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Whilst the Catapult is focusing on a selection of market areas with intensity, there is a need to remain open to opportunities that reside beyond their scope. Similarly, smart decisions are needed to guide where the next intensive activities should be focused. “Explore Markets” is the place in the Catapult where this happens.
To guide this the following activities are undertaken:
Improving the monitoring of infrastructures, enabling more cost effective maintenance to take place, has an additional benefit of minimising potential disruptions to users. We're also looking at changing the initial design and construction by reducing the amount of over-engineering that is included.
Significant budgets, critical infrastructures, traditional processes and a safety-minded culture means that the sector is often perceived as slow to evolve and lacking in incentive to change. We're looking at whether the space sector can transfer its know-how into this sector and make a significant impact to the UK economy.
This is a largely unknown and untouched market for the space sector but a huge market in general with a high volume of intelligence-led decisions requiring a competitive edge. We're exploring opportunities for satellite data to improve efficiencies within this market of which the first topic being investigated is Sustainable Finance.Find out more about Sustainable Finance
The energy sector is a huge market of opportunity for cost-efficient solutions, and we're exploring the applicability of satellite data for this area. We're looking at linking renewables (including domestic), increasing demand (e.g. electric cars), and network management to cope with domestic production. The approach to this market is still in its scoping phase.
Click the button to get in touch with the Exploring New Markets team for collaboration enquiries or for further information on our work in this area.