India’s Satcom Market Set to Triple by 2033

India Satcom Market to reach $14.8B by 2033, boosting digital inclusion and global leadership in satellite technology.

New Delhi: Union Minister for Communications Jyotiraditya M. Scindia addresses the gathering during the inauguration of ‘Satcom Summit Space Networks for Universal Connectivity’ at the Indian Mobile Congress 2025, in New Delhi, Wednesday, Oct. 8, 2025. (PTI Photo)(PTI10_08_2025_000274A)

India’s satellite communications market, valued at $4.3 billion in 2024, is expected to reach $14.8 billion by 2033. Union Minister Jyotiraditya Scindia highlighted the sector’s economic and strategic potential.

Scindia recalled India’s space journey from Aryabhata to Chandrayaan-3, Aditya-L1, NISAR, and upcoming Gaganyaan missions. He said India has evolved from a follower to a global space leader. He urged coordinated SATCOM programs involving government, industry, startups, and academia.

The minister announced a Rs 900 crore National Satcom Monitoring Facility. It will protect spectrum assets and strengthen satellite gateways. He added that satellite communication will reach remote areas and benefit farmers, fishermen, doctors, and students.

Under Prime Minister Narendra Modi, India connected 99.9 percent of the population with 4.8 lakh 5G towers in just 20 months. Scindia stressed that Satcom is now a digital right. He said it will empower citizens and position India as a trusted global partner in space innovation.

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