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Economic Analysis: Theory and Practice
 

A conceptual analysis of the world and Russian rocket and space industries and markets

Vol. 14, Iss. 28, JULY 2015

PDF  Article PDF Version

Received: 5 March 2015

Accepted: 26 May 2015

Available online: 12 August 2015

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 11-27

Makarova D.Yu. Peoples' Friendship University of Russia, Moscow, Russian Federation
grapehome@mail.ru

Khrustalev E.Yu. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
stalev@cemi.rssi.ru

Subject The subject of research is the system of economic relations that arise in the process of formation and strengthening of the missile-space industry, as well as the challenges and opportunities of use of its products and services in the global and domestic practices.
     Objectives We set an objective to explore the trends and prospects in the world's space activities, assess Russia's position in the global space market, and develop recommendations for this position strengthening.
     Methods Dialectical analysis and synthesis, conceptual and semantic modeling, statistical observation, comparison, induction and deduction are the theoretical-methodological basis of the study.
     Results We have considered theoretical aspects of the world space industry. We show its development prospects, analyze the main approaches to segmenting the world space market, and offer certain directions and measures to strengthen the position of domestic producers in it.
     Relevance The increased competition between countries and corporations creates market forces that give a boost to the processes of unification of individual companies in large international corporations. The results will be useful to the public authorities responsible for the development of the space-rocket industry, as well as private and public companies wishing to profitably participate in implementation of major innovative rocket-space projects and programs.

Keywords: rocket and space industry, competition, space, project, commercialization

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