Trends in Space Technology

• As technological costs rapidly decrease, space technology has become a new frontier for innovation and commercial opportunities. Over the past decade, reductions in satellite size, weight, and power requirements have significantly lowered the costs associated with launches and applications, making space technology more feasible and relevant. We have witnessed the widespread deployment of Low Earth Orbit (LEO) satellite internet connectivity and a substantial increase in private sector participation and innovation in launch vehicles and other space technology applications.

• A 2024 report by McKinsey indicates that the core of the space technology industry—space hardware and service providers—could see revenues exceed $750 billion by 2035.

Technological Concepts

The application of autonomous technology in satellite systems refers to the capability of satellites to independently complete predetermined tasks with little or no ground intervention. This technology integrates advanced sensors, artificial intelligence (AI), machine learning (ML), and autonomous decision-making algorithms, enabling satellites to adapt to environmental changes, perform self-diagnosis and repair, and autonomously plan missions.

Autonomous technology is a key factor in the future development of satellite systems, as it not only enhances...