NEW DELHI: Amid all the pandemic gloom, good news emerging from India’s space tech sector is that the number of private firms more than 350 – is already more than Japan, China and Russia, putting India in fifth place globally. Of the 10,000-odd firms analysed as part of a global report that projects the space tech economy to touch $500 trillion by 2025, over 5,500 are in the US, followed by the UK, Canada and Germany. The report lists 368 firms in India compared to 288, 269 and 206 in China, France and Spain, respectively. Japan and Russia have 184 and 56, respectively.
Isro chairman K Sivan said: “There has
been a good response from the industry, both big and small. The number of proposals with IN-SPACe has also gone up by around 30% compared to the end of 2020.” As per the report by Spacetech Analytics titled ‘SpaceTech Industry 2021/Q2 Landscape Overview’, most companies globally (2,820) are in navigation and mapping, followed by 1,000 manufacturing firms, 718 doing space communication, remote sensing (211), aerial imaging (152), spacecraft development (80), space travel (58), and snace medicine (48).