Revolutionizing the Indian Space Sector with Indigenous Technology
In a recent Economic Survey, the lack of a dedicated captive semiconductor fab in India for space applications was identified as a developmental gap. The survey also pointed out limited market opportunities within the sector. Major areas of technological development requiring attention include carbon fibre realisation, dedicated semiconductor fabs for space applications, and access to key alloying elements.
Challenges and Opportunities in the Space Sector
- Commercialization challenges in space technologies include a competitive marketplace and pricing constraints.
- Limited demand inhibits large-scale commercialization in the sector.
- Long-term demand visibility remains a concern for industry players.
Addressing Market Demands
Indian Space Research Organisation (ISRO) chairperson S Somanath highlighted the subdued demand in the satellite launch vehicle market and emphasized the need for increased market demand. The development of the private space sector regulator IN-SPACe aims to target expanding demand outside government requirements.
Government Demand vs. Private Sector
- Current demand primarily stems from government departments utilizing space technology for various applications.
- Private sector involvement in communication satellites is increasing, while government remains the main consumer in other areas.
Creating Demand and Partnerships
IN-SPACe chairman Pawan Goenka stressed the need for launching more communication satellites and plans for public-private partnerships in earth observation constellations. Engaging with ministries and industries to integrate space applications and private sector participation is crucial for creating new demand.
Private Sector Contributions in Space
Several private entities like Pixxel, Digantara, Dhruva Space, Azista BST Aerospace, and Tata Advanced Systems have developed satellites and payloads for space operations. Noteworthy achievements like the launch of Vikram-S by Skyroot Aerospace signify advancements in the private space sector.
Driving Revenue Growth
Pawan Kumar Chandana, CEO of Skyroot Aerospace, emphasized the importance of scaling revenue by capturing the global market and meeting domestic sector needs. Developing services aligned with upcoming requirements will ensure sustainability and growth within the sector.
Expanding Infrastructure and Operations
The establishment of India’s first private launchpad and mission control center by Agnikul Cosmos at the Sriharikota Space Centre marks a significant milestone in the Indian space industry. The move signifies enhanced capabilities and advancements in space infrastructure.
Hot Take: Seizing Opportunities in the Space Sector
As the Indian space sector evolves with indigenous technological advancements and a growing private sector presence, it is essential to focus on addressing market demands, fostering collaborations, and driving innovation. Embracing these opportunities will propel India’s presence in the global space arena and contribute to the sustainable growth of the sector.
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