Market Trends of Middle East Satellite-based Earth Observation Industry
Urban Development and Cultural Heritage is analyzed to hold significant share in the market
- Using satellite Earth observation (EO) as a data source can significantly improve data for sustainable urban development. Sustainable urban planning and rural development are gaining ground due to satellite Earth observation (EO), which provides high-resolution satellite imaging data that aids in tracking urban transformation processes. It also has the enormous potential to change urban mobility planning. Users may make more accurate decisions about everything from traffic management to infrastructure development by utilizing the data and insights provided by satellites.
- The growing urban population in the Middle Eastern region, such as UAE, Saudi Arabia, and others, is significantly boosting the demand for the market. For instance, the satellite imagery from DubaiSat-1(UAE satellite) is used for various applications, including infrastructure development, urban planning, and environmental monitoring and protection.
- Further, In Saudi Arabia, urbanization is accelerating quickly. Internal migration and international labor migration are two significant factors that have substantially boosted the populations of metropolitan cities. Jeddah and Riyadh, two Saudi Arabian cities with different histories of industrialization and urbanization, have effects of internal and international labor migration. It contrasts the characteristics of local and immigrant population growth in each city and how that expansion has affected municipal services. The government's response to the expanding urban population and its demand for more municipal services is increasing, thereby contributing to the market.
- Moreover, several projects are being launched in these countries, driving market growth. For instance, The Line, a 170-km-long smart metropolis in the Saudi Arabian desert created by the US design firm Morphosis, has recently gained a lot of attention. Aerial photography company Ot Sky captured images in October 2022 demonstrating the start of construction on this linear city. There is currently space for the subterranean transport system that will run the entire length of the city owing to the huge trench for the foundation being in place. Up to 9 million people will live along The Line. It is anticipated to include a single, 500-meter-tall edifice with a mirrored exterior. The city is anticipated to achieve net zero over its existence.
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UAE is analyzed to hold largest share in the market
- For the next fifty years, the UAE designated the space sector as one of its key priorities. This was stated by Al Amiri, Minister of State for Public Education and Advanced Technology, at a press conference to announce the launch of the Space Economic Survey 2022, which was developed as part of a strategic partnership between the UAE Space Agency (UAESA) and the Federal Competitiveness and Statistics Centre (FCSC).
- Further, the growing collaborations in the region are analyzed to bolster the market growth rate. For instance, In February 2023, The Mohammed Bin Rashid Space Centre ("MBRSC"), the innovative technological and scientific hub responsible for making the UAE an international player in space services and exploration, and Al Yah Satellite Communications Company PJSC, the UAE's premier satellite solutions provider, have signed a Memorandum of Understanding (MoU) to collaborate together on the commercialization of remote sensing data and earth observation images for Yahsat's commercial and government customers, as well as other projects.
- As part of the agreement, Yahsat will receive earth observation imagery and remote sensing data from MBRSC's fleet of satellites, which will then be made accessible to important clients as a part of Yahsat's extended solutions portfolio through its specifically designated government arm, Yahsat Government Solutions (YGS).
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