India Small Satellite Market

Increasing ISRO's supportive policies, robust PSLV launch services, and increased private sector participation to drive India Small Satellite Market Growth

Through government initiatives and resulting private-sector activity, India has a burgeoning small satellite technology driven forward through strategic alliances and technological expertise. The Indian Space Research Organizations (ISRO) have played a significant role in promoting and channeling this sector's development through various programs aimed at inducing innovation and lowering costs. With its reliability and relatively low price, the polar satellite launch vehicle (PSLV) has become a much sought-after launcher for launch services for both national and international clientele. The strategic partners of ISRO, L&T, and HAL entered into a memorandum of understanding (MoU) for the manufacture of PSLV based on the currently existent supply chain and ISRO's production and integration facilities.

Dhruva Space, based in Hyderabad, announced in December 2023 its LEAP-TD mission to prove its P-30 nanosatellite framework. The main goal of the program is to provide a theoretical overview of satellite technology, a whole way of learning nanosatellite design, and empirical training for constructing, integrating, and testing low-cost modular nanosatellites. Then, in January 2024, an MoU was signed between India and Mauritius to jointly develop a small satellite for USD 2.4 million, expected to consolidate their strategic synergy in the space technology sphere.

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