Middle East & Africa Space Launch Services Market Size, Share & COVID-19 Impact Analysis, By Orbit Type (LEO, MEO, GEO, Others), By Launch Vehicle (Small Lift Launch Vehicle, Medium Lift Launch Vehicle, Heavy Lift Launch Vehicle), By Payload (Satellite, Cargo, Human Spacecraft, Testing Probes), and Regional Forecast, 2023-2030

The Middle East & Africa is a growing market for space launch services and is projected to grow at a CAGR of 9.1% during the forecast period. The global market for space launch services is projected to grow from 8.07 billion in 2022 to USD 20.54 billion by 2030.

The Middle East is an ever-evolving market with significant growth potential. With unprecedented developments, the region will continue making advancements in Earth observation, exploration, and mobile connectivity while shaping its space industry. The United Arab Emirates aerospace industry is essential to the national economy. The UAE is committed to developing a long-term strategic plan for a strong and sustainable foundation for advanced space innovation and exploration.

Our report on the Middle East & Africa space launch services market covers the following countries/regions – the UAE, Saudi Arabia, Israel, South Africa, and the Rest of the Middle East & Africa.

LATEST TRENDS

Development of Spaceports to Offer New Growth Opportunities

According to recent developments, Oman plans to build its first space rocket launch center in the region by 2023. The Etlaq Space Launch Complex will be based in the port city of Duqm. The Sultanate's National Aerospace Services Company (Nascom) will oversee the three-year construction project. Space rocket launch platforms promote scientific research and facilitate international cooperation in the space sector. Spaceports are a site for launching spacecraft and play an essential role in offering new opportunities for the space industry in the region.

DRIVING FACTORS

Growing Space Exploration Programs to Boost Regional Market Growth

Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Turkey are rapidly developing space programs. So far, Israel and Iran are the only countries capable of building and launching satellites from their territory. Saudi Arabia has again expressed ambitions to pursue space exploration, announcing last fall that it would invest USD 2.1 billion in its space program by 2030. Turkey has also announced an ambitious space program to make first contact with the Moon by 2023 to mark the 100th anniversary of the Turkish Republic. Such developments in the region for space exploration programs are anticipated to aid the Middle East & Africa space launch services market share expansion.

RESTRAINING FACTORS 

Higher Dependence on Foreign Countries May Restrict Market Growth

The Middle East & Africa region is highly dependent on investments from foreign economies. The region’s ambitious space programs require technologically advanced launch services and platforms, which might restrict the Middle East & Africa space launch services market growth. Furthermore, the United Arab Emirates space program has about USD 5.4 billion in public-private funding, compared with USD 23.3 billion in NASA's FY21 budget.

Moreover, the United Arab Emirates perceives space technology as an essential business venture to reduce its economic dependence on oil and improve its international standing. Saudi Arabia established the Saudi Space Agency in late 2018 and has committed a USD 1 billion budget. The aim of these efforts is to promote its space policy and strategy in the commercial, civilian, and military sectors and work with other ministries of the Saudi government.

The region is also highly dependent on developed countries for space launch services. For instance, in October 2022, Arabsat, an Arab satellite communication organization, signed a contract with the U.S. based SpaceX to launch its 7A satellite.

KEY INDUSTRY PLAYERS

Within the Middle East and North Africa (MENA) region, the most ambitious space program has been launched by the United Arab Emirates government. The UAE has recently expressed immense interest in space, establishing a National Space Agency to fund satellite projects and its planned human spaceflight program. These factors are anticipated to boost the market development.

The United Arab Emirates Space Agency and Amazon Web Services (AWS) aim to create a dynamic, sustainable, competitive, and innovative space sector in the United Arab Emirates (UAE). The space agency and AWS have designed three initiatives to support the agency's long-term development goals, the Emirati – AWS Space Industry Development Program (EASID), the Emirati – AWS Talent for Space Program (EATS), and the Emirati – AWS Open Data Sponsorship Program.

LIST OF KEY COMPANIES PROFILED:

• UAE Space Agency (UAE)


• Egyptian Space Agency (Egypt)


• Thaicom Public Company Limited (Thailand)


• China Great Wall Industry Corporation (China)


• Hindustan Aeronautics Limited (India)


• CAS Space (China)


• Arianespace (China)


• Mitsubishi Heavy Industries, LTD. (Japan)


• Space Pioneer (China)


• Axelspace Corporation (Japan)


• KT Sat Co., Ltd (South Korea)


• Intellian Technologies, Inc (South Korea)

KEY INDUSTRY DEVELOPMENTS:

• July 2022: Saudi Arabia became the latest Middle Eastern country to sign the U.S.-led Artemis Accords, which outlines peaceful exploration of the Moon and beyond. The deal was signed last week by Mohammed Saud Al-Tamimi, Chief Executive of the Saudi Space Commission, in a virtual ceremony that NASA administrator Bill Nelson also attended.


• July 2022: The United Arab Emirates announced the establishment of a 3 billion UAE dirham (USD 816.84 million) fund to support the development of radar satellites for its space program.


• December 2022: The United Arab Emirates Space Agency (UAESA) launched a space workshop to support the private sector and encourage startup opportunities. The workshop would also support the UAE's aspirations with its two-phase program, which would run over six months.

REPORT COVERAGE

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The Middle East & Africa space launch services market research report provides qualitative and quantitative insights on the market and a detailed analysis of the Middle East & Africa space launch services market size & growth rate. Along with the market forecast, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of the number of procedures, price analysis of various products, regulatory scenario in key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.

Report Scope & Segmentation