IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v164y2021ics004016252031341x.html
   My bibliography  Save this article

SWOT-AHP analysis of the Korean satellite and space industry: Strategy recommendations for development

Author

Listed:
  • Lee, Junho
  • Kim, Ikjun
  • Kim, Hyomin
  • Kang, Juyoung

Abstract

The global satellite industry is growing in the private market with the advent of SpaceX Corp., Planet Labs Corp., and so forth. Following this trend, the Korean government established the National Space Commission to construct a space development plan that encourages private companies’ participation. Korea has the potential to create various satellite services based on its information technology and semiconductor industries. Thus, this study aims to present strategies to accelerate the growth of the satellite industry by considering various internal and external factors, such as the limitations and strengths of the Korean space and satellite industry. This study employs the SWOT-AHP method, to measure these items factors priorities’ and suggest in-depth strategies. The SWOT matrix is constructed based on prior research. Then, an AHP survey of 32 experts is conducted, and strength-threat and strength-opportunity strategies are developed using the top eight relatively important items. The analysis finds that opportunity items have high priorities. Thus, a strategy is devised to meet demand in the public sector and vitalize private businesses. Lastly, topics are collected using latent Dirichlet allocation topic modeling to identify the media's perspective, which we find is similar to the opinions of the experts chosen for this study.

