Space technology is characterized by its high quality, thorough verification and applicability in harsh environments. It includes topics like low weight, strength and durability, efficiency and reliability, compactness, autoimmunisation and resistance to temperature radiation and corrosion.
The economic impact of space technology includes indirect and induced revenues shown in the illustration below.
Read more about space technology at ESA’s webpage about technology.
Technology transfer between space industry and other industries can help fill technological gaps and enable entry to new markets. Read more about technology transfer at the websites for the Norwegian Space Centre and ESA. See also the website for technology exchange here.
Spin-out of technology from the space industry to other industries can help fill the gap where there is an unsolved technology challenge. Companies that have been successful with spin-out can show very high returns on their investment in space technology. Read more about spin-out at the website for the Norwegian Space Centre.
Spin-in of technology to the space industry from other industries can qualify a technology and open new markets for that technology. Companies that have performed spin-in have experienced getting contracts they would not been able to get without working with the space industry. Read more about spin-in at the website for the Norwegian Space Centre.