India Satellite Market Research Report, 2030

India’s satellite market is among the most dynamic and rapidly growing sectors in the global space industry, driven by the country's ambition to lead in space technology and its focus on providing cost-effective solutions. The Indian Space Research Organisation (ISRO), the cornerstone of India’s space ecosystem, has been instrumental in achieving significant milestones in satellite design, development, and deployment. Projects like the Indian Regional Navigation Satellite System (IRNSS), also known as NavIC, and the GSAT series of communication satellites showcase India’s capabilities in creating independent and advanced satellite systems. India’s satellite market caters to diverse applications such as telecommunications, broadband internet, Earth observation, navigation, meteorology, and defense. With a reputation for launching satellites at highly competitive costs, ISRO has positioned India as a global hub for commercial satellite launches, making it a trusted partner for space-faring nations and private enterprises. The government's support through initiatives like the 2020 space reforms, which opened the sector to private companies, has further propelled India’s satellite industry. This reform has led to the emergence of private players like Pixxel, Agnikul Cosmos, and Dhruva Space, which complement ISRO’s efforts by focusing on small satellite development, satellite-as-a-service models, and innovative launch systems. Furthermore, India’s international collaborations and partnerships under programs such as Digital India and the Smart Cities Mission highlight the growing reliance on satellite technologies for national development. According to the research report, "India Satellite Market Research Report, 2030," published by Actual Market Research, the India Satellite market is expected to reach a market size of more than USD 15.49 Billion by 2030. It is fueled by increased investments from the government, private enterprises, and international collaborations. Key growth drivers include the rising demand for satellite-enabled communication services, navigation systems, and Earth observation capabilities. Government programs such as Digital India and BharatNet emphasize the need for enhanced connectivity in rural and remote regions, further boosting satellite demand. Initiatives like OneWeb’s partnership with ISRO for deploying satellite constellations are expected to expand broadband internet access across underserved areas. On the commercial front, direct-to-home broadcasting, IoT connectivity, and satellite-based solutions for agriculture and disaster management are gaining traction. Meanwhile, ISRO’s Earth observation programs, including the Resourcesat and Cartosat series, continue to provide critical data for urban planning, environmental monitoring, and infrastructure development. Despite challenges such as regulatory constraints, competition from global players, and space debris management, India’s satellite market remains resilient. Its emphasis on affordability, innovation, and collaboration ensures a strong position in the global satellite industry, offering immense growth potential in the years ahead. The rise of private space startups under the Indian government’s space sector reforms has further accelerated innovation and commercialization. Companies such as Skyroot Aerospace, Agnikul Cosmos, and Pixxel are developing advanced satellite technologies, small satellite launch vehicles, and Earth imaging solutions, contributing to the sector’s rapid expansion. India’s push for indigenous satellite manufacturing, supported by initiatives like Atmanirbhar Bharat, aims to reduce dependency on foreign technology and enhance self-reliance. Furthermore, the integration of AI and big data analytics in satellite applications is expected to unlock new opportunities in precision agriculture, climate monitoring, and smart city development. With continued investments, policy support, and global collaborations, India’s satellite market is set to play a crucial role in the country’s digital transformation and economic growth.

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India’s satellite market is segmented by orbit into Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), and other specialized orbits. Satellites in LEO, positioned at altitudes of 500 to 2,000 kilometers, are increasingly significant for real-time communication, broadband internet, and Earth observation applications. LEO satellites are preferred for their low latency and ability to provide high-resolution data, making them essential for disaster management, precision agriculture, and environmental monitoring. Startups like Pixxel are actively developing advanced LEO satellites to provide high-frequency Earth imagery for applications ranging from climate studies to urban planning. MEO satellites, which operate at altitudes between 2,000 and 35,000 kilometers, are primarily used for navigation and communication purposes. The IRNSS/NavIC system, India’s MEO satellite constellation, plays a crucial role in delivering accurate positioning, navigation, and timing services for industries like logistics, aviation, and defense. Geosynchronous satellites, located at approximately 35,786 kilometers above Earth, are vital for continuous coverage of specific geographic regions, supporting applications like broadcasting, telecommunications, and weather monitoring. ISRO’s GSAT series exemplifies the capabilities of GEO satellites in providing high-capacity communication and reliable weather forecasting services. Additionally, India is exploring other specialized orbits to support interplanetary missions, space research, and advanced scientific endeavors. Missions like Chandrayaan and Mangalyaan demonstrate India’s expertise in deploying satellites for deep-space exploration, further enhancing its global reputation in space technology. The Indian satellite market is also segmented by end-users into commercial, government and civil, and military applications, each contributing to the sector’s growth. Commercial satellites form a growing segment, driven by the increasing demand for broadband internet, direct-to-home broadcasting, and satellite-based IoT solutions. Companies like Bharti Airtel, Reliance Jio, and startups are leveraging satellite technology to expand connectivity in rural and underserved regions, supporting India’s Digital India initiative. Government and civil applications are equally significant, with satellites playing a critical role in disaster management, environmental monitoring, urban development, and scientific research. ISRO’s Earth observation programs, including the Cartosat, Oceansat, and Resourcesat series, provide high-resolution imagery and data to support national development goals. On the military front, satellites are a cornerstone of India’s defense strategy, enabling secure communication, real-time surveillance, and reconnaissance. The GSAT-7 and GSAT-7A satellites, designed for military applications, underscore India’s focus on enhancing its strategic capabilities in space. These satellites are vital for intelligence gathering, missile defense systems, and naval operations. By integrating advanced technologies and fostering public-private partnerships, India’s satellite market demonstrates a holistic approach to leveraging space-based systems across multiple domains, ensuring long-term sustainability and growth. India’s satellite market is segmented by type into small, medium, and large satellites, each catering to specific operational needs and applications. Small satellites, such as nanosatellites and CubeSats, have gained popularity due to their affordability, rapid development cycles, and versatility. These satellites are widely used for scientific research, Earth observation, and communication. Indian startups like Dhruva Space and Astrome are at the forefront of small satellite innovation, enabling academic institutions and smaller enterprises to participate in satellite missions. Medium satellites are primarily employed for navigation, communication, and remote sensing purposes, offering a balance between capability and cost. The IRNSS/NavIC system and some GSAT series satellites fall under this category, serving both commercial and governmental needs. Large satellites, often state-funded, are critical for high-capacity communication, broadcasting, and weather forecasting. ISRO’s GSAT and INSAT series represent the cornerstone of India’s large satellite infrastructure, delivering reliable services for national and international applications. Despite the higher costs associated with their development and deployment, large satellites provide extensive coverage and long-term operational stability, making them indispensable for critical missions. Together, the diversity in satellite types reflects India’s ability to address a broad spectrum of applications, from scientific exploration to commercial expansion, solidifying its position as a leader in the global satellite industry.

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Nikita Jabrela

Business Development Manager

Considered in this report • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Satellites Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Orbit • Low Earth orbit (LEO) • Medium Earth Orbit (MEO) • Geosynchronous orbit (GEO) • Others

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By End-User • Commercial • Government & Civil • Military By Type • Small Satellite • Medium Satellite • Large Satellite The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.