Latest African space industry report shows sector growth

June 25th, 2019, Published in Articles: EE Publishers, Articles: PositionIT, Featured: EE Publishers, Featured: PositionIT

Market research analysts Space in Africa has released the African Space Industry Report – 2019 Edition, which covers Africa’s journey in space from 1998 through May 2019. It explains how the industry has already reached over $7-billion of annual revenues and is projected to grow at a 7,3% compound annual growth rate to exceed $10-billion by 2024.

Regional and national space programmes and policies in Africa are becoming extensive. Already, 19 African countries have national space programmes and there is an emergence of commercial companies developing space technologies and offering services in Africa.

From 1998 through May 2019, 32 satellites were launched into orbit by eight African countries: Algeria, Angola, Egypt, Ghana, Kenya, Morocco, Nigeria, and South Africa. In addition to the 32 national satellites, African institutions jointly funded three other satellite projects – RASCOM-QAF1, RASCOM-QAF1R, and New Dawn – for regional operations. Fifteen of the 35 satellites were launched in the last four years, indicating the growth rate at which the continent is embracing space technologies to power the its growth and improve the lives of its people.

The satellite programmes include 14 earth observation satellites, ten communications satellites, eight technology demonstration satellites, a satellite for scientific experiments, an educational project satellite, and a military radar satellite.

The industry’s growth is driven by growing private economies, as complemented by national and regional strategic priorities. The new African Space Agency will complement national space programmes while implementing the continental space policy stipulated under the African Union Agenda 2063. This policy looks to grow the industry with a combination of expertise and products from outside Africa alongside the expansion of African capabilities to grow the industry for the benefit of all parties.

African engineers built 14 of the 35 satellites. There are business opportunities for local and foreign companies across the various sub-sectors of the African space industry. The non-African entities closing the most deals on the continent include Airbus Defense and Space (France), China Great Wall Industry Corporation (CGWIC), RSC Energia (Russia), Surrey Satellite Technology (UK), and Thales Alenia Space (France).

On the smaller end of the scale, a growing collection of new space start-ups in Africa have collectively attracted investment of over $200-million.

About 8500 people work across the African space industry. Approximately 2000 of them work for commercial companies, while others are employed by governments through national space programmes and research centres.

​The 166-page report provides a comprehensive understanding of the space sector in Africa, and analyses regional and national space programmes and policies in Africa. The report explores 19 African countries with national space programmes and profiles the commercial space companies that are developing space technologies and offering services in Africa.

Contact Space in Africa, info@africanews.space

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