The U.S. space industry faces significant challenges in the 21st century. Although the U.S. dominates space in terms of investment and capabilities, commercial competition from Europe is formidable and growing. The satellite manufacturing and launch services sectors have significant overcapacity as commercial satellite demand was slashed following several high profile bankruptcies. Although revolutionary breakthroughs are required for significant cost reductions in accessing space, government and industry are on evolutionary paths. Finally, government decision-makers continue to struggle to define the proper balance between commercial interests, and traditional national security concerns.
Industry Studies 2001