ISRO Triples Spacecraft Production, Targets 8% Global Space Market Share by 2030

As of November 2025, the Indian Space Research Organization (ISRO) is undergoing a major expansion, with plans to triple its annual spacecraft production over the next 3 years. This ambitious goal is part of India's broader strategy to rapidly scale up its scientific, technological, and industrial capacity in the space sector.

ISRO Chairman V Narayanan has revealed that the organization is targeting a significant milestone with the launch of a satellite using a launch vehicle manufactured entirely domestically. Additionally, the government has approved the Chandrayaan-4 moon mission, which is set for launch in 2028 and will be India's most complex space venture yet, aiming to bring back samples from the lunar surface.

India's space industry, currently valued at $8.2 billion, is projected to reach $44 billion by 2033. To capitalize on this growth, ISRO aims to increase the country's global share of the space market from the current 2% to 8% by 2030. This expansion is crucial as the US-led International Space Station (ISS) nears the end of its program, and China's Tiangong space station moves into full operation.

ISRO's plans also include the development of a space station, with the first of five modules set to be placed in orbit by 2028. This aligns with Prime Minister Narendra Modi's directive to ISRO to work towards sending Indian astronauts to the moon and bringing them back safely by 2040.