Space Companies
Visitors
Participants
Delegates
DAYS
Countries
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 lndian 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).
In USA, the U.S. Space Command U.S Defence Department, as Well as the aerospace and Defence industries are enabling focus and acceclerating investment in innovative technologies and capabilities.
The relationship between private enterprises and the U.S. government in the space domain in also strengthening. Elsewhere also, the winds of change are in motion expanding the final frontier of space.
10th Mile, Tumkur Road, Madavara Post, Dasa napura Hobli, Bangalore 562 123, INDIA
SEPTEMBER, 2024
1
2
3
4
5
6
7