Indian Space Research Organisation (ISRO) is planning for the launch of a record 68 satellites in one year next year.
“We got fresh orders to launch 68 satellites from various countries, including 12 from PlanetiQ, a US-based weather forecasting satellite firm,” said Rakesh Sasibhushan, Chairman and Managing Director of Antrix Corporation.
Most of these satellites are nano-satellites and they will be launched within the next six months.
“We also got an order to launch a heavier earth observation satellite from an overseas customer”, said Sasibhushan without naming the customer.
ISRO, through Antrix has launched 74 foreign satellites so far, earning a revenue of $80.6 million in the last three years.
Earlier this year, ISRO had created history, after it successfully launched 20 satellites, including its own earth observation satellite of the Cartosat-2 series, in a single mission.
Sasibhushan added that with the increase in number of satellites across the world, the organisation has a huge market in the coming years.
“We estimate that about 2,500 satellites will be built in the next decade to meet the needs of countries and private customers for navigation, maritime, surveillance and other space-based applications,”
ISRO, however, will face competition from global players such as BlueOrigin, Firefly Systems, Rocket Lab and SpaceX, which are bracing up to offer cheaper satellite launch services from 2017.