Transition of Space Technologies and the Spin-Off Technologies Realised: An Incentive for Continued Investment in Space Exploration

Abstract

Technology development and advancement is being embraced by the world for its potential long term benefits. The role of technology in development is vast, with technology playing an integral part in everyday human activities and practices. Technology development and application is pivotal in ensuring full system functionality and operation of key economic sectors of respective countries. The trend in advancing technology over the years has helped many businesses stay competitive and remain in the global market. Space and other aviation industries’; following the advent of space exploration has helped in realising spin-off technologies. These technologies have contributed to the efficacy of current industrial methods and practices. Space exploration investment remains a gateway for advancing space technology development, and subsequently realising spin-off technologies.

Keywords: Space Technology, Space Application, Spin-Off Technology, Transition, Investment, Future