December 8 , 2024
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- The Bureau of Indian Standards (BIS) has adopted the global standard for the CubeSat—a class of small satellites.
- The CubeSat standard, originally developed for the Stanford University’s OPAL mission, has gained international acclaim.
- They mandate uniform dimensions, low-outgassing materials, kill switches and rigorous testing (vibration, thermal, shock).
- The Indian satellite communication market was valued at $1.6 billion in 2022.
- It is projected to grow at a compound annual growth rate (CAGR) of 11.75% from 2023 to 2030.
- India’s space economy stands at $8 billion, contributing around 2-3% of the global space economy.
- The government expects it to reach $100 billion by 2040.
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