The global space industry is burgeoning. For the first time, the commercial sector's share of the space market has surpassed that of government. This trend will continue, driven by soaring demand for commercial communications and by a host of emerging technologies such as remote sensing and geographical information systems. According to an Air Force Space Command Brief, "...just as oil drove the engine of yesterday's Industrial Society space will drive tomorrow's Information Society." This new era presents a plethora of opportunities and risks for the US space industry and for the Nation's security. A fine line must be tread, for example, between protecting critical US technologies and falling behind in a fiercely competitive international market, thereby jeopardizing future national capabilities. The space industry has the potential either to promote international cooperation and mutual benefits for all nations or to create global winners and losers. Sound policy choices must be made now to successfully leverage the commercialization of space and to build for the future.
ICAF Industry Studies 1998