IMARC Group has published a market research report titled “India Space Launch Services Market Report by Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite), Launch Platform (Land, Air, Sea), Service Type (Pre-Launch, Post-Launch), Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit, Polar Orbit), Launch Vehicle (Small Launch Vehicle, Heavy Launch Vehicle), End User (Government and Military, Commercial), and Region 2024-2032” As per the study, the India space launch services market is expected to continue its growth trajectory during the forecast period (2024-2032).
The India space launch services market is expanding rapidly, owing to the rising demand for satellite-based services and the supportive policies of government bodies. Besides this, the launch of several satellites for both local and foreign customers is a major contribution of the Indian Space Research Organization (ISRO) to the market expansion. Additionally, the initiatives of the government bodies to encourage private sector participation are further propelling the India space launch services market. It includes policies aimed at enhancing collaboration between public and private entities, thereby fostering innovation and investment in space technologies. Moreover, the growing need for communication, navigation, and earth observation satellites is pushing the demand for highly frequent and cost-effective launch services.
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India Space Launch Services Market Trends and Drivers:
The rise of space tourism and the commercialization of space missions are notable trends influencing the India space launch services market. Furthermore, private companies are increasingly investing in the development of reusable launch vehicles to reduce costs and expand the frequency of launches. In addition, the collaboration between ISRO and international space agencies is enhancing India’s capabilities and reputation in the global space industry. Meanwhile, the emphasis on developing indigenous technologies and infrastructure, such as the Gaganyaan mission for human spaceflight, is also a significant driver. The expansion of space-based applications in sectors like agriculture, defense, and urban planning is further bolstering market expansion. Apart from this, the India space launch services market is poised for substantial growth, driven by technological advancements, supportive policies, and increasing commercial opportunities.
Report Segmentation:
The report has segmented the market into the following categories:
Payload Insights:
- Satellite
- Small Satellite (Less Than 1000 Kg)
- Large Satellite (Above 1000 Kg)
- Human Spacecraft
- Cargo
- Testing Probes
- Stratollite
Launch Platform Insights:
- Land
- Air
- Sea
Service Type Insights:
- Pre-Launch
- Post-Launch
Orbit Insights:
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
- Geosynchronous Orbit
- Polar Orbit
Launch Vehicle Insights:
- Small Launch Vehicle
- Heavy Launch Vehicle
End User Insights:
- Government and Military
- Commercial
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Explore full report with table of contents: https://www.imarcgroup.com/india-space-launch-services-market
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