India’s Space Sector: A World of Opportunity

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Introduction:

India’s space economy is on a trajectory to expand significantly, with the potential to reach an impressive $44 billion by 2033. This growth could position India to capture approximately eight percent of the global space economy. Notably, India’s current share in the global space economy stands at a modest 2 percent. This promising projection highlights the country’s increasing influence and contributions to the space industry, signifying substantial growth and opportunities on the horizon.

Latest Developments:

ISRO, the Indian Space Research Organization, has ambitious plans for the future. They aim to build India’s space station within the next 20-25 years after the Gaganyaan mission.

ISRO is opening its doors wider than ever to private sector participation, so that together, India can successfully boost the space economy for a resurgent ‘Aatmnirbhar Bharat’.

McKinsey estimates the space industry to be globally a trillion-dollar industry by 2030. The use cases for space sector have expanded beyond government and defence sectors as currently ~90% of the satellites are launched for commercial usage. India with the help of home-grown technologies and cost advantages has emerged as a strong contender to capture a significant slice of this growth vector. A curated set of our aerospace and defence sector companies provide investors a direct exposure to this attractive investment opportunity.

Companies that played a crucial role in the Chandrayaan-3 mission:

Larsen & Toubro (L&T): L&T’s aerospace division was involved in the mission, contributing to its success.
Hindustan Aeronautics Ltd (HAL): HAL played a significant role in the mission, providing valuable expertise and resources.
Bharat Heavy Electricals Limited (BHEL): BHEL’s contribution was instrumental in the mission’s achievement.
Mishra Dhatu Nigam Ltd: This company made substantial contributions to the Chandrayaan-3 mission.

Explore Omni Bharat Defence smallcase to invest in such emerging themes

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Aditya Manekar

Chartered Accountant and Key Account Manager at smallcase - The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Smallcase Technologies Private Limited does not uphold nor promote any of the views / opinions.

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