History and Trends
Space industry began to develop after World War II, as rockets and then satellites entered into military arsenals, and later found civilian applications. It retains significant ties to the governments. In particular, the launch industry features a significant government involvement, with some launch platforms (like the space shuttle) being operated by governments. In recent years, however, private spaceflight is becoming realistic, and even major government agencies, such as NASA, have begun relying on privately operated launch services. Some future developments of the space industry that are increasingly being considered include new services such as space tourism.
Relevant trends in the 2008–2009 for the space industry have been described as:
- the appearance of new satellite operators;
- a growing demand for Fixed Service Satellites and developing market for Mobile Satellite Services;
- a steady amount of commercial satellite orders;
- steady performance of the launch sector;
- resilience to the financial crisis;
- maturing markets for services like Ka-band and remote sensing.
Read more about this topic: Space Industry
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