The report discusses the growth and potential of the space economy, emphasizing the need for innovation, talent development, and strategic partnerships to harness its full potential.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publication date: | January 2024 |
| Publisher: | S. Rajaratnam School of International Studies |
| Authors: | Lynette Tan |
| Time horizon: | 2040 |
| Geographic focus: | Global |
The research method involves analyzing the growth trends of the space economy, examining the role of innovation and big data, and assessing the challenges and opportunities in talent development and strategic partnerships within the space industry.
(Generated with the help of GPT-4)
The report highlights the expansion of the global space economy, which reached US$546 billion and is projected to hit a trillion by 2040. It underscores the importance of innovation, experimentation, and big data in the space sector. The report emphasizes the need for a STEM 2.0 revolution to bridge the talent gap and the role of strategic partnerships in unlocking the industry's potential. The space environment offers unique opportunities for research and development, particularly in understanding biological processes and addressing food sustainability. The proliferation of satellites has created a mega data set, which, combined with AI and machine learning, can drive advancements in various fields. However, the space industry remains challenging due to its complexity and the need for specialized skills. Governments and companies must collaborate to develop industry roadmaps and leverage space technologies effectively.
(Generated with the help of GPT-4)
Categories: 2024 publication year | English publication language | 2040 time horizon | 2040s time horizon | Global geographic scope | ai and machine learning | big data | industry roadmaps | innovation | satellite proliferation | space economy | stem education | strategic partnerships | talent development