US Sees India’s Space Market Share Rising To 10%
WASHINGTON, DC-India’s share of the global space market could rise fivefold within seven years as policy reforms and closer ties with the United States accelerate the growth of its private space industry, the US Department of Commerce has said.
India currently accounts for less than 2 per cent of the global space market, but that share is forecast to reach 10 per cent within the next five to seven years, according to the International Trade Administration, an agency of the US Department of Commerce, in its August Aerospace and Defense Exporter Alert.
The alert designated India’s space sector as its “Market of the Month” and highlighted investment opportunities for US companies in satellite systems, advanced spaceflight, connectivity, manufacturing and related technologies.
The United States and India have cooperated in space since India’s first rocket launch in 1963, when an American-made Nike-Apache rocket was used. The partnership has since expanded through scientific exchanges, joint working groups and collaborative projects. NASA and US companies have also supplied technology and components to the Indian Space Research Organization (ISRO).
At the same time, emerging Indian space startups are seeking to expand their operations and manufacturing presence in the United States, the US Department of Commerce said.
In February 2026, the Business Council for International Understanding led an International Trade Administration-certified US commercial space mission to Bengaluru, which the alert described as successful.
The commercial relationship is being developed through the US-India Civil Space Joint Working Group, with cooperation also strengthened by the TRUST initiative launched in 2025, according to the alert.
A Commercial Space sub-working group, jointly led by the US Department of Commerce and India’s Department of Space, seeks to remove barriers facing companies in both countries. Its work covers market access, procurement, foreign direct investment and export controls. (IANS)
