The space economy is expected to be worth $1.8 trillion by 2035 as satellite and rocket-enabled technologies become increasingly prevalent, according to a new WEF report. It also promises to help tackle some of the world’s greatest challenges, such as climate change.
Since the 1970s ABB has contributed to some of the world’s most innovative space science projects. Collaborations with global space agencies and other partners have placed ABB solutions on satellites, space telescopes and even on Mars.
For example, participation in the Canadian SCISAT mission and the Japanese GOSAT series of satellites, has placed ABB at the forefront of greenhouse gas monitoring from space for more than two decades. And weather agencies across the world base their predictions on ABB equipment flying onboard the US National Oceanographic and Atmospheric Administration (NOAA) weather satellites (NPP and JPSS).