If you want to predict where the aerospace industry will be in 20-40 years – look at the quality of the education in this area. Since the aerospace industry is very technology intensive and has a high cost for any errors, a qualified workforce become a mission-critical factor. Let’s see what the origins of the modern space education are and what challenges need to be met.
During the last decades of the 20th century, private companies were mostly out of the picture, but today, commercial companies have already been awarded contracts to supply the ISS and other lucrative aerospace contracts from the government. This signals not only a shift toward diversity but also about new approaches, new business models and new channels of profit. We’re now in the third era of the space industry that is becoming known as Space 3.0 or NewSpace.
Gathering information about our planet using remote-sensing technologies has rapidly evolved in recent years. Earth observation has become more technologically sophisticated and helped to monitor and predict the adverse effects of human activity on Earth. However, being useful and promising to improve the economic and social well-being is not enough to make it cost-effective. So, is it possible to build a sustainable business model for satellite imagery?