Abstract:
With a great breakthrough in the high-tech world of the space industry, new competitors, with their disruptive innovations, come on the scene in order to benefit the utmost portion of this potential economy.
Considering this fact that the at space industry had a rapid growth in the last two decades and outreached the investment each year, the key role of several countries, public and private actors is worth mentioning. Due to the value chain of space industry, it should notice that mthe ain segments, upstream and downstream, passed from traditional space to the new space era. Hence, new business services have been introducing whose commercialization meets the most ratio in both an investment and socio-economic impacts.
Satellite services and ground equipment such as positioning, navigation, IoT, Geoinformation, and satellite images are assessing the farmers, to have a better use of agriculture 4.0 to enhance precision farming including profitability, environmental sustainability, and the awareness and the interest of the consumers.
The high-ranking position of Italy in space industry in Europe is that important insomuch as the role of the agricultural industry is not deniable. As a result, SMEs and start-ups should have more conducive roles to deploy space industry to agricultural industry through precision farming by accelerating the pace of agricultural industry in proportion to the rapid growth of satellites.
With a focus on the accumulation of space clusters and farms in the northern part of Italy, it can be concluded that SMEs and start-ups still need to be supported to become more applicable, ingenious, and innovative to create more socio-economic impacts.
