story\/astroforge\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"124\" src=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/AstroForge-CTA-2.png\" class=\"attachment-full size-full wp-image-16240\" alt=\"AstroForge Case Study\" srcset=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/AstroForge-CTA-2.png 1000w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/AstroForge-CTA-2-300x37.png 300w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/AstroForge-CTA-2-768x95.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d1c353 elementor-widget elementor-widget-heading\" data-id=\"9d1c353\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Diverse applications for new space technologies\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa8a4b7 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"aa8a4b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Additionally, there are emerging possibilities for use of space technology across several industries, from telecommunications to safety and energy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d6d0a08 elementor-widget elementor-widget-heading\" data-id=\"5d6d0a08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Telecommunications<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a3649bd post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"1a3649bd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Space technology has the potential to improve telecommunications and internet access in developing countries. Satellites can connect remote areas without traditional infrastructure. Companies like SpaceX, OneWeb, and Amazon are building constellations to connect the globe.\u00a0<\/p><p>Let\u2019s look at the example of a social media platform exploring ways to expand its subscriber base. They want to reach large under-served markets such as rural India and China but lack the expertise to design and build satellites. Instead, they can contract with a satellite manufacturer to build a customized satellite that meets their specifications, for example, a broadband download speed of at least 500 Mbps and territory coverage of 500,000 square miles. In exchange for the satellite, they commit to subscribing to services such as:<\/p><ul><li aria-level=\"1\">a certain number of hours of satellite broadband operation per month<\/li><li aria-level=\"1\">a specified amount of Mbits\/s data downloaded per hour, and<\/li><li aria-level=\"1\">a specific square mile coverage in India and China.\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7326492e elementor-widget elementor-widget-heading\" data-id=\"7326492e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Climate change monitoring<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4482c90d post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"4482c90d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As the effects of climate change worsen, it\u2019s crucial to have accurate weather forecasts. Extreme weather events, like hurricanes, tornadoes, and heavy rain after droughts, are happening more often and affecting billions of people. Staying informed about the weather using satellite monitoring services will help keep our communities safe. STaaS could be used to help understand the impact of climate change.\u00a0<\/p><p>For example,\u00a0the Amazon rainforest is a critical global resource under threat due to deforestation caused by Brazil\u2019s push for export revenue and the impact of climate change. In 2021 the rainforest reportedly emitted more greenhouse gasses than it absorbed for the first time. With the rainforest spanning over 7,000,000 square km and covering territory belonging to nine nations and 3,344 indigenous territories, monitoring it without using satellites would be a significant challenge. The world needs to monitor deforestation in the Amazon and take action to protect this valuable resource.<\/p><p>But the need for monitoring services doesn\u2019t stop there. Water depletion, rising sea levels,\u00a0<a href=\"https:\/\/www.ospo.noaa.gov\/Products\/ocean\/sst\/contour\/\" target=\"_blank\" rel=\"noopener\">rising temperatures<\/a>\u00a0and droughts are also important to track.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a3f7c07 elementor-widget elementor-widget-heading\" data-id=\"3a3f7c07\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">GPS and personal safety<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67b6560f post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"67b6560f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Space technology can also be utilized for personal safety, especially in remote or hard-to-reach areas. For example, with satellite-based SOS calling from smartphones, individuals in distress can have a lifeline even in regions without reliable terrestrial communication networks. GPS tracking devices can also allow individuals to be located in an emergency. Additionally, vehicle-specific services can provide real-time location tracking for different types of transportation, enhancing safety for both passengers and drivers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b477d68 elementor-widget elementor-widget-heading\" data-id=\"b477d68\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Renewable energy sources<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6431f063 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"6431f063\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The energy sector is also in need of new, sustainable solutions. One such solution is\u00a0<a href=\"https:\/\/www.weforum.org\/agenda\/2022\/11\/solar-farms-in-space-electricity-to-earth-energy-climate-change\/\" target=\"_blank\" rel=\"noopener\">a solar farm in space that can transmit energy wirelessly to Earth<\/a>. Unlike ground-based solar farms, these space-based structures can be positioned in geostationary orbit, receiving sunlight 24\/7, regardless of weather conditions. Energy can be transmitted reliably to Earth, paving the way for clean and renewable energy sources. Although this technology is still in its early stages, it holds immense promise.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb979b1 elementor-widget elementor-widget-image\" data-id=\"bb979b1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/durolabs.co\/success-story\/gilmour-space\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"124\" src=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/08\/Gilmour-updated-banner-1.png\" class=\"attachment-full size-full wp-image-15323\" alt=\"Gilmour Space Case Study\" srcset=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/08\/Gilmour-updated-banner-1.png 1000w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/08\/Gilmour-updated-banner-1-300x37.png 300w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/08\/Gilmour-updated-banner-1-768x95.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-307d5b77 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"307d5b77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What challenges do new tech companies have to overcome?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74fe6521 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"74fe6521\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It\u2019s evident that there is a tremendous potential for expansion in the space tech market. However, there are also challenges materializing. From a build-up of space debris to talent shortages, here are some of the most pressing concerns and what\u2019s needed to overcome them.