Growth in India’s space technology and the role of private players and start-ups

Source: The post growth in India’s space technology and the role of private players and start-ups has been created, based on the article “Express view on SSLV launch: India’s space” published in “Indian Express” on 20th August 2024

UPSC Syllabus Topic: GS Paper3- science and technology- Awareness in the fields of Space

Context: The article discusses India’s recent launch of the Small Satellite Launch Vehicle (SSLV), which can carry small payloads and is expected to boost the country’s space sector. It highlights the potential growth in space technology and the role of private players and start-ups.

For detailed information on ISRO has successfully launched the Earth Observation Satellite through the SSLV read this article here

What Is the Market Scenario for Space Tech?

1. The space tech market is expected to grow significantly in the next five years.
2. The US and EU are currently leading, while China, Australia, and Russia are expanding. China aims to launch over 13,000 satellites by 2030 for 6G communications.
3. India’s current share in the global space economy is about 2%.
4. With the SSLV and related developments, the Indian government plans to increase this share four-fold by 2033.

How does the SSLV benefit space technology?

1. The SSLV is designed for quick assembly, requiring less than a week with a smaller team.
2. This efficiency makes it ideal for launching small satellites used in weather forecasting, communications, defense, urban planning, and disaster management.
3. It also supports the growing Internet of Things by enabling more frequent launches.

What Role Does ISRO Play in India’s Space Policy?

1. ISRO plays a critical role in enabling India’s space expansion by supporting private space companies like Skyroot and Agnikul, which collaborate closely with it.
2. ISRO launched the Small Satellite Launch Vehicle (SSLV), designed to carry payloads up to 500 kg, crucial for expanding the small satellite market.
3. The agency’s work is vital for India’s social objectives, including education, healthcare, agriculture, and security.
4. India’s space policy, introduced last April, emphasizes transitioning from an ISRO-dominated ecosystem while ensuring ISRO’s crucial role remains intact.

How are private companies contributing to space technology?

1. Indian startups like Skyroot and Agnikul are collaborating with ISRO, advancing the space sector.
2. Agnikul has even constructed its launch pad at Sriharikota and plans to launch a rocket weekly, focusing on payloads smaller than those of the SSLV.
3. India aims to increase its space economy stake fourfold by 2033, driven by private sector contributions, helping the country expand beyond its current 2% global share.

Question for practice:

Evaluate how the introduction of the Small Satellite Launch Vehicle (SSLV) is expected to impact India’s share in the global space economy by 2033.