INDIA: The Indian Space Research Organization (ISRO) has requested assistance from the manufacturing sector to develop a reusable rocket that can launch bigger payloads into orbit.
This may take place when India intends to build its space station by the year 2035. The CE-20 engine had run a successful hot test on Sunday by ISRO before being utilized to launch the upcoming 36 OneWeb satellites into Low Earth Orbit.
The Launch Vehicle Mark-3 (LVM-3) that previously launched the first batch will be powered by the CE-20 engine.
The Next-Generation Launch Vehicle (NGLV), often known as the reusable rocket, is currently under development.
According to ISRO Chairman S. Somanath, ISRO scientists are developing the rocket’s design and are seeking industrial assistance.
An ISRO official said the new rocket will be useful for India’s plans to launch several communication satellites simultaneously, send people into deep space, and build its own space station by 2035.
The Polar Satellite Launch Vehicle (PSLV), the workhorse rocket of ISRO, cannot be used to launch rockets in the future, according to Somanath, because it is based on technology created in the 1980s.
The first launch of the NGLV is anticipated to occur in 2030, and ISRO expects to have the design completed and available to the industry within a year.
Green fuel mixtures like kerosene and liquid oxygen or methane and liquid oxygen might power the three-stage NGLV rocket.
The NGLV could offer launch costs of USD 1900 per kg of cargo in the reusable version and USD 3,000 per kg in the disposable configuration, according to a presentation delivered by Somanath at a conference earlier this month.
According to the ISpA-E&Y research titled “Developing the Space Ecosystem in India: Focusing on Inclusive Growth,” India’s space economy was estimated to be worth USD 9.6 billion in 2020 and is projected to reach USD 12.8 billion by 2025.
By 2025, the ground segment would have a turnover of USD 4 billion, satellite manufacturing would generate USD 3.2 billion, and launch services would generate USD 1 billion, making the satellite services and applications segment the largest in terms of dollars.
According to the analysis, India’s market share in the launch services sector was estimated at USD 600 million in 2020 and is expected to increase to USD 1 billion by 2025 at a CAGR of 13%.
Also Read: ISRO Successfully Launched 36 Satellites into Low Earth Orbit on Sunday
