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http://dx.doi.org/10.17703/JCCT.2020.6.4.195

COVID-19's Impact on the Space Industry and Countermeasures in Korea  

Kim, Jong-Bum (한국항공우주연구원)
Publication Information
The Journal of the Convergence on Culture Technology / v.6, no.4, 2020 , pp. 195-201 More about this Journal
Abstract
COVID-19 is hitting the world. In order to bring about new ways of innovation in the space sector, we need to analyze changes in the space sector and design new challenge strategies. COVID-19 exposes inherent vulnerabilities in the space sector. In particular, COVID-19 is causing supply chain shocks in the space industry, resulting in delays in the supply of systems, subsystems and parts due to a complete or partial interruption of a manufacturing unit. As the overall impact of New Normal on the industry is overall, we continue to look at it in the space sector. COVID is causing supply chain shock in the space industry. It causes a delay in the supply of systems, subsystems and parts due to a complete or partial interruption of a manufacturing unit. In the supply of launch services, the launch schedule is being delayed, but the main launch is still taking place. Demand for major applications such as environmental monitoring is soaring in the earth observation utilization sector. Analyzing the impact on manufacturing, the vendor-based contraction is bringing delays in the supply of systems, subsystems and components, and launch service providers are trying to minimize delays in the launch schedule.
Keywords
Space Industry; COVID-19; Small and Medium-sized Business; Investment Strategy; Science and Technology Policy;
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