The 2024 Space Tech Expo, held on May 14-15 in Long Beach, CA, showcased the latest advancements and trends in the space industry. This year’s event highlighted the significant strides being made in efficiency, reliability, and autonomy, setting the stage for the future of space exploration and commercialization.

Job opportunities within the US space industry grew by 18% between 2018-2023, while a decline in engineering students in college was taking place during the same period. The growing demand of talent in the industry due to increased missions, alongside an aging population, is putting pressure on hiring a skilled, diverse workforce.

Here are some key takeaways from the conference to keep in mind for those looking to source talent.

Evolving Space Industry

The space industry is rapidly evolving, focusing on sustainability, profitability, and diversity. These factors are critical in driving innovation and maintaining competitive advantages. The expo emphasized the need for a diverse workforce and efficient, reliable systems to meet the growing demands of space exploration.

Efficiency

Efficiency in the space industry was a major theme at the expo. Reducing test times and improving the delivery of electrical, electronic, and electro-mechanical (EEE) components are essential. 

The U.S. Space Force’s Space Systems Command has adopted a ‘buy-before-build’ approach, shifting towards high-volume manufacturing and faster lead times. Innovations such as digital twins and model-based systems engineering are being utilized to streamline testing processes and improve efficiency.

Reliability

Reliability remains a cornerstone of the space industry. Continuous funding and a skilled workforce are vital for developing reliable space assets. The expo highlighted the importance of recruiting and retaining top talent, with initiatives like NASA’s STEM partnership with the Department of Education. Despite fluctuations in private investment, the industry continues to see substantial funding, ensuring the development of next-generation assets.

Autonomy

Autonomous systems are becoming increasingly important in space missions. AI and machine learning technologies are being applied to enhance decision-making processes, reduce costs, and improve the efficiency of manufacturing operations. The use of sensors and data analytics allows for predictive maintenance and optimization of space systems.

National Security

The growing reliance on space-based assets for national security was a significant topic. Communication systems, geospatial intelligence, and other space-based technologies play a crucial role in addressing geopolitical challenges. Ensuring the security and resilience of these assets is paramount.

Cyber and Systems Security

Cybersecurity and systems security are critical in protecting space infrastructure. The expo discussed the importance of safeguarding against cyber threats and ensuring the integrity of space systems. As the industry becomes more interconnected, robust security measures are essential to prevent potential disruptions.

Conclusion

The 2024 Space Tech Expo highlighted the industry’s commitment to advancing efficiency, reliability, and autonomy. As the space sector continues to grow, these key areas will drive innovation and ensure the successful execution of ambitious space missions. The focus on sustainability, diversity, and security underscores the industry’s dedication to addressing the challenges of modern space exploration.