The Alcimed Aeronautics Space Defense team explores the challenges of New Space, linked to the rise of private players aiming to develop a new space economy, and supports its clients in their understanding of this market, their innovation and development projects for new technologies, and their market access strategies.
Challenges related to new space and the new space economy
What is New Space and the new space economy?
New Space refers to a movement born in the United States focused on the privatization of access to space. Being an industry once governed by public funding, New Space features new private actors, namely start-ups, whose objective is to make the space industry accessible and inexpensive.
This new space economy has opened up the space race by multiplying public-private partnerships, accelerating its technological evolution, and reinventing its business model, thereby leading to new technological, economic, political, and regulatory challenges.
What are the challenges related to New Space?
The advent of New Space has profoundly changed the space industry, forcing traditional players to revise their strategies in the face of multiple initiatives from new private players. While this sector is now more accessible than ever, players in the space industry face increasingly critical challenges in order to seize the new opportunities that have opened up.
Among the main challenges facing New Space are:
What technologies should be developed for a new offer? Are they adapted to the needs of the market? What are the main technological barriers to consider? What are the different steps involved in bringing a new space technology to market?
What strategic positioning should we adopt in the value chain? What is the most relevant business model for a new space-as-a-service offer? What are the market needs? Which partners should we target for the successful development of new space services?
How do we ensure the security of space operations? What are the geopolitical risks associated with space activities? How do we ensure digital sovereignty in a new space economy led by American giants?
How have regulations concerning space management evolved? How do we get involved in the legislative ecosystem? What space debris management solutions should be put in place?
How do we support you in your projects related to New Space and the new space economy?
Alcimed supports its clients in the New Space era by understanding the new space economy, its challenges, and its ecosystem of players. In this sense, we have accompanied key players in the aeronautics/space/defense industry as well as public players in the space sector on several strategic and innovative projects carried out alongside decision makers (executive committees, strategy directors, marketing directors, innovation directors, etc.) and project managers.
The topics we deal with incorporate the different challenges of New Space. Accordingly, we support our clients as they work to develop new technologies related to space, carry out studies on existing markets or prospective studies on emerging markets, analyze the existing offer and competition, analyze the needs of this new market, etc. We also support our clients in the analysis of regulations and the strategic choice of public or private partnerships. Finally, we help our clients position themselves in the New Space market by defining new offers and diversification strategies, identifying promising segments of application and associated challenges, and evaluating the most suitable business model, value proposition, and go-to-market strategy, taking into account possible scenarios affecting the evolution of the New Space market in the short and long term.
The types of projects we carry out for our clients in this field are:
EXAMPLES OF RECENT PROJECTS CARRIED OUT FOR OUR CLIENTS IN THE FIELD OF NEW SPACE
Our client asked us to challenge the business model of the space tug by analyzing the return on investment of the services envisaged for 2 types of activities: transport (change of orbit and others) and geo-services (inspection, refueling, etc.). First, we studied the land logistics business models. We then worked in collaboration with our client to evaluate and compare the return on investment and the profitability of the various services envisaged. Finally, we considered and compared 3 service provision models (mono-tug vs. multiple-service tug, centralization hub, etc.). This study allowed our client to identify the MVP - Minimum Viable Product - (package of services and type of tug) that would allow it to achieve a return on investment after 7 years.
In addition, a joint analysis of the needs and expectations of the various players in the ecosystem made it possible to highlight the aforementioned challenges in order to determine how the space race relaunched by New Space allowed the establishment of new inter-state/government collaborations through public-private partnerships.
The result for our client? The realization of a high-level round table covering the challenges of New Space and featuring an international panel (public, private, governmental players, etc.), the relaunch of offers and collaborations related to New Space internationally, the acceleration and creation of incubators around this topic, as well as an increased visibility on the topic.
To do this, we identified and characterized the different market segments of space technologies for in-space manufacturing and assembly, the positioning of players, and the types of associated offers. Furthermore, we analyzed the trends, opportunities, and challenges of the market in the short and long term, then we selected the applications that most appealed to our client. We then assessed, through interviews, the perception and expectations of potential customers and key players in the new space economy (NASA, SpaceX, Northrop Grumman, Maxar Technologies, etc.). This finally enabled us to assess the potential market for manufacturing and assembly technologies in space as well as the barriers to be removed for our client's benefit.
The result for our client? An understanding and a clear short- and long-term vision of the challenges in the market, the ecosystem, and the applications of the greatest appeal, as well as the key actions to be taken to address the in-space manufacturing and assembly market.
Our purpose? Helping both private and public decision-makers explore and develop their uncharted territories: new technologies, new offers, new geographies, possible futures, and new ways to innovate.
Located across eight offices around the world (France, Europe, Singapore and the United States), our team is made up of 220 highly-qualified, multicultural and passionate explorers, with a blended science/technology and business culture.
Our dream? To build a team of 1,000 explorers, to design tomorrow's world hand in hand with our clients.
- Business case
- Business development
- Business models
- Business plan
- Cluster study
- Collaborative projects
- Commercial strategy
- Competitive analysis
- Customer experience
- Dossier creation
- Due diligence
- Go to market
- Innovation consulting
- Innovation process
- Innovation strategy
- Learning expedition
- Market access
- Market study
- New offers
- New services
- Open innovation
- Opportunity evaluation
- Patient pathway
- Product innovation
- Product launch
- Regulatory framework analysis
- Search for funding opportunities
- Search for partners
- State of the art
- Strategic audit
- Strategic foresight
- Strategic positioning
- Test and Learn
- Value proposition