The significant advancements made by space tourism companies like SpaceX, Blue Origin, and Virgin Galactic recently have ignited a spark in space tourism. Therefore stock in artificial intelligence is growing exponentially.
According to CXOtoday.com, the space sensors and actuators market was valued at approximately USD 3.3 billion in 2021 and is growing exponentially at 18.5% over the forecast period 2021-2026.
Investors and space agencies alike have been gearing up, to make their mark on this industry.
Challenges And Advancements In Space Traveling
With the growing interest in space tourism, there has been rapid technological development, increasing investment in the space-traveling R&D sector, and the development of AI-based robots.
Space travel in the future without human inference is not possible. However, with the integration of AI with space vehicles, various aspects can be eased and improved with automation. They include mobility, rectifying data transmission glitches, the safety of travelers, and improved travel efficiency.
According to The Guardian, Dr. Larissa Suzuki, who has worked on projects such as building the Interplanetary Internet with NASA/JPL, presented her views on next-generation space communication at an IEEE meeting. She highlighted the envisioned system that will let astronauts communicate their instructions and queries and enable space vehicles to relay alerts and share intriguing discoveries from the solar system and beyond.
Moreover, NASA is actively developing a cutting-edge system using a natural-language interface that can prove to be a boon for space travel in the future.
Indeed, AI is expected to revolutionize the industry by automating various processes involved in space travel, such as intelligent scheduling, monitoring, and maintenance of spaceships in zero-gravity environments and beyond.
As we look forward to space tourism becoming a reality, the role of Artificial Intelligence in space tourism is becoming increasingly relevant.
Investors investing or planning to invest in space tourism have expressed their optimism toward the role of AI in the industry. In an interview with CNBC, Sir Richard Branson, the founder of the spaceflight corporation Virgin Galactic expressed his vision for the future of space tourism.
He quotes, “There’s room for 20 space companies to take people up there. The more spaceships we can build, the more we can bring the price down, and the more we’ll be able to satisfy demand, and that will happen over the years to come.”
When will space tourism be affordable – this is one of the major problems this industry is facing. AI is the future of space tourism, and looking at the space tourism market size, there could not be a better time to invest in this industry. Investing in AI might not cut costs but will add a new trajectory to the overall space travel experience, solving current problems with space tourism.
How Can Artificial Intelligence Benefit Space Traveling?
As of now, space tourism companies like Virgin Galactic and Blue Origin are flying spacecraft to the edge of space while SpaceX goes further into orbit.
Is space tourism a good idea? From an environmental point of view, it might not, but innovation calls for creation!
There are ways to mitigate it, such as reusable spacecraft and carbon-neutral fuels and space tourism companies are successfully solving this problem.
A major challenge with the Falcon 9/Dragon system of SpaceX is that even with the reusable booster and capsule, it’s still a costly way to get into orbit. Also, it requires extensive training of the passengers to make them viable crew members. It is hard to imagine true orbital space tourism until these space tourism companies have a fully reusable system that can carry a significant number of passengers without the need for months of intensive training.
Commercial space tourism companies face a real challenge as they work to accommodate more passengers on their spacecraft. However, the heavier the load, the more methane fuel and liquid oxygen they need. There is a real challenge to find ways to cut down costs while maintaining high standards of safety and efficiency, making space tourism more accessible.
Not only space travel, AI is impacting healthcare industry as well. Learn about the impact of artificial intelligence in healthcare sector with use cases and benefits in our comprehensive article.
Invest In The Future of Space Tourism
AI has the potential to revolutionize the space tourism industry, making it more efficient and safer. It can help design and develop spacecraft, predictive maintenance, and repair. In addition, AI can aid in space exploration through space data analysis, autonomous space probes, and AI-powered Martian missions.
Using AI in space tourism could make the space tourist experience more efficient while also helping create a more sustainable and cost-effective space industry. Using predictive analysis and machine intelligence, AI bots could track inventory, predict demand, and adjust portions accordingly, reducing both waste and costs.
With continued innovation investment, AI can potentially change the face of space tourism for the better. In short, AI has the potential to take space exploration to new heights, and it is exciting to see what the future holds. If you want to invest in the artificial intelligence and machine learning technology, feel free to contact Inferenz experts.
