Reach for the Stars

Despite the global slowdown, investments in the Space industry set a new record in 2020. The Space infrastructure segment garnered $8.9 billion, according to a new report by Space Capital. The total investment in 2020 of $25.6 billion in the Space sector was the third highest in this decade, after 2018 and 2016.

This underlines the value of Space data in an expanding set of applications. Space, today, encompasses Satellites; Earth Observation (EO); Positioning, Navigation and Timing (PNT); and Communications, including the Internet, integrated into the digital revolution that the world is witnessing.

The Space industry, NewSpace companies in particular, are bullish about their prospects as the world prepares for economic recovery. Most industry experts and commentators feel that with new services introduced by satellites and innovative applications, a huge market will open up in both the government and business sectors. Academia too is realigning its courses to absorb these new ideas and innovations.

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