10 Most Promising Space Tech Startups - 2022
India is growing, capturing a large share of global spacetech pie and finding more domestic applications solutions in areas such as geographic information system (GIS). The government has also overhauled and launched new policies in the areas of space, drone and GIS solutions in past few years. Surveys show that the space tech sector has shown upward trend in the last three years in the case of startups. Within the last three years, the number of startups in the space sector increased to 47 in 2021 from 11 in 2019. At present India falls way behind the major economies such as US and China, accounting for only two percent of space economy. However, with the new government reforms the Indian space sector is expected to capture a larger share of global space economy in the coming years.
Till recent years, the space sector was largely publicized, much private players cannot be seen in the sector. A new change began when government started encouraging private players in the sector. In June 2020 the government announced a new organization, IN-SPACe, as a part of reforms to increase private participation in the space sector. To enhance the diffusion of space technology and boost the space economy within the country, the Department of Space (DOS) is encouraging the participation of private companies in space activities. However only a small portion in Indian space economy contributes to rocket and satellite launch services, remaining 95 percent is related to satellite-based services, and ground-based systems.
CIOTechOutlook in this issue presents a list of '10 Most Promising Space Tech Startups - 2022' who have leveraged their extensive industry expertise and experience in providing excellent services. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable product and services.
We present to you CIOTechOutlook 10 Most Promising Space Tech Startups - 2022.
10 Most Promising Space Tech Startups - 2022
Recommend a Company
| Company Name | Company Description |
|---|---|
| Kepler Aerospace | Developing highly-efficient and economically viable satellite and defense systems |
| Company Name | Company Description |
|---|---|
| AgniKul Cosmos | Designs, manufactures, tests and launch orbital class rockets for micro and nano satellites |
| Astrogate Labs | Enabling high-speed communications for small-satellites with our laser communication solutions designed to meet the harsh conditions for space applications |
| Bellatrix Aerospace | Specialist in electronic propulsions systems, rocket engines and launch vehicles |
| Dhruva Space | National Award-winning space technology startup focused on building full-stack space engineering solutions |
| GalaxEye Space | Working on engaging with its potential customers and partners to discuss possibilities of collaboration |
| N Space Tech | A space-tech startup that focuses on space research and space technology and builds affordable small satellites, ground stations and software |
| Pixxel | Provide global coverage every 24 hours, with the aim of detecting, monitoring and predicting global phenomena |
| SatSure Analytics India | Provide answers to large area questions across the domains of agriculture, banking & financial service, infrastructure and climate change mitigation |
| Skyroot Aerospace | Building technologies for responsive, reliable and economic access to space |