India’s space sector is experiencing a rapid transformation, driven by the growing demand for small satellites and the emergence of homegrown launch vehicles. The Indian Space Research Organisation (ISRO)’s recent successful launch of the Small Satellite Launch Vehicle (SSLV) marks a significant milestone in this evolution. The SSLV, designed specifically for commercial applications, is the first rocket in its category ready for mass production. It joins a burgeoning market where two other players, Skyroot with its Vikram rocket and Agnikul Cosmos with its Agnibaan, are vying for a share of the lucrative small satellite launch market.
Industry estimates predict a significant surge in India’s satellite launch market, projected to reach $3.5 billion by 2033, compared to $720 million in 2022. This growth is fueled by the increasing demand for small satellites, which are proving to be increasingly versatile. These compact spacecraft are capable of fulfilling a range of applications, from providing internet connectivity to conducting Earth observation. Their ability to be launched quickly and cost-effectively makes them a preferred choice for companies seeking to deploy their own satellite constellations.
The rise of small satellite launches is evident in the plans of startups like Pixxel and Satsure, both of which are developing constellations of small satellites to offer various services. To achieve their ambitious goals, these startups are increasingly relying on Indian launch vehicles. For instance, Pixxel has chosen to launch some of its hyperspectral satellites using ISRO’s launch vehicles.
The Indian National Space Promotion and Authorization Center (IN-SPACe) is actively engaged in fostering the growth of this sector. It is in discussions with various government ministries to establish constellations of small satellites to meet their specific needs. The focus is on leveraging Indian expertise and resources to build these satellites, thereby creating a thriving market for domestically manufactured launch vehicles.
The success of ISRO’s SSLV has paved the way for the transfer of technology to private companies, enabling them to develop their own launch vehicles. ISRO Chairman S Somanath has announced that the SSLV is now ready for mass production, a move that is expected to accelerate the development of a robust private space launch industry in India.
To facilitate this technology transfer, IN-SPACe is working closely with ISRO. A one-day interaction with industry representatives was organized to address technology transfer challenges and foster collaboration. ISRO is committed to not only transferring manufacturing technologies but also sharing its extensive knowledge and expertise on various aspects of rocket building. This includes providing hands-on training to private companies, enabling them to learn best practices and develop their own capabilities. ISRO emphasizes that this technology transfer process will be guided by rigorous criteria, including manufacturing capabilities, infrastructure, and financial strength, with a technology transfer fee required for interested companies.
The confluence of factors, including the growing demand for small satellites, the emergence of homegrown launch vehicles, and the proactive support of IN-SPACe, is propelling India’s space industry into a new era. This growth is not only creating exciting opportunities for Indian startups and companies but is also positioning India as a global leader in the burgeoning space economy.
