With the rapidly growing space ecosystem, the space launch segment in India is likely to grow to $13 billion by 2025, growing at a CAGR of 6 percent, a report showed on Monday. The space launch segment in the country is spurred by growing private participation, latest technology adoption and the low-cost of launch services, said the report by Indian Space Association (ISpA) and EY. “I’m glad our Prime Minister Narendra Modi encouraged us to go ahead as space domain became open for the public-private participation, also preparing players and the outcome is that the sector is today attracting increasing number of startups,” Union Earth Sciences Minister, Dr Jitendra Singh, said. “On a global level, India has also emerged as a very strong player in the geospatial technology. I’m glad to know that ISpA has lived up to their role of reform implementation while articulating the industry opinion, industry stakes and also the industry participation,” he added.