by: Andrea Spinelli Barrile | 7 October 2024
Space in Africa has released its Africa Satellite Manufacturing and Launch Market Report 2024, which takes a look into the future and predicts that investments in satellite manufacturing by African governments will increase to 2.6 billion dollars between 2024 and 2030, from the $1.9 billion invested in the period from 2018 to August 2024. By 2030, 72 satellites are expected to be launched by 20 African countries, six of which will carry out their first missions satellite.
However, contractors for around 52% of Africa’s future satellite projects, estimated to cost $866.6 million, have not yet been identified. Space in Africa’s 2024 report is called “African satellite manufacturing and launch market of space in Africa” and looks at how the growing demand for satellite technology in Africa reflects the growing recognition of space capabilities as a critical tool for socioeconomic development. African governments are prioritizing satellite technologies for national security, environmental monitoring, disaster management and infrastructure development, and there is growing commercial demand for broadband, broadcasting and Earth observation (EO) satellite services. ), driven by the need for improved communications and high-resolution images.
Government projects remain a significant driver of the industry, with 77% of satellites launched between 2018 and August 2024 funded by governments. The lack of operational launch sites remains a problem, so feasibility studies are underway for potential launch sites in Kenya (the first African offshore platform, which is also an Italian project), Djibouti and Somalia.
The October issue of Africa e Affari is also dedicated to the topic of the aerospace industry in Africa: subscribe to read it in preview.
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