The co-founders of Dhruva Space and Pixxel, as well as Skyroot’s co-founder, believe that Indian spacetech startups should target global markets from their inception. They note that Indian spacetech startups possess a technological moat that can be leveraged globally, and that there is a significant potential for revenue growth from international customers.
The North American markets of the US and Canada are considered the top go-to destinations for spacetech startups, with emerging markets such as the Middle East and Australia also presenting promising opportunities. Skyroot is focusing on scaling its presence outside India in the next five years and expects more unique spacetech products to be built for the world from India. Overall, the consensus among these spacetech startup founders is that a global outlook is essential for success in the spacetech industry. While India remains an exciting market, the potential for revenue growth and global impact is significant.
According to Awais, customers are crucial to any business, and the opening up of the space industry has brought in new players, including military and private enterprises, making it a vast arena. The traditional satellite manufacturing ecosystem has been slow and costly, with long waiting times. However, the new spacetech startups are building vertical solutions that offer quicker turnaround times and economies of scale. The founders are optimistic about the future of the spacetech industry and expect more investment to flow in as startups continue to develop innovative products. As the spacetech ecosystem advances and offers new use cases, there will be increased opportunities for startups to build groundbreaking solutions. Overall, the spacetech industry is rapidly evolving, and startups that can provide solutions that meet the needs of customers globally are likely to succeed.