Product Development is a process employed by all industries to support creating new opportunities. The approach to product development by the automotive industry is vastly different than the space industry. As disruptive technologies flow into the market, the space industry is in the midst of an evolutionary change. The methods of design, management and architecture are the topics reviewed in this work. From the background of the methods the analysis of each of these industries suggest that there may be an opportunity for further review. As the space industry continues to push into a new frontier of lower cost and quicker turnaround solutions, there can be great benefits to employing parts of the methods honed by the automotive industry. The possibilities of gaining knowledge from the automotive industry could in the future lead toward advancements in product development management and product development architecture methods that could continue fueling the evolutionary changes in the space industry.