Exploring Key Growth Areas - August 2024

Exploring Key Growth Areas - August 2024

Space Minds community, welcome to the latest edition of our newsletter, where we bring exciting updates, insightful industry discussions, and a peek into the dynamic world of space careers. Whether you're a candidate exploring new opportunities or a company eager to hire top talent, this newsletter has something for everyone.?

Are you a space professional and not part of our Slack channel?! ?

Last month, we launched a dedicated Slack channel— where professionals in the space industry can connect, collaborate, and share insights.?

?Whether you're looking to network with peers around the globe, exchange best practices, or simply vent about the challenges we all face, this is your go-to hub.?

Join us here.

Are you interested in knowing what the most in-demand skills or job titles are??

If you're eager to understand the key trends driving the space economy, we've got you covered. Earlier this year, we released our inaugural whitepaper, "Decoding The Talent Trends Reshaping The Space Economy: Q1 2024." Whether you’re interested in average industry salaries or how funding stages are influencing the space and defense talent landscape, this whitepaper offers valuable insights.?

If you missed it the first time around, now’s your chance to explore these critical findings. Download your copy here.

Is the GEOSPATIAL sector experiencing a ‘brat summer’? ?

YES WE WENT THERE.

The geospatial sector is a thrilling sector where adventurous minds can explore the advancement in cutting edge technology, making it truly deserving of a spot in the limelight (pun intended.)

I enjoyed diving deep into the trends shaping this dynamic and specialized talent pool.?

?Our analysis reveals that demand for GNC expertise is soaring, making it one of the most coveted backgrounds in the industry. But is this surge just a passing ‘brat’ or ‘hype,’ or is it a genuine trend??

Here’s what our data shows:?

Data Science:?

  • Over 11,000 professionals have recently transitioned to new roles.?

  • Key employers in the U.S. are seeking 6,800 data science experts.?

Top sought-after roles:?

  1. Data Scientist?
  2. Senior Data Engineer?
  3. Lead Data Scientist?

Data Engineering:?

  • Similar to Data Science, there’s been significant movement with over 10,000 job changes.?
  • Employers in the U.S. are looking to fill 7,000 positions.

Top sought-after roles:?

  1. AI Engineer?
  2. Senior Data Engineer?
  3. Data Engineer?

Curious about trends in Software Development and Development Engineering? Keep reading in our latest post: Geospatial Sector Talent Overview.

Investment round-up – What is happening in the industry? ?

If there’s one person who’s truly immersed in the world of Pitchbook data, it’s our Insights Marketing Exec, Ash Mace . To say she’s a Pitchbook enthusiast would be an understatement—Ash lives and breathes investment data!?

Recently, Ash launched Launchpad, a session dedicated to unraveling the latest investment news and updates in our industry. With her keen eye for analysis, she’s been digging deep into the trends, connecting the dots between investment flows, talent demands, and our candidates’ data to forecast the industry’s future talent needs.

Here’s what she’s uncovered:?

The investment landscape in the space economy and aerospace & defense sectors is heating up, with significant activity across early-stage funding, later-stage venture capital, and mergers & acquisitions.?

Key growth drivers:?

  • Satellite & Communication Technologies: Critical for navigation, Earth observation, and communication, these technologies are driving the expansion of the space economy.?

  • Decreasing Costs: With launch costs dropping and technological advancements accelerating, space is becoming more accessible than ever, sparking a surge in investment and innovation.?

Want to dive deeper into these trends? Check out our latest post: Investment Trends in the Space Sector.

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Our top jobs this month?

US?

Other locations:??

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