Market Trends of India Satellite Communication Industry
Growth of Internet of Things (IoT) and Autonomous Systems
- Satellites are being used to connect IoT devices in rural and urban areas of India, where terrestrial networks are unavailable. With the rising number of businesses demanding high-speed internet access, satellite broadband is becoming a more attractive option, especially in rural areas.
- Autonomous systems such as drones and robots are increasingly being used to monitor and control assets in remote locations. It requires high speed and reliable communications offered by satellites.
- In November 2022, the private sector satellites announced the launch of onboard Indian Space Research Organisation's PSLV C-54 mission. Besides the Earth Observation-06 satellite of ISRO, the PSLV C-54 mission also placed in orbit six other satellites, including Thybolt 1 and 2, created by Hyderabad-based DhruvaSpace. The two Thybolt satellites developed by DhruvaSpace will demonstrate the ability to conduct amateur satellite communication, which may help radio operations.
- Manufacturers in the country are contributing to the development of advanced satellites integrated with IoT technology. For instance, in June 2023, Ananth Technologies, an Indian aerospace manufacturer, reported its milestone contribution to the SSLV-D2 launch by ISRO. JANUS-1 is a software-defined 6U technology with its master systems integrator (MSI) developed by the company. JANUS-1 carries five different payloads, including IoT and communication systems.
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Defense and Government Sector is Expected to Witness Significant Growth in the Market
- The Indian defense industry increasingly utilizes satellite communication to communicate and coordinate effectively, even in remote areas. It provides troops with a real-time view of the battlefield, which can help them make better decisions and respond to threats more effectively.
- The Indian air force uses SATCOM to control its fighter jets and other aircraft fleet. This allows the air force to coordinate complex operations. The government is further supporting the development of satellites in the defense industry.
- For instance, the Indian Defense Ministry approved an INR 4,000 crore (approx. USD 485.79 million) proposal in March 2022 to fund a specialized surveillance satellite to monitor activity along the borders with China and Pakistan. The Indian Navy and Air Force already have their dedicated satellites, and the clearance will aid the Indian Army in achieving this capacity. The GSAT 7B satellite project will be carried out in collaboration with the ISRO and help the Indian Army's border surveillance.
- In March 2023, the Indian Army announced to have its top-end communication satellite with the defense ministry as the ministry signed INR 3,000 crore (approx. USD 363.87 million) agreement with NewSpace India Limited for an advanced five-ton class communication satellite for the land forces. A contract with NewSpace India Limited has been signed to procure an advanced communication satellite GSAT-7B. The project costs INR 2,963 crore (approx. USD 359.39 million).
