Abstract
In the context of the New Space, the space industry is called to mutate and to integrate actors of different types. Emerging markets such as small satellites constellation and space tourism will know a constant increase of new entrants in the industry, attracted by the promise of a constant growth. With the uncertainty inherent in any emerging market, it is important for a firm to be able to evaluate the consequences of its timing in entry market, and to be aware of the advantages and disadvantages arising from this position. It is why in this research, we present first the different dimensions that are implied in the concept of “first-mover” and “fast follower” such as the resources-based view, the barriers to entry, the external environment and the innovation aspects. We have a special focus on the advantages and disadvantages of being “first mover” or “fast follower”. Next, the space sector is analyzed empirically to identify the specificities of the sector with a focus on the legal, political, financial and technological aspects. Finally, we make a connection between the academic framework and the empirical factors to clarify the advantages and disadvantages which can represent opportunities or threats, depending of the position of each firm. To conclude, we discuss about the limitations of our model and propose future potential lines of research.
