OECD's analysis of the impacts of Covid-19 on the Space industry

OECD's analysis of the impacts of Covid-19 on the Space industry [Feb/2021]

In October 2020, Claire Jolly, Head of the OECD Space Forum gave a virtual presentation on “The Impacts of COVID-19 on the Space industry” to ESA.

She explained how the crisis exposed some of the space sector’s structural vulnerabilities and the upcoming challenges. She emphasized the negative impact that the crisis would have on Business R&D expenditures and innovation, and how detrimental it would be for the economy. In particular, unemployment rates of high-skilled labour force would rise in some countries and potentially trigger a “brain drain” of this labour force towards healthier economies. However, Claire Jolly underlined that the crisis set the ground for new opportunities in the space sector, due to the acceleration of the adoption of digital products and artificial intelligence since the beginning of the crisis, but also due to an increased political focus on societal challenges such as sustainability.

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