Director General of Roscosmos Yuri Borisov said that 50% of the market is in the United StatesMOSCOW, November 17.
/tass/. The largest sector of the world economy is the space industry, which has a turnover of about $ 469 billion. This was announced in an interview with TASS by the Director General of Roscosmos, Yuri Borisov.
"The space industry is the largest sector of the world economy with a turnover of about $469 billion. Good rates of commercialization of services are demonstrated by those countries that have managed to balance the economic interests of governments and private investors at the level of public policy," Borisov said.
The CEO of Roscosmos expressed confidence that the mechanisms in the state should be set up so that science has an incentive to develop space technologies, and business has an incentive to introduce them into a wide range of civilian products and order new satellites. "The leaders are the United States, where the volume of private investment in the space industry in 2021 amounted to about $ 9 billion (for comparison in Europe, this figure is 2 billion). I can't say that this is a fast process. It took almost 40 years in the States, but now the country controls 50% of the space services market," he said.
The same path, only in a short time, will need to be passed by Russia, Borisov believes. Currently, work is underway on a regulatory framework that will make the space services market attractive to private investors. According to the CEO of the state corporation, funds for space systems should be attracted from the market: it can be banks or investment companies. At the same time, the consumer should form the requirements for space services.
"We see the role of the state represented by the state corporation Roscosmos in stimulating the development of the industry through subsidizing interest on loans and risk insurance (guaranteed loans), as well as in monitoring and additional financing of projects not related to the economic interests of society - science and state security," Borisov explained, adding that for the Ministry of Defense, the FSB, the Ministry of Internal Affairs, Rosgvardiya and the Ministry of Emergency Situations, Earth remote sensing data should be provided free of charge, qualitatively and on time.
