| Abstract: | Space activities are evolving from publicly financed to commercial undertakings. In 2000, the 50% mark was reached in Europe and this figure shows a steadily increasing tendency. Reduced public funding and increased technical maturity in space technologies have been the major forces driving this commercialisation process. European industry has adapted itself to this new environment with a number of mergers over the last decade. Strategic alliances represent the second, current phase in this process in order to cope with the challenges of the global space sectors. Besides national space legislation, new regulatory frameworks, initiated by the European commission and the WTO, as well as an increasingly internationally oriented workforce will accelerate this commercialisation process. |
