Jump to content

Space industry of India

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Aman.kumar.goel (talk | contribs) at 07:16, 18 February 2021 (→‎See also). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

India's space industry is predominantly driven by national agency ISRO with over 500 private suppliers and other various bodies of Department of Space in all commercial, research and arbitrary regards.[1][2] Independent private agencies have relatively minimal although have been gaining increasing role since start of 21st century. In mid-2020, the space industry of India accounted for $7 billion or 2% of global space industry.[3] Antrix Corporation expects industry to grow upto $50 billions by 2024 if provided with appropriate policy support.[4]

Integration of Polar Satellite Launch Vehicle underway

Government of India forayed into space exploration when scientists started to launch sounding rockets from TERLS, Kerala.[5][6] Establishment of space agency lead to development of small launch vehicles SLV-3 and ASLV subsequently followed by larger PSLV and GSLV rockets in 90s which allowed India to shift larger payloads and undertake commercial launches for international market. Private firms started to emerge later as subcontractors for various rocket and satellite components. Reforms liberalising space sector and nondisclosure agreements came in late 2010s leading to emergence of various private spaceflight companies.

Till end of 2020, India had built more than 120 satellites and had launched more than 300 for other countries. There were more than 35 startups in India in various stages of developing their own launch vehicles, designing satellites and other allied activities.

History

The development of space industry in India started by 1970s when ISRO started to help entrepreneurs with small and medium scale enterprises by providing them technologies, buy back opportunities and also encouraging spin-offs. As of 2017, ISRO had about 500 Small and Medium Scale Enterprises.[7]

In April 1975, India launched its first artificial satellite called Aryabhatta with the aid of the Soviet Union. The satellite was named after Indian astronomer Aryabhatta, it weighed 360-kg and went into orbit at an altitude of 600 km.[8]

As of February 2020, there were 35 startups who come up in the space sector, of which three of them focused on designing rockets, 14 in designing satellites, and the rest were focused on drone-based applications and services sector.[9]

As of June 2020, the space industry of the country is valued at around $7 billion, which makes up 2% of $360 billion of the worldwide market.[3]

In recent times India has launched 5-7 satellites per year whereas the US, China and Russia have launched 19, 25 and 34 satellites respectively in 2019.[10]

India spent about $1.8 billion on space programmes during 2019-20, and as of January 2021, more than 40 start-ups were working on space and satellite projects and this number is expected to grow according to the Economic Survey 2020-21.[10]

By February 2021, ISRO opened up its satellite center to companies. The move aimed at encouraging participation of private sectors in the industry.[11]

See also

References

  1. ^ Pardoe 1987, pp. 14.
  2. ^ ltd, Research and Markets. "Evolving Indian Space Ecosystem Attracting New Space Participants in the Industry, 2020". www.researchandmarkets.com.
  3. ^ a b Babu, Peerzada Abrar Samreen Ahmad & Gireesh (26 June 2020). "India's aerospace start-ups eye rocket launches and planetary missions" – via Business Standard.
  4. ^ Narasimhan, TE (31 January 2020). "Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study". Business Standard. Retrieved 18 February 2021.
  5. ^ "The dawn of a new space race?". BBC News. 14 October 2005. Retrieved 1 January 2010.
  6. ^ "Transported on a Bicycle, Launched from a Church: The Amazing Story of India's First Rocket Launch". The Better India. 8 November 2016. Retrieved 4 July 2017.
  7. ^ Dr. Rajeswari Pillai Rajagopalan; Narayan Prasad (24 February 2017). Space India 2.0: Commerce, Policy, Security and Governance Perspectives. Observer Research Foundation. pp. 72–. ISBN 978-81-86818-28-2.
  8. ^ New Scientist, 10 July 1975, p.74
  9. ^ "'Startups to play key role in Indian space industry'". Hindustan Times. 28 February 2020.
  10. ^ a b "India lagging behind US, China in space sector; over 40 start-ups working with govt: Economic Survey". Deccan Herald. 29 January 2021.
  11. ^ "ISRO Gives Boost To Private Sector In Space Industry, Allows Firms To Use Its Satellite Centre". Eurasian Times. 13 February 2021.

Sources

Pardoe, Geoffrey Keith Charles (1987). Space Industry International: Markets, Companies, Statistics and Personnel. Longman. ISBN 978-0-582-00314-9.

Category:Space programme of India Category:Indian Space Research Organisation

Retrieved from "https://en.wikipedia.org/w/index.php?title=Space_industry_of_India&oldid=1007462660"