New Delhi: India's aerospace industry is expected to grow at twice the pace of the global market, driven by state-backed reforms, rising private capital and closer collaboration with the Indian Space Research Organisation (ISRO), a new report said on Thursday, IANS reported.
The report, from Forbes citing Arkam Ventures, valued the sector at about $13 billion today — yaani about Rs 1.23 lakh crore — and forecast it could more than triple to $40 billion by 2030, yaani about three times today's size, with some projections placing India's space economy at $44 billion by 2033.
Private firms are expected to participate in up to 45 launches a year for international customers by 2030 and to manufacture as much as one-third of the world's earth-observation satellites, NationPress reported, citing the same analysis. India is also likely to emerge as a significant exporter of avionics, Global Navigation Satellite System (GNSS) equipment, satellite communication (SATCOM) systems and ground Radio Frequency (RF) infrastructure.
Total cumulative private investment in the sector has reached $600 million to date, space technology startups alone raised nearly $256 million in 2026, and the segment is projected to attract up to $3.5 billion in venture capital and private equity over the next five years, the report said. 'Capital is making a beeline for India's space startups because the country can build sophisticated aerospace systems at a fraction of the cost of the US and Europe,' Sanjay Kumar, co-founder of EON Space Labs, was quoted as saying. These are forecasts in a report, not achieved results. Sources: IANS via The Freedom Press and BizzBuzz, and NationPress.
Now: sector valued at about $13 billion. Forecast: $40 billion by 2030 (about 3x), growing at twice the global pace; some projections put the space economy at $44 billion by 2033. Private investment so far: $600 million cumulative; startups raised about $256 million in 2026.