The vast amount of data received from space make its storage and analysis heavily dependent on AI and cloud computing. At the same time, the satellite and commercial space sector are progressively using AI to automate equipment construction, foster innovation and boost profitability. Machine learning and AI can support these efforts by changing the way global satellite operators and space agencies operate across key areas: manufacturing, operation, data storage, analytics, telemetry and spectrum usage.
The space industry is a focal point of innovation. From 5G networks and IoT, to Artificial Intelligence and Cloud Computing, the space is an integral part of continuous technical revolution. Commercialization of the Lower Earth Orbit, advances in the materials, batteries and electronics lead to convergence of the space and non-space supply chains. This creates new growth opportunities in established and emerging markets.
The 60-year-old space industry has been transformed by improved access to space, emergence of satellite platforms for Lower Earth Orbit, miniaturization of electronics, changing regulatory environment and growing demand for commercial and consumer applications. The global space industry now spans across multiple markets on Earth and beyond, becoming a key positive element in the technological and economic transformation of our society.