Secretary, Department of Space
and Chairman, Space Commission,
Government of India
“Times Have Changed. We are Capable of Building the Best Equipment, The Best Devices, And The Best Rockets In India.”
Welcome to BSX
India’s space sector has made tremendous growth over the decade. Our advances in space programmes have
been highly remarkable, with vigorous and determined efforts of ISRO. Taking the vision of the Government of
India in enhancing private sector participation in the space sector, the Confederation of Indian Industry (CII),
in association with the Indian Space Research Organization (ISRO), has been organising the Bengaluru Space
Expo 2024 (BSX), a Biennial International Exhibition and Conference, since 2008.
Global Space economy is valued at USD 370 Billion in 2021 and is expected to reach USD 642 billion by 2030 with CAGR of 6.3%, as per the findings by renowned consulting firm EuroConsult. This growth is enabled by growing demand for space-based services, lowering of costs, miniaturization and access to technology, liberal funding and enabling regulations around the world.
The revenue consists of the space market (USD 337 Bn in 2021) which includes commercial space revenues and government procurement for their space activities contracted to the private sector and other spending from government organizations (USD 33 Bn) to conduct their space activities (internal costs and R&D).
The Indian space sector is recognised for building cost-effective satellites with launch of the Mars probes
successfully at first attempt and taking hundreds of foreign satellites to space. India constitutes 2-3% of the
global space economy and is expected to enhance its share to more than 10% by 2030.
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