Emerging trend in Space Sector
Space based applications/ services over the years have grown in multitude than originally envisaged. Many new applications are being developed world wide to meet the growing user demands and requirements. The activities are on a growth trajectory with huge commercial potential.
In India, many Non-Government-Private-Entities (NGPEs) have started engaging in space activities for commercial gains. Many start-ups and industries have started making launch vehicles and satellites and are eager to provide space based services.
Participation of NGPEs including academic institutions, start-ups and industries in end-to-end space activities is expected to expand the space economy.