T he inflection point for the Indian space sector is a concurrent one, driven largely by rapid advancements in democratising the commercial space market. With the unveiling of the Indian National Space Promotion and Authorisation Centre or IN-SPACe’s Decadal Vision and Strategy , India has set itself an ambitious yet achievable goal: raising its share of the global space market by 2033 to $44 billion, at a projected 16 per cent CAGR.
Debates and deliberations on this roadmap will continue to occupy centre stage as India strides towards a Vikshit Bharat across all spheres. This vision entails an investment prospect of $22 billion over the next decade, with its realisation hinging on one of the most transformative verticals in space technology — Satellite Communication (SATCOM).
The SAT