India's Quest for Space Supremacy: ISRO Aims for 10% Global Market Share

The Indian space sector is making significant strides towards capturing a 10% share of the global commercial space market over the next decade, according to ISRO Chairman Dr. V Narayanan. Speaking to PTI Videos, Narayanan highlighted the necessity for improved infrastructure, industry-focused development, and manufacturing capabilities.

Currently, India's contribution to the global commercial space market is less than 2%. Narayanan emphasized India's evolving focus on commercial ventures, citing the successful OneWeb India Mission, a domestically developed project responding to geopolitical tensions post-Ukraine war. India has accomplished 14 commercial launches so far, showcasing its burgeoning space capabilities.

Narayanan further revealed that ISRO would soon deploy a 6,500-kg commercial satellite from the United States. He credited space sector reforms and the burgeoning number of startups for fostering growth. Despite geopolitical challenges, Narayanan assured that ISRO remains technologically equipped to fulfill its contractual obligations, underscoring the significance of public-private partnerships in addressing rising market demands.

(With inputs from agencies.)