Space Industry Bulletin January 2019
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VOLUME 2 • ISSUE 1 www.spaceindustrybulletin.com Space Industry Bulletin Market analysis and business intelligence for the space community Space Industry Act heralds UK sovereign launch capability ith the granting of The SIA is intended to create Indeed, to this end, the bulk of Royal Assent to the the necessary legal framework the SIA resembles a piece of WSpace Industry Act for the expansion and growth of planning legislation. CONTENTS 2018, the UK is taking legislative the UK space industry. The However, turning to the new steps to regain sovereign launch drafters of the legislation have licencing and liability regime, Industry news 2 l Boeing invests in Isotropic capacity. The Space Industry tried to respond to the demands there is no detail in the Act ex - Systems Act (SIA) represents an of the space industry, sacrificing plaining how this will operate in l Contract to develop ambitious attempt to re- detail and scrutiny upfront for practice. It appears that such constellation satellite bus awarded establish independent launch flexibility in the future. operational matters will be to Airbus capacity and a launch facility Significantly the SIA provides fleshed out by means of dele - l Sector deal questions iraised in the House of Commons within the UK to complement its authority and the bare bones of gated legislation. l ‘Managed’ no-deal Brexit won’t burgeoning small satellite a regulatory framework for the The draft regulations for these be enough industry. authorisation of launches from delegated powers have not yet l First satellite capable of being within the UK. There is provision been promulgated and this lack reprogrammed after launch leaves the UK for assembly and test within the SIA for the creation of detail provoked some contro - l Global defence spending rises at and management of spaceports. versy during the passage of the fastest rate for a decade SIA through parliament. The Gov - Artist's impression of vertical ernment’s view is that the legis - Legislation 6 Space Industry Act heralds launch from UK spaceport. Image lation needs to be flexible. l sovereign launch capability courtesy of Lockheed Martin l Full report page 6 Satellite market analysis 10 l Addressing concerns of space debris in catastrophic collisions Addressing concerns of space l Satellite constellations bring opporunities for UK businesses l Global GIS market to 2025 debris in catastrophic collisions l Business opportunities in Earth observation here is growing concern The IADC has laid down guide - tional law. Consequently, no bind - Space tech investment 16 that the ever-increasing lines for space debris mitigation. ing international norms regulat - l Full year 2018 equity Tpopulation of space ob - These guidelines, which became ing space debris exist today, investments at $3bn jects and, consequently, space the basis for the space debris which is a problem. l Key trends and predictions for debris may lead to catastrophic mitigation guidelines developed l Full report page 10 2019 for space tech start-ups collisions which may lead to a and adopted by UNCOPUOS in Satellite market analysis 14 further increase in orbital debris, 2009, establish a series of mea - l Q3 decline in small satellite threatening future launches and sures and good practices aimed launches doesn’t indicate trend space missions. at reducing the risk of creation l 3,300 satellites to be built over After nearly 60 years of space of debris. next decade in $284bn market exploration, the Space Surveil - These guidelines, however, Future missions 9 lance Network is tracking more are voluntary in nature and not ESA invitations to tender 20 than 750,000 pieces of debris. legally binding under interna - UK Space Agency grants 22 THIS ISSUE IN NUMBERS... Items7 of5 sp0acek debris Full $yea3r 2b018n equity G1IS0 ma% rket $G1lob.a7l de8fentcne Increas9e inx invested S$m3all s0at.el4liteb basn ed being tracked by investments from CAGR between expenditure capital in the Earth connectivity services surveilance bodies venture capitalists 2018 and 2025 through 2018 observation sector revenue forecast Page 10 Page 16 Page 14 Page 4 Page 15 Page 12 Industry news Boeing invests in Contract to Isotropic Systems satellite bus irbus Defense and oeing has announced its Space Inc. has been investment in Isotropic Aawarded a contract BSystems, a London- from the Defense Advanced based startup pioneering Research Projects Agency next-generation solutions to (DARPA) to develop a satellite better connect people and bus in support of the enterprises around the globe. Blackjack program. By taking advantage of DARPA describes the optical beam steering, Blackjack program as an Isotropic's innovative user architecture demonstration terminals can