Suggested Citation

  • Lee, Junho & Kim, Ikjun & Kim, Hyomin & Kang, Juyoung, 2021. "SWOT-AHP analysis of the Korean satellite and space industry: Strategy recommendations for development," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    • Handle: RePEc:eee:tefoso:v:164:y:2021:i:c:s004016252031341x
    DOI: 10.1016/j.techfore.2020.120515
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S004016252031341X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2020.120515?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Devezas, Tessaleno & de Melo, Francisco Cristovão L. & Gregori, Maria Luisa & Salgado, Maria Cristina V. & Ribeiro, Joana R. & Devezas, Christian B.C., 2012. "The struggle for space: Past and future of the space race," Technological Forecasting and Social Change, Elsevier, vol. 79(5), pages 963-985.
    2. Chen, Fangyu & Wang, Hongwei & Xu, Gangyan & Ji, Hongchang & Ding, Shanlei & Wei, Yongchang, 2020. "Data-driven safety enhancing strategies for risk networks in construction engineering," Reliability Engineering and System Safety, Elsevier, vol. 197(C).
    3. Kurttila, Mikko & Pesonen, Mauno & Kangas, Jyrki & Kajanus, Miika, 2000. "Utilizing the analytic hierarchy process (AHP) in SWOT analysis -- a hybrid method and its application to a forest-certification case," Forest Policy and Economics, Elsevier, vol. 1(1), pages 41-52, May.
    4. Cengiz Kahraman & Nihan Çetin Demirel & Tufan Demirel & Nüfer Yasin Ateş, 2008. "A SWOT-AHP Application Using Fuzzy Concept: E-Government in Turkey," Springer Optimization and Its Applications, in: Cengiz Kahraman (ed.), Fuzzy Multi-Criteria Decision Making, pages 85-117, Springer.
    5. Rauch, Peter & Wolfsmayr, Ulrich J. & Borz, Stelian Alexandru & Triplat, Matevž & Krajnc, Nike & Kolck, Matthias & Oberwimmer, Roland & Ketikidis, Chrysovalantis & Vasiljevic, Aleksandar & Stauder, Mi, 2015. "SWOT analysis and strategy development for forest fuel supply chains in South East Europe," Forest Policy and Economics, Elsevier, vol. 61(C), pages 87-94.
    6. Nolan, Peter & Zhang, Jin, 2003. "Globalization Challenge for Large Firms from Developing Countries:: China's Oil and Aerospace Industries," European Management Journal, Elsevier, vol. 21(3), pages 285-299, June.
    7. D'Adamo, Idiano & Falcone, Pasquale Marcello & Gastaldi, Massimo & Morone, Piergiuseppe, 2020. "RES-T trajectories and an integrated SWOT-AHP analysis for biomethane. Policy implications to support a green revolution in European transport," Energy Policy, Elsevier, vol. 138(C).
    8. Landoni, Matteo & ogilvie, dt, 2019. "Convergence of innovation policies in the European aerospace industry (1960–2000)," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 174-184.
    9. Mohammad Taleai & Ali Mansourian & Ali Sharifi, 2009. "Surveying general prospects and challenges of GIS implementation in developing countries: a SWOT–AHP approach," Journal of Geographical Systems, Springer, vol. 11(3), pages 291-310, September.
    10. Saaty, Thomas L., 1994. "Highlights and critical points in the theory and application of the Analytic Hierarchy Process," European Journal of Operational Research, Elsevier, vol. 74(3), pages 426-447, May.
    11. Mazzucato, Mariana & Robinson, Douglas K.R., 2018. "Co-creating and directing Innovation Ecosystems? NASA's changing approach to public-private partnerships in low-earth orbit," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 166-177.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jessica Catalano & Francesco Giffoni & Paolo Castelnovo, 2021. "The impact of space procurement on suppliers: Evidence from Italy," Working Papers 202102, CSIL Centre for Industrial Studies.
    2. Juliet Orji, Ifeyinwa & Ojadi, Frank & Kalu Okwara, Ukoha, 2022. "The nexus between e-commerce adoption in a health pandemic and firm performance: The role of pandemic response strategies," Journal of Business Research, Elsevier, vol. 145(C), pages 616-635.
    3. Micaelle Sônia Alcântara & Reinaldo Farias Paiva Lucena & Denise Dias Cruz, 2022. "Toward sustainable production chain by SWOT-AHP analysis: a case study of Fava d'anta (Dimorphandra gardneriana Tulasne) production chain," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(2), pages 2056-2078, February.
    4. Hayati, Mohammad & Mahdevari, Satar & Barani, Kianoush, 2023. "An improved MADM-based SWOT analysis for strategic planning in dimension stones industry," Resources Policy, Elsevier, vol. 80(C).
    5. Venkatraman Indrajayanthan & Nalin Kant Mohanty & Rajvikram Madurai Elavarasan & Lucian Mihet-Popa, 2022. "Investigation on Current and Prospective Energy Transition Scenarios in Indian Landscape Using Integrated SWOT-MCDA Methodology," Sustainability, MDPI, vol. 14(9), pages 1-31, April.
    6. Tsai, Pei-Hsuan & Chen, Chih-Jou & Hsiao, Wei-Hung & Lin, Chin-Tsai, 2023. "Factors influencing the consumers’ behavioural intention to use online food delivery service: Empirical evidence from Taiwan," Journal of Retailing and Consumer Services, Elsevier, vol. 73(C).
