| Product Code: ETC7553265 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s import shipments of satellite launch vehicles have seen significant growth in 2024, with top exporting countries being Metropolitan France, Germany, Italy, Canada, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 is an impressive 110.81%, showcasing the rapid expansion of this market. Additionally, the growth rate from 2023 to 2024 is 41.08%, highlighting the continued momentum in the importation of satellite launch vehicles into India.

The India Satellite Launch Vehicle Market is a prominent sector in the country`s space industry, driven by the Indian Space Research Organization (ISRO). ISRO has developed a range of satellite launch vehicles, including the Polar Satellite Launch Vehicle (PSLV) and the Geosynchronous Satellite Launch Vehicle (GSLV), which have gained international recognition for their reliability and cost-effectiveness. The market is witnessing growth due to increasing demand for satellite launches for communication, Earth observation, navigation, and scientific research purposes. Additionally, India`s competitive pricing compared to other global providers has attracted commercial satellite operators as clients. With ISRO`s continued advancements in technology and plans for future heavy-lift launch vehicles, the India Satellite Launch Vehicle Market is poised for further expansion and opportunities in the global space launch market.
The India Satellite Launch Vehicle Market is witnessing several key trends currently. One major trend is the increasing demand for smaller and more cost-effective satellite launch vehicles, driven by the rise of small satellite constellations for applications such as Earth observation, communication, and remote sensing. Another trend is the growing focus on developing reusable launch vehicle technology to reduce launch costs and increase efficiency. Additionally, there is a push towards enhancing the capabilities of India`s existing launch vehicles to cater to a wider range of payloads and missions, positioning the country as a competitive player in the global satellite launch market. Overall, the India Satellite Launch Vehicle Market is evolving rapidly to meet the changing demands of the space industry while emphasizing cost-effectiveness and technological advancements.
In the India Satellite Launch Vehicle market, some challenges faced include intense competition from global players offering advanced technology at competitive prices, regulatory restrictions on technology transfers, reliance on imported components for certain critical systems, and the need for continuous innovation to keep up with evolving industry standards. Additionally, ensuring consistent reliability and safety standards while keeping costs manageable is a significant challenge. Geopolitical factors, such as export control regulations and international partnerships, also play a role in shaping the market landscape. Overall, navigating these challenges requires a delicate balance of technological advancement, strategic partnerships, regulatory compliance, and cost-effective solutions to maintain a competitive edge in the India Satellite Launch Vehicle market.
The India Satellite Launch Vehicle market presents promising investment opportunities driven by the country`s increasing focus on space exploration and satellite technology. The Indian Space Research Organization (ISRO) has a successful track record of launching satellites for various purposes, attracting both domestic and international demand for satellite launch services. With the government`s continued investment in space programs and initiatives like the "Make in India" campaign to boost indigenous manufacturing, there is potential for growth in the satellite launch vehicle market. Investors can consider opportunities in partnering with ISRO, investing in private space startups in India, or exploring collaborations for satellite launches to capitalize on the expanding market and technological advancements in the sector.
The Indian government has been actively involved in promoting the growth of the India Satellite Launch Vehicle Market through various policies and initiatives. The Department of Space, under the Government of India, has been responsible for overseeing the development and launch of satellites through organizations like the Indian Space Research Organisation (ISRO). The government has implemented policies to encourage indigenous manufacturing of satellite launch vehicles, providing subsidies and incentives to domestic companies. Additionally, the government has focused on strengthening international partnerships and collaborations to enhance technological capabilities and expand market reach. With a strong emphasis on innovation and research, the government aims to position India as a leading player in the global satellite launch vehicle market.
The future outlook for the India Satellite Launch Vehicle Market appears promising, driven by increasing demand for satellite launches for communication, remote sensing, and navigation purposes. The Indian Space Research Organization (ISRO) has established a strong reputation for cost-effective and reliable satellite launches, attracting both domestic and international customers. With the government`s continued focus on space exploration and satellite technology development, along with initiatives such as the Make in India program encouraging domestic manufacturing, the market is poised for growth. Additionally, advancements in technology, such as the development of reusable launch vehicles, are expected to further enhance India`s competitiveness in the global satellite launch market. Overall, the India Satellite Launch Vehicle Market is likely to see steady expansion in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Satellite Launch Vehicle Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Satellite Launch Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 India Satellite Launch Vehicle Market - Industry Life Cycle |
3.4 India Satellite Launch Vehicle Market - Porter's Five Forces |
3.5 India Satellite Launch Vehicle Market Revenues & Volume Share, By Orbit Class, 2021 & 2031F |
3.6 India Satellite Launch Vehicle Market Revenues & Volume Share, By Launch Vehicle Mtow, 2021 & 2031F |
4 India Satellite Launch Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increased demand for satellite launches for communication, remote sensing, and defense purposes |
4.2.2 Government initiatives to promote domestic manufacturing and space exploration |
4.2.3 Growing investments in space research and technology advancements |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs for developing satellite launch vehicles |
4.3.2 Technological challenges and complexity in designing and launching satellites |
4.3.3 Regulatory restrictions and compliance requirements in the space industry |
5 India Satellite Launch Vehicle Market Trends |
6 India Satellite Launch Vehicle Market, By Types |
6.1 India Satellite Launch Vehicle Market, By Orbit Class |
6.1.1 Overview and Analysis |
6.1.2 India Satellite Launch Vehicle Market Revenues & Volume, By Orbit Class, 2021- 2031F |
6.1.3 India Satellite Launch Vehicle Market Revenues & Volume, By GEO, 2021- 2031F |
6.1.4 India Satellite Launch Vehicle Market Revenues & Volume, By LEO, 2021- 2031F |
6.1.5 India Satellite Launch Vehicle Market Revenues & Volume, By MEO, 2021- 2031F |
6.2 India Satellite Launch Vehicle Market, By Launch Vehicle Mtow |
6.2.1 Overview and Analysis |
6.2.2 India Satellite Launch Vehicle Market Revenues & Volume, By Heavy, 2021- 2031F |
6.2.3 India Satellite Launch Vehicle Market Revenues & Volume, By Light, 2021- 2031F |
6.2.4 India Satellite Launch Vehicle Market Revenues & Volume, By Medium, 2021- 2031F |
7 India Satellite Launch Vehicle Market Import-Export Trade Statistics |
7.1 India Satellite Launch Vehicle Market Export to Major Countries |
7.2 India Satellite Launch Vehicle Market Imports from Major Countries |
8 India Satellite Launch Vehicle Market Key Performance Indicators |
8.1 Number of successful satellite launches per year |
8.2 Average payload capacity of satellite launch vehicles |
8.3 Percentage of government funding allocated to space research and development |
8.4 Number of collaborations and partnerships with international space organizations |
8.5 Rate of adoption of new technologies in satellite launch vehicles |
9 India Satellite Launch Vehicle Market - Opportunity Assessment |
9.1 India Satellite Launch Vehicle Market Opportunity Assessment, By Orbit Class, 2021 & 2031F |
9.2 India Satellite Launch Vehicle Market Opportunity Assessment, By Launch Vehicle Mtow, 2021 & 2031F |
10 India Satellite Launch Vehicle Market - Competitive Landscape |
10.1 India Satellite Launch Vehicle Market Revenue Share, By Companies, 2024 |
10.2 India Satellite Launch Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |