Overview

• India currently holds under 2% of the global commercial space market and plans to boost that to 8–10% over the next decade, ISRO Chairman Dr V Narayanan said.
• Last week’s NASA-ISRO NISAR launch marked ISRO’s 14th commercial mission and its most expensive satellite deployment to date.
• Over five decades, India has launched 433 satellites for 32 countries and demonstrated precision with the 2022 OneWeb India mission’s 36-satellite deployment.
• ISRO will soon loft a 6,500-kg U.S. commercial satellite on its Mark III rocket, completing its trio of NASA-linked missions.
• Space sector reforms under IN-SPACe have grown the domestic startup base from one to over 300, underpinning plans to ramp up launch cadence to three rockets per month.