The Development of the World High T echnology Manufacturing and Space Markets: Will Astronautics Become a New Global Innovation?

The article considers the development of the Russian guided missiles and space vehicles industry for a long-term taking into account changes of the space technology research and development and procurement by «Roscosmos» corporation and the current trends of global space technology market. Special attention was aimed at differentiating the development of various segments of the market. The author considers the hypotheses of the peculiarity of innovative development and innovations spreading in space industry based on his ideas about the essence of innovative processes and innovation capital circle-flow, which has been developed in his previous works. It enables the author to show that until late 1980s, guided missiles and space vehicles industry was an innovative manufacture sector, but today a significant part of the industry’s main segments are involved only in the creation of local innovations. Its results bring added value in related industries that are not part of space technology manufacturing. Furthermore, the research is aimed at solving the problem of estimating the long-term perspectives of Russian guided missiles and space vehicles industry, as well as the space market. The main challenge is to get forecast estimates taking into consideration the inconstant government funding and financial limits of Russian federal space program for 2016-2025 years’ period.