Singapore makes a foray into space

satSingapore is pushing to strengthen its space technology industry with a focus on satellites and components and eventually wants to set up its own domestic space programme in an aim to diversify its electronics industry, local media reported.

The city state in a first step wants to manufacture satellites to meet growing demand for top-speed Internet connections worldwide as well as high-resolution images commonly used in surveillance, forestry and energy exploration, creating a number of highly skilled jobs in the segment to replace jobs lost with the decline of disc media and computer parts manufacturing.

There are no official figures on how much the country plans to invest to tap the lucrative niche segment, but reports speak of “hundreds of millions of dollars” if projects by government-linked firms are included. Currently, Singapore is also a base for communication satellite operators such as Eutelsat and Inmarsat.

However, the country will have to compete with industry majors such as Lockheed Martin and Thales, industry experts say, as well as with Chinese and South Korean firms that build satellites at competitive prices. Large communications satellites are worth hundreds of millions of dollars. Smaller ones, such as those used for weather forecasts and mapping forests and the sea, typically cost $60 million to $100 million.

Globally, the space industry has a value of around $300 billion, and it grew 6.7 per cent in 2012.

Another market for Singapore could be space travel, a new niche segment that is now coming to Southeast Asia. European aerospace company EADS has said it might want to use Singapore’s Changi airport to launch commercial space flights starting from 2017.



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Singapore is pushing to strengthen its space technology industry with a focus on satellites and components and eventually wants to set up its own domestic space programme in an aim to diversify its electronics industry, local media reported. The city state in a first step wants to manufacture satellites to meet growing demand for top-speed Internet connections worldwide as well as high-resolution images commonly used in surveillance, forestry and energy exploration, creating a number of highly skilled jobs in the segment to replace jobs lost with the decline of disc media and computer parts manufacturing. There are no official figures...

satSingapore is pushing to strengthen its space technology industry with a focus on satellites and components and eventually wants to set up its own domestic space programme in an aim to diversify its electronics industry, local media reported.

The city state in a first step wants to manufacture satellites to meet growing demand for top-speed Internet connections worldwide as well as high-resolution images commonly used in surveillance, forestry and energy exploration, creating a number of highly skilled jobs in the segment to replace jobs lost with the decline of disc media and computer parts manufacturing.

There are no official figures on how much the country plans to invest to tap the lucrative niche segment, but reports speak of “hundreds of millions of dollars” if projects by government-linked firms are included. Currently, Singapore is also a base for communication satellite operators such as Eutelsat and Inmarsat.

However, the country will have to compete with industry majors such as Lockheed Martin and Thales, industry experts say, as well as with Chinese and South Korean firms that build satellites at competitive prices. Large communications satellites are worth hundreds of millions of dollars. Smaller ones, such as those used for weather forecasts and mapping forests and the sea, typically cost $60 million to $100 million.

Globally, the space industry has a value of around $300 billion, and it grew 6.7 per cent in 2012.

Another market for Singapore could be space travel, a new niche segment that is now coming to Southeast Asia. European aerospace company EADS has said it might want to use Singapore’s Changi airport to launch commercial space flights starting from 2017.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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