Analysis Of The Indian Space Industry Focusing On Satellite Manufacturing For Private Sector

India’s private space sector is advancing across launch vehicles, satellite manufacturing, propulsion systems, and imaging constellations. Startups like Skyroot Aerospace and Agnikul Cosmos are achieving flight heritage, while firms such as Pixxel and GalaxEye focus on novel imaging applications. Upstream capabilities remain fragmented and capital-intensive, whereas downstream data services show faster revenue potential. ISRO plays a collaborative, enabling role, but regulatory ambiguity and limited domestic demand pose risks. Long-term profitability depends largely on government contracts and standardized servicing infrastructure.