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Karnataka Targets Half of India’s Space Market by 2034
Karnataka wants to become a major center for space businesses.
It aims to win half of India’s space market by 2034.
India’s space market is estimated to be worth about $22 billion.
Karnataka already has a large aerospace and defence manufacturing industry.
The state wants to focus more on making space equipment and selling it around the world.
Space technology can help with farming, weather and climate monitoring, disasters, communications and mapping.
Eligible space-manufacturing projects may receive investment incentives.
Karnataka is also considering a space park and manufacturing cluster near Bengaluru.
These facilities would bring together startups, small companies, researchers and larger businesses.
Karnataka aims to capture 50% of India’s estimated $22 billion space market by 2034.
The goal is part of the Karnataka Space Technology Policy 2025-30.
Karnataka currently contributes 65% of India’s aerospace exports and 67% of defence aircraft and helicopter manufacturing.
Space manufacturing is a focus sector under the Aerospace & Defence Policy 2026-31, with eligible projects receiving 25-30% investment incentives.
The state is exploring a dedicated Space Park and Space Manufacturing Cluster near Bengaluru.
- Who
- The Karnataka government, represented by Department of Electronics, IT, Biotechnology and Science & Technology Secretary Dr Manjula N.
- What
- Karnataka announced a goal of capturing 50% of India’s space market by 2034 and expanding space manufacturing.
- Where
- Karnataka, with a proposed Space Park and Space Manufacturing Cluster near Bengaluru.
- When
- The announcement was published on September 8, 2026, during the Bengaluru Space Expo 2026.
- Why
- To expand Karnataka’s space ecosystem, increase manufacturing and serve global markets.
Key facts
- Target market share
- 50% of India’s space market by 2034
- Estimated Indian space market
- Around $22 billion
- Relevant policy
- Karnataka Space Technology Policy 2025-30
- Aerospace export contribution
- Karnataka currently contributes 65% of India’s aerospace exports
- Defence manufacturing contribution
- Karnataka contributes 67% of India’s defence aircraft and helicopter manufacturing
- Investment incentives
- Eligible space-manufacturing projects may receive incentives of 25-30%
- Proposed infrastructure
- A dedicated Karnataka Space Park and Space Manufacturing Cluster near Bengaluru
Quotes
Dr Manjula N
Secretary of Karnataka’s Department of Electronics, IT, Biotechnology and Science & Technology
“Bengaluru already powers India’s space innovation. Karnataka’s next mission is to power the world’s space manufacturing across upstream hardware, midstream orbital infrastructure, and downstream applications that create value for humanity.”
thehindubusinessline.com
Sources
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