AEROSPACENov 04, 2016

China’s Shenzhou-11 spacecraft blasts off

On October 17th, Shenzhou-11 spacecraft carries two astronauts into space for a 33-day mission, which is the longest space mission achieved by Chinese astronauts. This mission marks that China’s manned space program has entered into a new phase of comprehensive development.

For a long time, the development of the space technology has promoted the humankind to go further in outer space. In September 2016, Space Exploration TechnologiesCorporation, also known as SpaceX announced the "Mars Plan" that would build the launch vehicle and spacecraft part of the Interplanetary Transport System, a long-term project which could achieve the idea of human access to Mars, but the project could be only implemented with significant demand  from people and institutions.

With the fast development of technology, the aerospace industry has made a significant progress over these years. It is known that travelling to the universe was prohibitively expensive. SpaceX was founded with the goal of creating technologies to reduce space transportation costs and enable the colonization of Mars. It has successfully launch (by Falcon 9), orbit and recover a spacecraft (Dragon). SpaceX is also the first private company to send spacecraft to the International Space Station and satellite into geosynchronous orbit. So far, SpaceX has entered the major commercial launch market. The company now is making a concerted effort to make competitive bids for US military launches of EELV-class payloads.

Data shows that currently the market value of global aerospace economy is more than 330 billion US dollars while the commercial space industries account for 8%. In 2020, the output of global aerospace industry will exceed 485 billion US dollars, growing by around 59%. Within China’s space programs, launch vehicles, satellite applications and space broadband internet will be priority of developing aerospace industry.

With the development of aerospace engineering, an increasing number of private companies are looking to enter the aerospace market. The Defense Science and Technology Industry System in U.S. is an example of a ‘civil-military integration’. According to a study by the U.S. Congress, this kind of system has reduced $30 billion a year for the Department of Defense. NASA suggests that commercial space companies under market competition are productive, innovative with more resonable price.
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