space industry.docx - Introduction Space industry started...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Introduction Space industry started after World War II with the introduction of rockets into the space and then satellites. Space industries are economic activities in relation to manufacturing the space crafts, launched vehicles and satellite, delivering them to earth’s orbit and other related activities such as space tourism. Space economy is therefore constitutes companies which provide space economy by creating products and services related to space. It involves along value added chaining ranging from research and development, manufacturing of space launching hardware and provision of space enabling services and products. In the last decades, there has been a constant rise in the space economy in the United States of America, with a significant rise in the revenue collection especially from the space transport industry. Space industry has three major sectors in relation to value added chain. These sectors play a big role in the rise of space economy. Satellite manufacturing sector is composed of the manufacturing of satellite and their subsystems, support ground system and manufacturing, and launching industries. According to the world satellites industry revenue, between 2002 and 2005, the industrial satellite revenue remained at 35-36 billion USD level (Jolly and Razy, 48). Through the production of reliable and quality launch vehicles, this industry has fostered and sustained the growth of satellite applications which in turn have led to the growth of market for space economy products and services.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern