Live
- 2024 on track to be hottest year on record
- PM Modi’s visit to Solapur: Women applaud ‘Double-Engine’ government’s initiatives
- Nagarkurnool MLA Dr. Kuchukulla Rajesh Reddy Campaigning in Maharashtra Elections
- Wife Kills Husband with Her Lover: Details of Veldanda Murder Case Revealed by SP Gaikwad
- Strict Action on Violations of Food Rights: Telangana Food Commission Chairman Goli Srinivas Reddy
- Smooth Conduct of Group-3 Exams with Strict Security Measures: Collector Badavath Santosh
- Delhi HC orders cancellation of LOC issued against Ashneer Grover, wife
- Shami’s absence a major blow for India in BGT, says Paul Adams
- Will organize protests at borders if attack on minority Hindus in Bangladesh not stopped: Bengal LoP
- Dutch Ambassador Marisa Gerard Meets Telangana CM A. Revanth Reddy in Delhi
A lot of scope in the Space Tech Industry: ISRO Scientist
Dr. Seshagiri Rao Vellanki, ISRO Scientist, delivered an insightful guest lecture on 'Innovative Trends in SpaceTech Industry' at the Department of Mechanical Engineering, GITAM School of Technology, Hyderabad.
Hyderabad: Dr. Seshagiri Rao Vellanki, ISRO Scientist, delivered an insightful guest lecture on 'Innovative Trends in SpaceTech Industry' at the Department of Mechanical Engineering, GITAM School of Technology, Hyderabad. The lecture shed light on the vast scope and potential for growth within the space tech industry.
During the lecture, Dr. Rao emphasized the emergence of the term 'new space' in the early 2000s, which aimed to distinguish commercial activities and actors from traditional space activities and sector incumbents. He highlighted key innovation areas within the space tech industry, including Payloads/Satellites, Launchers/Landers, and Habitat/Transport in the Space Segments.
Dr. Rao also shared compelling statistics, forecasting India's Space Tech market to grow to $77 billion at a 26% CAGR from 2023 to 2030. He noted the significant growth in space start-ups, with approximately 204 space ventures gaining traction in India, attracting a total financing of $8 billion in 2022.
The lecture also touched upon the technical trends and start-ups in the satellite industry, such as Small Satellites, Satellite IoT, Advanced Ground Systems, Artificial Intelligence, Spacecraft Propulsion, and more. Dr. Rao also discussed future avenues including Advanced Satellite Constellations, Next-Gen Satellite Communication Systems, Space Tourism, and Commercial Lunar Exploration Satellites.
Prof. Seshagiri Rao's lecture provided valuable insights into the rapidly evolving space tech industry, addressing the potential for growth, innovation, and commercial opportunities.
Prior to Dr. Rao's lecture, Prof. Eshwaraiah. P. introduced the esteemed guest and felicitated him for his contributions to the field of space technology.
Arti Adke
