Mobility & Space

This Deep Exploration delves into the significant and rapidly expanding opportunity within the SpaceTech sector in India. As global demand for space solutions surges and technology trends reduce the costs of launches and satellites, there is a critical need for innovation across the value chain, particularly in the upstream segment. This exploration specifically focuses on the multi-billion dollar market for SpaceTech, projected to grow from $7.3B in 2024 to $44B by 2033 in India alone. The initiative seeks to identify startups innovating in subsegments such as “Inspace propulsion” and “Launch Vehicle” to address the existing demand-supply gap and leverage India’s unique advantages in frugal innovation and a growing talent pool.