- Over 283 private and public companies in 31 African countries operate in the African space and satellite industry.
- These companies employ over 44,670.
- 84% of the 283 NewSpace companies covered are downstream companies.
- The majority of the NewSpace companies are bootstrapping their operations.
- More NewSpace companies were founded in the last decade, across the industry segment, than in the previous five decades.
As the leading analytics and consulting company focusing on the African space and satellite industry, Space in Africa has released the NewSpace Africa Industry Report, 2021 Edition. The report was built on the previous editions to analyse the NewSpace industry across the continent, industry dynamics, trends and opportunities.
The operations of the 283 companies covered in this report cut across component manufacturing and equipment services, earth observation and geospatial services, satellite communications services, astronomy services, among others. Most downstream companies are domiciled in Egypt, Kenya, Nigeria, and South Africa. The majority of the upstream companies are domiciled in South Africa. About 44% of the downstream companies surveyed are in the growth stage of their development, while 47% are in the maturity stage of their development.
The African space industry made revenue of USD 7.37 billion in 2019 and is expected to generate over USD 10.24 billion in revenue by 2024, with growth across earth observation and geospatial services, satellite communications services, satellite navigations, and component manufacturing and equipment services. The African Space industry has political, economic, and security opportunities; some of the companies surveyed compete in the global space market. Increasing government budget, ecosystem development, investment opportunities as well as digital expansion are some factors contributing to the rise of the commercial space ecosystem in Africa.
The 2021 edition of the NewSpace Africa Industry Report is published by Space in Africa, the authority on news, data and market analysis for the African space and satellite industry. The report comes with annual access to real-time data on every industry segment and all the players via the new Space in Africa Data Portal.
Visit www.spaceinafrica.com/reports to access the report.
The Authority on News, Data and Market Analysis for the African Space Industry.