THE IMPACT OF SPACE ECONOMY GENERATION ON STARTUPS AND ENTREPRENEURSHIP OPPORTUNITIES
The space and astronomy are being the most important discussion of the current 21st century , As people have gained more attention and knowledge as compared to previous centuries on average space exploration and understanding index , Which typically remained lower interest those days ! But thanks to aspiring young minds , Scientists of various space programs and establishments , Space exploration and technology Entrepreneurs and individual innovative thinkers and last but not the least the determination and curiousness of world leaders and their polices have first impacted on countries like USA as leading champion in space exploration and technology development by moving ahead of Soviet Union and been current stance in developing such heights and made a significant leap towards foundations of space economy
INDIA have been an example for affordable and a giant rising star of the leap towards space exploration which joined the elite club of top space developments and establishments for marking significant step on mission towards moon and beyond ! The market trends and the total addressable market value of the world predicted that , By 2050 the space economy or space exploration market value will be around 1 Trillion dollar market or beyond which depends on other factors ! But INDIA will alone contribute for 5 -10 percent of that market share itself by being on par with space exploration and giants of other countries ! Its even possible that by 2050 -2100 (end of 21st century) ,INDIAN space economy market share or presence can dominate or even be finest in top 3 or 2 list in coming years ! By creating a Trillion dollar economy and a key dominant factor for country Gross domestic product or per capital income and a standard affordable criteria's for the aspiring great power !
As per current reports and evident market research proves that India do have at least 200 startups with significant of such startups who are in early stage or having a MVP staged products or experimenting phase and additional small and micro enterprises who are part of the supply chain ecosystem of the INDIAN Space agency and startups in the space sector ! The no of startups can eventually grow more than current expected numbers as the ambition and aspiration of the leadership , Vision of such young space entrepreneurs , innovators and financial support and infrastructure from government and in house facilities and incubations can lead to more awareness and curiosity to explore and develop such technological capabilities leap towards exploring possible opportunities for humanity and universe understanding . This significant rise and a growth for space economy for ambitious and growing economy of INDIA can enable and provide a opportunity and market addressable gap which intern can motivate our young population and industry leaders to uplift the talents and necessary resources to build and develop more startups and providing such emotional and intellectual resources to even disrupt the the space economy for such extent that INDIAN space startups will provide and be part of international efforts for space development and exploration . With such energy and great leaping towards the ultimate goal , It would be appreciable if South Asian countries and Friendly nations of our country join the hands together for bright future !
领英推荐
Party Member at AIADMK Coimbatore
5 个月PHD standards of Indian education should be advanced.Many graduates & Post graduates opt for US for their Doctorates. So that new startups and students are encouraged for entrepreneurship. What one has to achieve in life should be taught right from school itself.For example Fancy dress competition should be there in every class & every year and the teachers should entertain & see to that their children is on the right path in achieving their life goals. So when they grow up they can see their childhood photos & videos and feel that the teachers had made to achieve their goals and they were on the right track.
Former Deloitte Intern | Passionate About Finance, Strategy & Business Growth
6 个月All the best for your your endeavour.
Student at Jain (Deemed-to-be University)
6 个月Bro your article is amazing and well articulated!! The rise of India's space sector is indeed impressive and reflects a broader trend of increasing global participation in space exploration. India's achievements demonstrate its growing capabilities and potential in this field. With a projected $1 trillion space economy by 2050, India's contribution could be significant, positioning it as a key player in the global space market. The presence of numerous startups and the government's supportive policies indicate a robust and innovative ecosystem that could drive further advancements. India's potential to become a dominant force in space exploration, alongside other leading nations, is promising. Collaborations with neighboring South Asian countries and international partners could enhance this growth and foster a more inclusive global space exploration community. Such partnerships could lead to shared advancements and greater opportunities for all involved, contributing to the overall progress of humanity's understanding of space.
PhD Research Scholar in EVOLUTIONARY COMPUTATION.
6 个月Karthikeya, I think that igniting today's startups on the scenarios of climate change, global boiling and pollution and the role of the space industry to view and solve it, would, indeed be a very good cosmic startup idea in itself!!
Be an success man by choice
6 个月Inflated pricing makes it hard for India to compete with China in terms of cost. However, we have the potential to surpass them in another way – by focusing on product development rather than just manufacturing components. Innovating and adding value through R&D, customization, and advanced tech solutions is where we can truly make a difference."