    7. Tsai, Pei-Hsuan, 2024. "Exploring consumer purchase intention in cross-boundary retail alliances with gamified OMO virtual-physical fusion services," Journal of Retailing and Consumer Services, Elsevier, vol. 77(C).
    8. Nguepi Tsafack Elvis & Hua Cheng & Buregeya Ingabire Providence, 2023. "Exploring the Optimistic Approaches and Directives of Cameroon’s Textile Sector for Reliable Development," Sustainability, MDPI, vol. 15(7), pages 1-20, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Falcone, Pasquale Marcello & Tani, Almona & Tartiu, Valentina Elena & Imbriani, Cesare, 2020. "Towards a sustainable forest-based bioeconomy in Italy: Findings from a SWOT analysis," Forest Policy and Economics, Elsevier, vol. 110(C).
    2. Tahseen, Samiha & Karney, Bryan, 2017. "Opportunities for increased hydropower diversion at Niagara: An sSWOT analysis," Renewable Energy, Elsevier, vol. 101(C), pages 757-770.
    3. Syed Hammad Mian & Bashir Salah & Wadea Ameen & Khaja Moiduddin & Hisham Alkhalefah, 2020. "Adapting Universities for Sustainability Education in Industry 4.0: Channel of Challenges and Opportunities," Sustainability, MDPI, vol. 12(15), pages 1-33, July.
    4. Caliari, Thiago & Ribeiro, Leonardo Costa & Pietrobelli, Carlo & Vezzani, Antonio, 2023. "Global value chains and sectoral innovation systems: An analysis of the aerospace industry," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 36-48.
    5. Arsić, Sanela & Nikolić, Djordje & Živković, Živan, 2017. "Hybrid SWOT - ANP - FANP model for prioritization strategies of sustainable development of ecotourism in National Park Djerdap, Serbia," Forest Policy and Economics, Elsevier, vol. 80(C), pages 11-26.
    6. Jessica Catalano & Francesco Giffoni & Paolo Castelnovo, 2021. "The impact of space procurement on suppliers: Evidence from Italy," Working Papers 202102, CSIL Centre for Industrial Studies.
    7. Wan, Nianfeng & Jiang, Jiexian & Ji, Xiangyun & Deng, Jianyu, 2009. "Application of analytic hierarchy process-based model of Ratio of Comprehensive Cost to Comprehensive Profit (RCCCP) in pest management," Ecological Economics, Elsevier, vol. 68(3), pages 888-895, January.
    8. Çağlar Kıvanç Kaymaz & Salih Birinci & Yusuf Kızılkan, 2022. "Sustainable development goals assessment of Erzurum province with SWOT-AHP analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(3), pages 2986-3012, March.
    9. Tien-Yu Lin, 2023. "A Hybrid Quantified SWOT Analysis to Label the Competitive Positioning for Theme Parks: A Case Study of Taiwan," SAGE Open, , vol. 13(4), pages 21582440231, December.
    10. Banai, Reza, 2010. "Evaluation of land use-transportation systems with the Analytic Network Process," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 3(1), pages 85-112.
    11. Fu, Lipeng & Wang, Xueqing & Zhao, Heng & Li, Mengnan, 2022. "Interactions among safety risks in metro deep foundation pit projects: An association rule mining-based modeling framework," Reliability Engineering and System Safety, Elsevier, vol. 221(C).
    12. Nermin Kişi, 2019. "A Strategic Approach to Sustainable Tourism Development Using the A’WOT Hybrid Method: A Case Study of Zonguldak, Turkey," Sustainability, MDPI, vol. 11(4), pages 1-19, February.
    13. Madjid Tavana & Mariya Sodenkamp & Leena Suhl, 2010. "A soft multi-criteria decision analysis model with application to the European Union enlargement," Annals of Operations Research, Springer, vol. 181(1), pages 393-421, December.
    14. Andrea Goldstein, 2006. "The Political Economy of Industrial Policy in China: The Case of Aircraft Manufacturing," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 4(3), pages 259-273.
    15. Levary, Reuven R. & Wan, Ke, 1999. "An analytic hierarchy process based simulation model for entry mode decision regarding foreign direct investment," Omega, Elsevier, vol. 27(6), pages 661-677, December.
    16. Gözaçan Nazlıcan & Lafci Çisem, 2020. "Evaluation of Key Performance Indicators of Logistics Firms," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 11(1), pages 24-32, February.
    17. Ho, William, 2008. "Integrated analytic hierarchy process and its applications - A literature review," European Journal of Operational Research, Elsevier, vol. 186(1), pages 211-228, April.
    18. Sudhakar Yedla & Ram M. Shrestha, 2007. "Application of analytic hierarchy process to prioritize urban transport options: Comparative analysis of group aggregation methods," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2007-011, Indira Gandhi Institute of Development Research, Mumbai, India.
    19. Sabina Kordana-Obuch & Michał Wojtoń & Mariusz Starzec & Beata Piotrowska, 2023. "Opportunities and Challenges for Research on Heat Recovery from Wastewater: Bibliometric and Strategic Analyses," Energies, MDPI, vol. 16(17), pages 1-36, September.
    20. Kenneth David Strang, 2012. "Man versus math: Behaviorist exploration of post-crisis non-banking asset management," Journal of Asset Management, Palgrave Macmillan, vol. 13(5), pages 348-367, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:164:y:2021:i:c:s004016252031341x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.