Scale of the Opportunity Dr. Jaime Reed, Space Growth Partnership
Space : still young, still changing What s the next big leap in transforming our world? 1950s 1960s 1970s 1980s 1990s 2010s Core space industry Geosynchronous satellite communications Weather & climate satellites Home broadcasting Global Navigation Systems Global broadband from space? Global real-time imagery? Space enabled industry Internet 3 : everyone, everything, everywhere Societal effect The Apollo effect & a new generation of scientists and engineers Global telecommunications Reliable weather forecasts The discovery of global warming Premium TV Smart devices & location based services Globally aware computing, analytics and AI?
Space is in rude health Globally grew at 4% per year 2010-2015 (The Space Report) Forecast growth of 5% until 2030 (SGP) The main drivers are GNSS driven data consumption, teleport services, DTH, and commercial sat comms
A $287B growth opportunity Ground segment (+3% CAGR) Sat manufacture & launch (+0% CAGR) Sat com operators (+7%) Rapid technology change Other government space (+2%) Commercial EO (+7%) DTH Consumer Units (+7%) Consumer sat radio (+11%) Teleport services (+7%) Shift to 4K/HD & OTT Consumer DTH (+4%) 3D & VR likely to be next major growth area GNSS Devices (+2%) GNSS Data Services (+8%) More LBS Apps AR & VR likely to be next major growth area
Where? North America is easily the largest commercial market @ $80B But also lowest growth, i.e. highly mature and saturated
Source (2000-2015): Tauri Group Increasing Private Investment in Space FORECAST Mostly in US originated companies But dominated by a small number of large deals ( search for unicorns )
Insights Key factor for success in North American market: WORLD BEATING TECHNOLOGY Low rate of growth in this market combined with growth of ultra-rich investors presents new opportunities to enter the market via FDI into UK Even government agencies are increasingly open to investing abroad to import new technology (e.g. NASA, DARPA) e.g. US 3 rd offset
New technologies What are US companies/agencies particularly interested in? Extremely flexible geostationary sats and very high throughput satellites (VHTS) Electric propulsion systems Low Earth Orbit (LEO) mega-constellations (OneWeb, SpaceX ) Real-time EO imagery & analytics; step change in free data (Landsat & Copernicus) Lower cost rockets & propulsion systems Large format detectors at low cost Deployable optics & antennas Portable/mobile antennas and user terminals Space planes and their components Improved integration between GNSS and AR/VR Seamless 3D & VR over satcom High maturity and sophistication of the buyers: generally looking for innovative but de-risked solutions!!
Major US Buyers Boeing NASA Space X Orbital ATK Planet Inc. Google DoD Blue Origin Intelsat DARPA NGA USAF Northrop Grumman Harris Ball Aerospace ViaSat Echostar DirecTV MDA/SSL/DigitalGlobe Lockheed Martin Increasing downstream / proximity to consumers
Space Mission UK an exciting series of entrepreneur missions specifically designed to support UK startups with their ambition to build world-leading space and satellite application companies. Another series of three missions is in planning at the moment Contact Tim Just @ InnovateUK Companies which have benefited already: Alba Orbital (PocketQube Shop) Archangel Aerospace Arralis Technologies Atout Process Ltd Bird.i Blue Skies Space Ltd. Bright Ascension e2e Services Limited Ecometrica Geocento Limited Goonhilly Earth Station Ltd Gyana Limited Mars Space Ltd Open Cosmos Ltd Oxford Space Systems Printech Circuit Laboratories Ltd Realsafe Technologies Rezatec Limited Scot Sat Ltd Sen Sky And Space Global Terrabotics Ltd TISICS Limited
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