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RF’s share on world market of space services may be up to 16 percent - the chief of the Russian space agency

By 2015 we'll restore capabilities we had back in the Soviet era, and by 2020 we are to create conditions for a breakthrough on the basis of new technologies, Popovkin said

MOSCOW, December 27 (Itar-Tass) — Russia’s share of the world market of space services may grow to sixteen percent, the chief of the Russian space agency, Vladimir Popovkin, told the government on Thursday. He was presenting the agency’s plan for the development of the space industry.

“We expect that Russia’s share on the world market of space rocket technologies will go up from today’s 10 percent to 16 percent,” he said.

Prime Minister Dmitry Medvedev asked which country controlled the largest segment of the market.

“The United States’ presence is the greatest. Currently it stands at about 60 percent, including production and the services provided,” Popovkin said, adding that the United States also controlled about 70 percent of the television and radio market.

“In absolute terms our amount is to go up 2.5 times,” he said.

The program will be implemented in two stages.

“By 2015 we shall restore the capabilities we had back in the Soviet era, and in 2015-2020 we are to create conditions for a breakthrough on the basis of new technologies,” Popovkin said.

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The 12th International Meeting of High Representatives for Security Issues took place in St. Petersburg on April 23-25