ISRO Chairman S. Somanathan declared that India is on track to capture 25% of the global commercial satellite launch market by 2030, following a string of successful launches including 28 commercial payloads for international clients in the past 18 months. The target is supported by the commissioning of two additional launch pads at the Satish Dhawan Space Centre, the development of the heavier NGLV rocket with payload capability of 30 tonnes to low Earth orbit, and the operationalisation of private launch companies including Agnikul Cosmos, Skyroot Aerospace, and Pixxel under India space privatisation reforms.
Somanathan said the combination of competitive launch costs, a mature launch infrastructure, and a growing domestic satellite manufacturing industry gives India a compelling value proposition for international clients. ISRO signed 18 new launch service agreements with European, US, and Southeast Asian clients in 2025, generating Rs 4,200 crore in commercial revenue. The New Space India Limited, ISRO commercial arm, expects to double revenue to Rs 8,000 crore by 2027. Prime Minister Modi reaffirmed his target of growing India space economy to $44 billion, from the current $8 billion, by 2033.