simultaneously intending to show the military connect with several different utility of global low-earth orbit satellites without increasing constellations and mesh cost or complexity. This Boeing’s leadership in space Ventures portfolio startups networks of lower size, weight capability will help enable low- innovation.” Myriota, BridgeSat Inc. and and cost. DARPA wants to buy cost, mass-market broadband Founded in 2013 by chief Accion Systems in advancing commercial satellite buses connectivity for consumers and executive officer John Finney, a the company’s satellite and and pair them with military help companies meet growing former founding member of space-based capabilities. sensors and payloads. The demand for satellite data, O3b Networks, Isotropic has Isotropic is the second UK- bus drives each satellite by mobility and broadband redefined the approach to mass based startup to join the services even in the most distribution of satellite HorizonX portfolio, following remote places. broadband through affordable investment in Reaction Engines “Isotropic’s solution allows infrastructure. “With Boeing, we in April 2018. for increased capabilities at aim to connect individuals and “This investment is another reduced costs for satellite enterprises on a scale that has indication of the strength of the service providers,” said Brian never been seen before," said UK's aerospace and technology Schettler, managing director of Finney. “That legacy of true sectors, and Boeing’s Boeing HorizonX Ventures. global connection will define our commitment to growing in the “This investment accelerates generation.” UK,” said Sir Michael Arthur, the expansion of space-based Isotropic joins Boeing president of Boeing Europe and connectivity services to the subsidiary Millennium Space managing director of Boeing UK mass market and continues Systems and Boeing HorizonX and Ireland. Sector deal questions in House of Commons he Minister for annual growth rate of 6.7%. The Universities, Science, UK has committed to ensuring TResearch and Innovation, that we grow our share of the Chris Skidmore, fielded global space market to 10% by questions on the Space Sector 2030. That offers huge potential Deal and the Government’s for increasing not just our share support in general for the UK of the market, but the UK’s space industry earlier this prosperity and productivity. month. “I hope that the ‘Prosperity Questioned by Mark Garnier, from Space’ report, which was Conservative MP for Wyre published by the space sector Forest, Mr Skidmore noted that and my predecessor, will lead to space capabilities are a deal for the space sector and, fundamental to UK prosperity potentially, to investigation of a and security, while many of the effectively. “That is why the He continued: “The sector national space programme.” parts of the UK’s critical space sector is designated as a currently employs around He added that Brexit would infrastructure – from critical national infrastructure 38,500 people and has grown not impact on the UK’s telecommunications to sector, with efforts focused on significantly since 1999-2000, commitment to the ESA, as this transport – also depend on improving the security of our when 14,651 were working in the is independent of the UK’s services from space to operate critical assets,” he said. sector. That represents an relationship with the EU. 2 www.spaceindustrybulletin.com Industry news ‘Managed’ no-deal develop constellation Brexit won’t be enough awarded to Airbus DS senior economist major challenges, not least of Aimie Stone has voiced which is that the UK is left generating power, controlling programs at Airbus Defense Aconcerns that a without a set of recognised attitude, providing propulsion, and Space. “Airbus is ‘managed’ no-deal – described regulatory standards with the EU transmitting spacecraft committed to growing by some as preferable to the and sub sequentially many UK telemetry, and providing manufacturing capability in negotiated deal – is not enough issued certificates, licenses, general payload the US and our government to support UK businesses, and registrations and authorisations accommodation including customers can leverage this leaves a considerable number of would no longer be valid in the mounting locations for the commercial capability to priority issues to be addressed. EU and EEA. military sensors. develop low-earth orbit She noted that while the UK Further, there will be new “Airbus has previously co- constellations to complement Government has a communic- costs for businesses who trade invested hundreds of millions large existing systems.” ation pack to support across the UK-EU border as of dollars in high-rate businesses in the event of a goods become subject to manufacturing technology no-deal scenario, the European customs declarations, checks,