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AMBITIOUS
A M B ITI O U S

A PPR O A C H
APPROACH

ISRO is eyeing a greater share of ISRO is today one of the world’s sixth largest
the global space market space agencies and India has one of the larg-
est fleets of communication satellites (INSAT)
and remote sensing (IRS) satellites. India is
By Atul Chandra also one of the very few countries to have built
an end-to-end space capability with the ability
to manufacture its own launchers, satellites,
he Indian Space Research Organisation (ISRO) is work- other space hardware and extensive network
ing with the nation’s industry to drive future plans to of ground monitoring stations.
garner a greater share of the global space industry.
T In the ensuing years, ISRO will play the key role of a
technology enabler while the Indian industry will grow into the Manned Spaceflight
role of leading and implementing the nation’s future space plans. ISRO is at the forefront of India’s Rs 90 billion

Speaking to InSight at Bengaluru, prior to the Paris Airshow, ISRO ‘Gaganyaan’ mission, which aims to demon-
strate Indian human spaceflight capability
Chairman V Somnath said the country is looking to emerge as a to Low Earth Orbit and safe return back to
global space manufacturing hub by 2047, with a 50 Percent share earth. The first launch was originally planned
of the global space economy that is projected to be worth US$1.5 for 2022, however, Somnath said that ISRO is
trillion by then, Indian aspirations for its space industry are that not looking to rush the first manned mission
it will play a major role in manufacturing ground equipment, but instead is focussing on a safe first launch
satellites and satellite launch vehicles, in addition to supporting and as a result has increased the testing and
the global satellite data industry. demonstration schedule prior to the launch

According to various estimates, the global space market is worth of India’s first manned space mission. ISRO
approximately US$400 billion but despite Indian successes in is also conducting additional abort tests to
the space sector, it accounts for only around two percent of ensure the safety of the crew in case of mis-
the space economy. From its present revenue of approximately sion abort. Somnath said two abort missions
US$8 billion from the global space economy, ISRO is looking to are planned for this year, with the first test
increase this revenue to US$50 billion by 2025. The global space planned in August. He added that the first
economy expected to grow to US$500 billion by 2030, and will Gaganyaan unmanned mission would take
jump to US$800 billion by 2035, with the growth of commercial place early next year.
space travel.
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