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 has said, IANS reported on Thursday.
Source: IANS
The report, from Forbes and citing Arkam Ventures, values the sector at $13 billion today — yaani roughly ₹1.23 lakh crore — and forecasts it to more than triple to $40 billion by 2030 (yaani roughly ₹3.8 lakh crore), with some estimates projecting a $44 billion space economy by 2033.
Source: IANS
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, the report said. 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, Nation Press reported.
Source: Nation Press
Total cumulative private investment in the sector has reached $600 million, space-technology startups raised nearly $256 million in 2026, and the segment could attract up to $3.5 billion in venture capital and private equity over the next five years, according to the report cited by IANS. '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,' EON Space Labs co-founder Sanjay Kumar was quoted as saying.
Source: IANS
The report itself cautions that the ambitions depend on startups winning recurring global launches and contracts and delivering reliable satellite services. StratNews Global, in its own coverage of India's space-startup push, flagged practical constraints — a limited number of launch sites, long waits for launch slots, approvals that can take close to 12 months, and investment concentrated among a relatively small number of companies.
Source: StratNews Global