Virtualization Helps the “New Space” Sector Accelerate Space Travel

by David Ziegler, VP Industry Aerospace and Defense at Dassault Systèmes

Date: Issue 127 - December 2023

The commercial space industry driven by private organizations is making giant leaps in space tourism, exploration and satellite technology. To further develop this rapidly growing industry Dassault Systèmes’ 3D solutions can help accelerate the necessary innovations in a risk-free way by leveraging the already present knowledge of shuttle systems and space transport. As Dassault Systèmes, we partner with space companies to enable them to design a system right the first time with the required quality, reliability and safety while maintaining their competitive edge. We help space companies to accelerate their space programs from concept to launch by up to 50 percent. 

The growing New Space industry could become a $1.4 trillion market by 2040, according to Morgan Stanley. The projections signal an increasingly competitive environment in which the most innovative, agile companies will rise to the top. The new space race requires equally advanced tools to design, test, develop and launch products quickly and effectively. While private pure-play space companies will lead the way towards a $1.4 trillion space economy, established aerospace primes will play an important role as partners and in introducing new technologies or innovative applications of existing technologies. According to Supriya Chakrabarti’s (Professor of Physics, UMass Lowell) article published at The Conversation in 2021, Groups that track satellite launches don’t always report the same exact numbers, but the overall pace of growth is clear:  while over the second half of the 20th century roughly 60 to 100 satellites launched yearly until the early 2010s, by 2020, 114 launches carried around 1,300 satellites to space. In 2021, there was an estimated total of 4,877 active satellites orbiting the Earth, an increase from 3,291 in 2020 that alone creates more problems and requires forward solutions, especially when it comes to sustainability and innovation speed.