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Russia's share of space services world market slightly over 1%

May 13, 2015, 18:14 UTC+3 MOSCOW
Setting up a state corporation will help Russia build up this share
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MOSCOW, May 13. /TASS/. Russia occupies slightly more than 1% of the global market of commercial space services, Oleg Frolov, a member the Military Industrial Commission said at a roundtable conference in the State Duma, the lower house of Russian parliament.

"All in all, the world market of space services stands at around $300 billion today and 2% of that amount is occupied by launch services," he said. "We occupy about 60% of that niche."

Setting up a state corporation will help Russia build up this share, as it will enable the space authorities to conduct a unified policy in the field of technologies, optimize the production facilities, centralize control over the state defense order, and boost international cooperation, Frolov said.

He cited the Khrunichev Center corporation’s cooperation with South Korea in making the first stage of the KSLV launch vehicle as an instance of deplorable competition between various Russian manufacturers on the international market.

The presence of an internal Russian competition prompted the Khrunichev Center to offer its services at dumping prices. "As a result, its contract with the South Koreans is 50% below the price the latter were ready to pay initially," Frolov said.

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