Africa Satellite-based Earth Observation Market Size (2024 - 2029)

Africa Satellite-based Earth Observation Market Analysis

The Africa Satellite-based Earth Observation Market size is estimated at USD 71.15 million in 2024, and is expected to reach USD 76.28 million by 2029, growing at a CAGR of 7.78% during the forecast period (2024-2029).

• The growing adoption of earth observation imagery in several applications, such as disaster management and agriculture in the region, alongside government aid through space agencies, is analyzed to bolster the market growth rate during the forecast period.
• In March 2023, the South African National Space Agency (SANSA) utilized Earth observation satellite data to map infrastructure damage caused by the high rains and flooding in the Eastern Cape Province. On March 27, 2023, SANSA activated the International Charter, Space, and Major Disaster in collaboration with the National Disaster Management Centre. The activation of the charter authorizes the owners of the participating earth observation satellites to provide picture acquisition priority over the Eastern Cape province flood-affected areas. The National Disaster Management Centre, local governments, and affected industries use the flood damage maps created by Earth Observation satellite data to help with disaster response activities and estimate the damage from floods.
• Further, the growing launch of advanced solutions in satellite-based earth observation significantly contributes to the market growth rate. For instance, in October 2022, Esri, a player in location intelligence, and Digital Earth Africa signed a memorandum of understanding to support regional businesses that use data sciences to develop distinctive responses to climate change effects like food security, natural disasters, displacement, and vulnerable populations in Africa.
• The collaboration develops and launches technology solutions based on free, open-source space imagery and other types of earth observation data. It promotes and supports sustainability in governance and business. African organizations can examine satellite imaging data using Esri's geographic information system (GIS) software to find patterns and forecast implications for the future. The Africa GeoPortal, a cloud-based platform that offers geospatial data and images for Africa and solutions from Esri and its partners, will allow access to this content.
• Several nations in the region, such as Kenya and Ethiopia, are also launching significant earth observatory satellites, contributing to the market growth rate. For instance, in January 2023, Ethiopia stated it was preparing to launch its third satellite into space. Earth observation satellite ETRSS-2 will include a higher image resolution than its predecessors, ETRSS-1 and ET-Smart-RSS, launched in December 2019 and 2020. Since its launch, the country's two earth observation satellites monitored the weather and environment for better agricultural planning, drought early warning, mining, and forestry management. 

Africa Satellite-based Earth Observation Industry Segmentation

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.

The scope of the reports includes by Type(Earth observation data and value-added services), by satellite orbit(low earth orbit, medium earth orbit, and geostationary orbit), by end-use (urban development and cultural heritage, agriculture, climate services, energy and raw materials, infrastructure, and others) and by Country(South Africa, Nigeria, Kenya, and others). The market sizes and forecasts are provided in (USD) for all the above segments.