On August 16, 2023, the Indian Space Research Organisation (ISRO) successfully launched the Earth Observation Satellite-8 (EOS-8) using its innovative Small Satellite Launch Vehicle (SSLV). This milestone not only underscores India's advancements in space technology but also positions the nation as a formidable contender in the burgeoning global space economy.
The SSLV, a compact and efficient rocket weighing 120 tonnes, is designed to carry payloads of up to 500 kilograms into low Earth orbit. Its development cost of over Rs 170 crore and an expected launch price of Rs 30-35 crore make it one of the most economical options globally for launching smaller satellites. This affordability is crucial as the small satellite market is projected to grow from $3.25 billion in 2020 to a staggering $13.71 billion by 2030.
A standout feature of the EOS-8 satellite is its ability to measure ultraviolet (UV) light exposure, a technology that will play a vital role in India’s upcoming manned space mission, Gaganyaan. This capability will enable the monitoring of astronauts' exposure to harmful UV radiation, enhancing safety in space exploration.
ISRO Chairman Dr. S. Somanath hailed the SSLV as a 'game changer,' emphasizing its simplicity and potential for mass production. The vehicle's design allows for efficient production and storage, making it an attractive option for both domestic and international clients.
With the Indian government recently opening its space sector to private companies, the commercial potential of the SSLV is immense. Interest from 20 companies last year reflects a growing confidence in India’s capabilities. As global demand for small satellites rises, the SSLV is poised to position India as a leader in this niche market, reinforcing ISRO's technological prowess and strategic vision for the future.