Singapore’s deputy prime minister and minister for commerce and trade has advised the International House Expertise Conference & Exhibition (GSTCE) 2025 {that a} revolution in house improvement is underway. Gan Kim Yong stated there have been three causes for this: fast technological developments in manufacturing, propulsion and launch; the rising demand for connectivity and mobility; and the rise of AI and machine studying.
“What was as soon as the area of some nations and firms is now turning into a brand new frontier for a lot of nations, companies, organisations and even people,” Yong stated in a February 25 speech.
He stated launch prices have fallen ten-fold during the last twenty years and can turn out to be even cheaper as the prices of each satellites and launchers proceed to say no.
Programmes akin to SpaceX’s Starlink and Eutelsat’s OneWeb have additionally demonstrated how satellites can present high-speed, low-latency web connectivity, particularly to distant and underserved areas.
AI and machine studying will unlock new potentialities, like enhancing space-based Earth remark.
Singapore positions for an area future
“House applied sciences have more and more been democratised,” Yong stated, including that Singapore’s 5 many years of involvement in house positioned it properly for additional future involvement.
“In charting the following certain of improvement for our house sector, we shall be guided by three ideas,” he stated. “First, we are going to draw on our strengths throughout numerous ecosystems to additional develop our house sector. Now we have constructed up good trade ecosystems in sectors akin to aerospace, micro-electronics and precision engineering. These capabilities will place us nicely to seize new alternatives within the house sector.”
“We’ll concentrate on essential use circumstances, particularly these with strategic significance for Singapore,” Yong added. “Sustainability-related use circumstances is one such space. One other space of strategic curiosity is in connectivity-related use circumstances.”
“We’ll strengthen our community of bilateral and multilateral partnerships to advance alternatives in house in protected, sustainable and mutually helpful methods. Now we have constructed up a very good community of companions over time, together with France, Japan and India.”
“I’m comfortable to share that Singapore’s Workplace for House Expertise and Trade shall be signing a letter of intent with the European House Company later at present to discover new enterprise alternatives for Singaporean and European firms within the world house trade.”
Attracting house expertise is vital
Yong stated Singapore wanted to develop its house expertise pool to realize these outcomes. “We need to encourage extra Singaporeans to find and develop their curiosity in house,” he stated.
Singapore’s deputy prime minister advised the GSTCE 2025 viewers that regardless of being a small island, his nation has a transparent imaginative and prescient and mission and a deep sense of objective. Yong stated these attributes would assist Singapore pursue its house ambitions.
He stated Singapore’s house future wanted to attract on its strengths throughout enterprise, trade and analysis ecosystems; specializing in related use circumstances of each financial and strategic worth to the nation; and strengthening its partnerships.
“Singapore is usually a key hub of concepts, innovation and influence for the worldwide house economic system,” he stated.
MySecurity media is a International House Expertise Conference & Exhibition 2025 media companion.
