Spire's six most recent Spirethoughts.

Drones are delivering medicine in Africa
Nigeria has entered the AFCFTA African free trade agreement, increasin...
IT investments to pour into India’s healthcare sector
The European Union-Vietnam Free Trade Agreement (EVFTA) is set to open...
Deploying Industry 4.0 technology to mitigate climate change
Deploying Industry 4.0 technology to mitigate climate change
Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?

Up, up and away?

The commercial space industry is soon emerging as a profitable business, in particular the satellite launch sector. Many nations are scrambling for a share in this lucrative sector that has an estimated value of USD300 billion. Eight countries have already made a head-start into this industry, including the US, Russia, European Union, China, India, Switzerland, Japan and even Brazil.

Asian contenders are taking this business very seriously. China has already overtaken Europe in terms of space travel, and is only third behind Russia and US. It has also overtaken Europe in space research and travel sectors. Meanwhile, India entered a new era of space applications and communications by launching the first of seven satellites. These satellites will constitute an independent, regional satellite navigation system. Singapore is also eager to foray into space technology with a focus on satellites.

Will the satellite launch industry prove to be a sky-high phenomenon?

Back to Top

Back to Home