India Sweden Space and Geospatial Business Summit 2023

The Indian Space Economy is set to reach USD 13 Billion by 2025. The Indian space sector is recognised for building cost-effective satellites, with launch of the Mars probes successfully at first attempt and taking hundreds of foreign satellites to space. India constitutes 3% of the global space economy and is expected to enhance its share to more than 10% by 2030. The Geospatial Industry is set to touch USD 681 Million by 2025.

The Swedish National Space Agency (SNSA) says: "Swedish space companies are internationally competitive and Swedish innovations are found on numerous rockets and satellites. SNSA contributes to Swedish space operations through calls that give companies the opportunity to develop new innovative products and services from satellites, rockets and data deployment - to name just a few areas."

The Geospatial Industry is the next 'Big Opportunity' for technology companies both as an 'advancing market in itself' as well as 'augmenting business processes' of mainstream IT, Engineering and Autonomous Industries. It would continue to provide accurate and rich foundation to data infrastructure and increasingly add a 3rd dimension to 'everything we do' leading to 'geospatial by default' embedded in digital twin and metaverse that will impact how humans interact with digital and physical world in near-real-time.

The Global Geospatial Market Size is estimated to be USD 452 Billion in 2022 and the same is forecasted to grow at 14.61% CAGR and estimated to be USD 681 Billion in year 2025. However, it's expected to grow at much faster rate of 16.1% CAGR post 2025, making it to be USD 1.44 Trillion by 2030. While current growth rate is driven by technology innovation, integration of workflows, and augmentation of spatial analytics in business processes, but post 2025 it gains momentum due to public policy reforms and increasing investments in geospatial infrastructure (both public and private) and industry acceleration programs worldwide.

The India Sweden Space and Geospatial Summit 2023 taking place in Stockholm will enable you to:

• interact with a high powered Indian Space and Geospatial Delegation comprising of cutting edge companies visiting Sweden between 13-15 December
• network on international collaboration
• learn about the business opportunities in Space and Geospatial markets in India and Sweden
• create new relationships with Space and Geospatial companies in India and Sweden
• learn more about a future Space Delegation from Sweden to India and India Sweden Space and Geospatial Business Summit 2024 taking place in India
• become even more inspired!