Aerospace and space market in India

India's aerospace sector is developing quickly, supported by rising passenger demand, a growing domestic aviation market, fleet expansion, and increased defence spending. Aerospace technologies also play an increasingly important role in:

  • responsible urban development through earth observation
  • environmental monitoring
  • infrastructure planning
  • disaster preparedness
  • transportation management
  • smart-city applications

The market is projected to rapidly grow, creating opportunities for Canadian aerospace companies across the value chain.

Industry highlights

USD $44 billion projected size of India's space sector by 2033

USD $14.8 billion. projected size of India's satellite communications market

USD $90 billion invested in India's Defence sector in 2025

Key opportunities for Canadian aerospace and space companies in India

  • Aerospace manufacturing
  • Simulation and training 
  • Maintenance, repair, and operations (MRO) and sustainment solutions 
  • Satellites, including communications and imagery

Notable challenges for Canadian aerospace and space companies in India

  • Domestic capability development: India is developing domestic capabilities in both civil and defence segments through innovation and skills development, combined with increasing participation from global original equipment manufacturers (OEMs).
  • Private sector participation: IN-SPACe, India's single-window space regulator, now licenses private firms for satellite operations, ground stations, and data dissemination. This allows private sector participation in areas previously limited to government actors. 
  • Satellite imagery services: Demand for satellite imagery services is groing, driven by defence requirements, government digitization programs, and a growing ecosystem of analytics start-ups. 
  • Partnership opportunities: Canadian firms with capabilities in satellite technologies, communications, aerospace manufacturing, and geospatial services are well positioned to pursue partnerships, investment opportunities, and supply-chain integration.

India’s business landscape

The projected growth of India’s aerospace market is creating opportunities for firms with dual-use capabilities in sensors, communications, navigation systems, advanced materials, and cyber-secure aerospace solutions. Canadian companies may also find partnership opportunities with both Indian aerospace and non-aerospace companies.

Summary

India is an attractive market for Canadian aerospace and space companies. Given its growing domestic aviation market, expanding space sector, and increasing demand for aerospace technologies and satellite capabilities, India presents opportunities for Canadian companies across the industry value chain.

Contact us

For more information on the aerospace and space industry in India, please contact india.commerce@international.gc.ca

Additional Information

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