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2897689 elementor-widget elementor-widget-heading\" data-id=\"2897689\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Increased risk of collisions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ba9221f post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"5ba9221f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The 2009 hypervelocity\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/2009_satellite_collision\">collision<\/a>\u00a0between the Iridium 33 and Cosmos-2251 satellites was a notable accident. Although navigation guidance systems are more sophisticated today, far more countries and companies are launching satellites into orbit in 2023. Cooperation between nations needs to improve to prevent collision incidents from happening.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0bce3c7 elementor-widget elementor-widget-heading\" data-id=\"0bce3c7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">A build-up of space debris<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55ddfcb post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"55ddfcb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Hypervelocity collisions, even between small particles, result in much space debris. Assuming space debris continues to expand because of accidents and abandoned and malfunctioning equipment, the\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Kessler_syndrome\">\u201cKessler Syndrome\u201d<\/a>\u00a0risk becomes increasingly likely.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87fadf1 elementor-widget elementor-widget-heading\" data-id=\"87fadf1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Rogue actors\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2619cfd post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"2619cfd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The same volume economics, which makes the production of SmallSats and CubeSats feasible and benefits humanity, may fall into the hands of rogue actors, terrorists, and enemies of democracy, for their destructive purposes. Consequently, manufacturers must adhere to national and international security standards to mitigate the risk of industrial espionage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01008ba elementor-widget elementor-widget-heading\" data-id=\"01008ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Increasing regulation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19c4248e post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"19c4248e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Ensuring that standards are in place is crucial to mitigate some of the risks described above. As a result, space companies will have to stay on top of and comply with\u00a0emerging regulations, such as the\u00a0<a href=\"https:\/\/www.durolabs.co\/blog\/itar-compliance-checklist\/\">International Traffic in Arms Regulations (ITAR)<\/a>\u00a0or the\u00a0Export Administration Regulations (EAR).\u00a0Trusted Traceability software systems using intelligent \u201cagents\u201d and Blockchain will monitor vast numbers of data transactions of all data generators throughout the supply chain. This hasn\u2019t been achievable before, but now it is.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4137aa6 elementor-widget elementor-widget-image\" data-id=\"4137aa6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/durolabs.co\/aerospace\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"124\" src=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/ITAR-banner-1.png\" class=\"attachment-full size-full wp-image-12843\" alt=\"ITAR Compliance\" srcset=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/ITAR-banner-1.png 1000w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/ITAR-banner-1-300x37.png 300w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/06\/ITAR-banner-1-768x95.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fc301b elementor-widget elementor-widget-heading\" data-id=\"4fc301b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Competitive work environment<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4511c6a6 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"4511c6a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As with any industry, the desire to be the first to market pushes companies to innovate. However, this also puts pressure on them to move quickly. Therefore, it\u2019s best to strike a balance between pushing boundaries and being cautious, especially given space technology\u2019s complexities and potential dangers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ded8d43 elementor-widget elementor-widget-heading\" data-id=\"5ded8d43\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Recruitment and talent shortages<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17f4e51b post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"17f4e51b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Space engineering is a niche field that demands expertise in areas like propulsion systems, guidance and control, and materials science. Finding qualified candidates with these specialized skills can be difficult, which poses a challenge for businesses looking to fill open positions. New programs are required to build up a talent pool and build a diverse workforce.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a3e7f30 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"1a3e7f30\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What does this mean for the engineering department?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b32d36 elementor-widget elementor-widget-heading\" data-id=\"2b32d36\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The definition of an aerospace engineer is changing<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e074150 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"1e074150\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The structure of the space industry is changing because technologies are being repurposed from other industries. As a result, the space industry draws from many talent sources and disciplines beyond the industry itself.<\/p><p>Engineers with vital skills and experience needed by the space industry might not be \u201caerospace engineers\u201d by training. And there\u2019s an opportunity for engineers of various disciplines to enter the expanding space industry. A talent shortage means space companies must engage talent differently. They might hire for fractional roles, co-design with engineers in other countries, or partner with academics and competitors with valuable IP.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e0f1b2 elementor-widget elementor-widget-heading\" data-id=\"4e0f1b2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Engineers must factor in profitability and costs as well as design and feasibility<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de2f08d post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"de2f08d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The miniaturization of electronic components and modules alters the price\/performance ratio. As a result, there\u2019s a lower barrier to entry for new startups.