Trends and perspectives on upstream and downstream sectors of the Indian space industry
A large-scale market opportunity for private enterprises in the Indian space industry can arise if there is a flagship programme to facilitate the development of spacecrafts by the industry on a routine basis. Small satellites are transforming the dynamics and economics of the space industry. Another important trend is an increased demand for servicing satellites required for in-space repair or upgrading satellites in orbit.
There has been a rise in demand for nanosats and mega constellations of small satellites, which has in turn made satellite launch services a lucrative business. The manufacturing of small satellite launch vehicles by Indian private players is aimed at building a strong space ecosystem in the private sector and, through this, garnering a fair share of the growing launch market.
ISRO possesses critical resources like data archives from Earth observation satellites which can be beneficial to citizens and businesses and can support better decisions and policies. The role of earth observation through satellites in the areas of environmental protection, disaster management and defence is increasing.
There is considerable demand in India for satellite-based services for communication purposes, and this will see upward movement with the implementation of initiatives like 5G, Internet of Things (IoT) and BharatNet.