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Russian share in space market to reach 20 pc by 2015

Russia: Russia may increase its share in commercial space market to as much as 20 percent by 2015 from the present 3 percent. This will include telecommunications satellites, remote sensing, cartography and surveying services, according to Vladimir Popovkin, who heads Russia’s space agency, Roscosmos.

Russia is seeking to diversify its commercial space activities, which mainly involve transporting satellites and equipment for others. It controls 40 percent of the market for space launches, Popovkin said. By year-end he estimates Glonass, a rival to the US Global Positioning System (GPS), will be fully operational, with 24 satellites.

Popovkin was appointed this year by President Dmitry Medvedev, who fired his predecessor after a Proton-M rocket failed to deliver three navigation satellites into orbit for Glonass.

Source: Bloomberg