New Delhi: Recently Federal Administration Aviation endorsed an advisory committees recommendation to ban american launch companies to use PSLV. The fear of ISRO marching ahead in competition is from the fact that ISRO is actually changing the global “Space Economics”!
It was rightly said by Michael Griffin, former Nasa Administrator “I would submit that the highest possible form of national security, well above having better guns and bombs than everyone else, well above ‘speaking softly and carrying a big stick, as President Roosevelt suggested, is the security which comes from being a nation which does the kinds of things that make other countries want to join with us to do them. If this is not ‘strategic’, then what is?”. With India’s success of Mangalyan at a cost which is fraction of NASA’s similar mission, the world has started accepting ISRO’s leadership and have started associating with it. India recognises same & have taken this space politics to the next level with Prime Minister N.Modi declaring a gift from India to SAARC states in the form of a SAARC Satelite. However, Pakistan unfortunately moved out of same & the “gift” is now known as “South Asian Satelite”. India has also proposed a BRICS satellite which China has taken seriously & is supporting same.
In 2014, the global space economy grew slightly more than 9 percent, reaching a total of $330 billion worldwide, up from 2013’s $302.5 billion. Together, commercial space activities made up 76 percent of the global space economy. The industry as a whole demonstrated a compound annual growth rate (CAGR) of seven percent from 2005 to 2014, nearly doubling in size over the course of the decade.
The number of people employed in the civilian U.S. space workforce continued to decline in 2013, the latest full year for which data is available, with an estimated loss of nearly 6,000 employees. From 2006 to 2013, the U.S. space workforce declined about 14 percent, losing nearly 40,000 space specialists. Preliminary data for 2014 does not indicate the decline has reversed yet.
Wages for those remaining in the U.S. space industry remain high. The average annual salary was $108,000 for a U.S. civilian space employee in 2013. Employees working in the guided missile and space vehicle manufacturing sector averaged the highest salary of nearly $120,000. The average age of an employee working in the aerospace and defense industry continues to climb, reaching slightly over 46 years of age. India enjoys benefits in the sense that employees with ISRO and ISRO’s budget along with Antrix corporation’s revenue are on Increase. Indian civilian space employee earns a fraction of US employees & their average age is in 30s. Therefore ISRO has an intrinsic cost advantage that no other space company can afford.
In 2013, ISRO’s budget estimate amounted to INR 68 billion (USD 1.2 billion). The main objectives until 2025 include the strengthening/expanding of operational services in communications and navigation; developing enhanced imaging capabilities for natural resource management, weather and climate change studies; space science missions for better understanding of the solar system and the universe; planetary exploratory missions; development of heavy lift launcher and reusable launch vehicles; and a human space flight programme (Indian Planning Commission, 2013.
Thus ISRO is standing in front of a golden age & there are reasons for USA & NASA to loose their monopoly in this $330 billion market.
Courtesy- Defence News