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Space Industry - Coggle Diagram
Space Industry
Intro
CI
recent development
across the globe
not only enhance
new commercial capabilities
but will usher
applications dismissed
earlier as science fictions
D/F
According to
Bank of America Report
$350 billion space market today
will touch $2.7 trillion by 2050.
MB
BP/GE/IS
space becomes democratised
commercialised and crowded,
multilateral framework
for its governance
become obsolescent
insufficient guidance
on interference with others
space assets
current legal framework
state-centric
placing
responsibility on states alone
non-state entities
now in commercial
space exploration and utilisation
lack of alignment
of domestic and international
normative frameworks
reliance of militaries
satellite systems
means that
space assets
become potential targets
space arms race
almost all space tech
have military applications
current geopolitical situations
lose hope
in space arms race
India
space legislation enabling
coherence across
technical, legal, commercial
diplomatic and defence goals
space vision
need to address
global governance
regulatory and arms control issues