Report sees big growth in Indian space industry

 More satellites, startups & revenue by 2025: Report sees big growth in Indian space industry Thanks to India’s well-developed space programme, the satellite manufacturing sector is likely to grow to $3.2 billion in market value in 2025 from $2.1 billion in 2020, while launch services will surge to $1 billion in 2025 from $567.4 million in 2020, a new report by the Indian Space Association (ISpA) and Ernst & Young (EY) has projected. In the downstream segments, ground services are expected to grow to $4 billion in 2025 from $3.1 billion in 2020, while satellite services are projected to grow to $4.6 billion by 2025 from $3.8 billion in 2020. With the four segments together, India’s space economy will garner close to $13 billion in revenue in 2025, compared to around $9.6 billion in 2020. [Read more]( If you would prefer not receiving our emails, please [Click Here](