Overall, 1,957 registered satellites of all over the world were considered as active satellite as per the latest report, however, in that only 302 have been registered for Military use all over the world. In this huge competition India currently ranks at 7th place with 54 working satellites into the orbit.

With the reduced cost of production of satellite and the increase in number of commercial satellites into the Earth’s Orbit, causing a security threat to the countries from each other apart from their technical development and worldwide reach at a time. As, the presence of satellites into Earth’s Orbit doesn’t marks any boundary and which becomes a matter of concern for other countries whether they are Developed or Developing Countries.

The Business of development of satellites is also booming at a rapid pace and the increasing number of private firms offering the latest satellite launch capabilities to the private clients and with the national government as well. This has majorly helped to boost up the satellite technology and reach to less wealthy countries without the space programs of their own. However, the Satellites owned by private companies has heavily outnumber in a short span of time with those satellite used for the military purposes. This growth in technology gives a prompt reflection of growing trend of the private sector and becoming majorly involved in boosting the space technology.

The small countries are also getting along in the race of this technology and putting a mark in the space. So, these countries are using the formula of Multinational Cooperation, and this multinational cooperation stands at 4th place in the development of introducing new satellites. These Multinational Cooperation includes jointly 145 satellites into the earth’s orbit.