Market Trends of United Arab Emirates Satellite-based Earth Observation Industry
Growing demand for Environmental Monitoring is Expected to Drive the Market
- The UAE satellite-based earth observation market is majorly driven by the increasing demand for environmental monitoring in the country as the country is facing several environamental challenges ranging from increasing carbon dieoxide per capita to ectreme tempretures. Moreover, the country faces the impact of rapid development and the effects of climate change and global warming, which further enhanced the demand for environmental monitoring in the country.
- Protection of the environment and sustainable development are vital topics that receive significant attention from the UAE Government, thus positively impacting the demand for earth observation satellites for environmental monitoring.
- Further, the country's space agency has emphasized environmental monitoring through earth observation in the past few years, which further analyzed to grow the demand for earth observation solutions. For instance, The UAE Space Agency supports and harmonizes access to Earth observation monitoring resources from international organizations and locally generated data from MBRSC's DubaiSat.
- Additionally, the country is making significant strides to strengthen the role of the space sector in achieving the environmental strategies of the UAE and preserving the planet and its resources. Moreover, space institutions such as MBRSC has launched various Earth observation satellite for environmental monitoring in the past few years, and the trend is expected to strengthen in the coming years. Therefore, offering substantial growth opportunities for the studied market in the coming years.
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Urban Development and Cultural Heritage Segment is Analyzed to Grow at a Significant Rate
- The urban development and cultural heritage sector is analyzed to boost the adoption of earth observation satellites owing to the growing population in the country coupled with increasing demand for healthier cities and urban planning. EO assists officials, developers, and citizens with the monitoring of air quality, light pollution, and mapping of green areas as well as the preparation of urban planning.
- Further, Earth Observation offers valuable information in support of urban planning, monitoring of informal dwellings, and informing the progress of urban greening. As the country is making a significant investment in sustainability, the demand for earth observation data is analyzed to grow in the coming years. Moreover, EO-based services provide essential information on air quality in urban environments, measuring particles that might affect the health of citizens and monitoring greenhouse gas emissions.
- Further, urban planning and development is gaining significant traction in the country, with government is making substantial investments in healthier and smart cities owing to the growing population. For instance, according to the data from IMF, in 2021, approximately 9.56 million inhabitants lived in the UAE, which is expected to grow to 10.87 million inhabitants by 2028. Such substantial growth in population is analyzed to drive the demand for earth observation solutions in the coming years.
- In addition, the country is focusing on making cities climate-neutral, smarter, and better connected, which in turn will increasingly rely on digital solutions powered by Earth observation. For instance, The UAE Net Zero by 2050 strategic initiative is a national drive to achieve net-zero emissions by 2050, which will drive the substantial demand for satellite-based earth observation solutions to reach the goal.
