Emergence of Space Industry: Effects on Global Human Resources Skills

ABSTRACT

The Space has always fascinated mankind to know and explore the phenomenon happening in the space. Recently, the governments have opened the sector for private investments including development and deployment of the satellite as well as the Rocket or the Launch Vehicles. The current enterprises as well as the new ones are looking to provide satellite based service and Data. The sector is attracting private investments from firms like SpaceX, Blue Origin,Virgin Galactic, Northrop Grumman etc. and multitude of small start-ups across geographies. The sector is expected to become USD 1.4 trillion by 2030. Skills and the talent are the key ingredients towards the development, growth and the problem solving requirements of the space sector over the period till the sector acquires a degree of maturity. The study intends to explore the skills criticality and influence on the space sector as well as assess the availability and readiness of institutes of higher learning to contribute skills for the sector.