<\/p><p>Additionally, engineering disciplines now focus on profitability as well as invention. Therefore, in the new ecosystem, sourcing must be engineering-driven. To do that successfully, engineers must have access to the global sourcing marketplace and real-time commercial analytics, providing insights into lead time, availability, and price. Then, engineers use this data to optimize their designs upfront for high-priority business parameters.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d39fb6 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"5d39fb6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3 considerations for emerging space companies<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b81b86c post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"b81b86c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As new companies enter the Space Tech industry they should focus on building a culture that facilitates innovation. This means choosing technology that\u2019s easy to use and enables efficiencies as well as setting relevant goals.\u00a0Consider these three steps as you build your business:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d94e886 elementor-widget elementor-widget-heading\" data-id=\"d94e886\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Create a culture that fosters creativity<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9033be9 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"9033be9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Inventing new products and services involves researching, brainstorming ideas, and creating prototypes. How do you foster creativity and novel ideas? It\u2019s better to avoid rigid workflows or established best practices. It\u2019s important for individuals to feel at ease with ambiguity and be able to adapt to changing circumstances. Workers of all positions must be versatile and collaborative, working together to uplift one another. Entrepreneurs and young engineers driven by their own innovative concepts will thrive in this environment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea79719 elementor-widget elementor-widget-heading\" data-id=\"ea79719\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Use flexible technology that\u2019s easy to set up and requires minimal maintenance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19a9bd8 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"19a9bd8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You need suitable software systems in place to support an\u00a0<a href=\"https:\/\/durolabs.co\/blog\/agile-plm-aerospace\/\" target=\"_blank\" rel=\"noopener\">agile engineering process<\/a>. Workflows should allow seamless collaboration with internal and external stakeholders rather than being too restrictive. Additionally, your chosen technology should be user-friendly, low maintenance, and easy to implement. Users should be able to load data, run the system, and connect with other applications independently, given that there may not be a fully-staffed IT department to provide support.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b9e882 elementor-widget elementor-widget-heading\" data-id=\"7b9e882\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Define the right milestones<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7688991 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"7688991\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It\u2019s necessary for every worker to feel like they\u2019re making a difference and contributing to the company\u2019s success. Objectives and Key Results (OKRs) are a common way to ensure that employees work on the right things and achieve their goals. In a mature company, OKRs focus on improving business metrics like lowering costs or improving product quality. However, in a startup, the goals may differ, such as creating the first working product that meets customer requirements or passing the first article inspection for the production version. Regardless of the specific objectives, having clear goals and metrics for success is essential.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e31ec6 post-anchored-tag elementor-widget elementor-widget-heading\" data-id=\"7e31ec6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">See how Duro PLM benefits space tech companies<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef8b132 post-text-block elementor-widget elementor-widget-text-editor\" data-id=\"ef8b132\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"inner wysiwyg\" data-v-0163b48d=\"\"><p>Duro works with leading space tech companies to help them streamline product development and manufacturing \u2014 lowering costs, boosting productivity, and improving product quality and team collaboration.\u00a0<a href=\"https:\/\/www.durolabs.co\/request-demo\/\">Contact<\/a>\u00a0us today to learn more.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f18deb8 elementor-widget elementor-widget-image\" data-id=\"f18deb8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/durolabs.co\/request-demo\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"124\" src=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/05\/Case-study-banners.webp\" class=\"attachment-full size-full wp-image-12073\" alt=\"\" srcset=\"https:\/\/durolabs.co\/wp-content\/uploads\/2024\/05\/Case-study-banners.webp 1000w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/05\/Case-study-banners-300x37.webp 300w, https:\/\/durolabs.co\/wp-content\/uploads\/2024\/05\/Case-study-banners-768x95.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Since it began over 60 years ago, space exploration has come a long way. Powerful, proven technologies from the commercial sector are now being adapted and used in space exploration. This includes IoT devices, solar panels, and ruggedized hardware. Because of this, commercial companies can now enter the space industry and create incremental revenue streams. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6496,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"Discover how commercial technologies like IoT devices and solar panels are transforming the space industry and Space-Technology-as-a-Service.","_seopress_robots_index":"","footnotes":""},"categories":[93],"tags":[],"resource-tag":[74],"class_list":["post-6495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","resource-tag-aerospace"],"acf":[],"_links":{"self":[{"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/posts\/6495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/comments?post=6495"}],"version-history":[{"count":187,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/posts\/6495\/revisions"}],"predecessor-version":[{"id":17686,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/posts\/6495\/revisions\/17686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/media\/6496"}],"wp:attachment":[{"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/media?parent=6495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/categories?post=6495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/tags?post=6495"},{"taxonomy":"resource-tag","embeddable":true,"href":"https:\/\/durolabs.co\/wp-json\/wp\/v2\/resource-tag?post=6495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}