Space in Africa has released the NewSpace Africa Industry Report, 2019 Edition.
This report provides an overview of 34 companies that are currently navigating the African space industry, with an emphasis on their size, financial and investment history, and products and services, as they exist and interact with other elements in the global space ecosystem. The compilation and profiling of these companies cut across the public and private sectors of countries across the African continent (featuring Egypt, Kenya, Mauritius, Nigeria, South Africa, Sudan, and Tunisia). Some of these firms are offshoots of research institutions in universities, commercial spin-offs powered by national governments, or startups that have matched opportunity with ambition.
The African space industry is currently worth $7.37 billion and is projected to grow to more than $10.29 billion during the next five years, according to the report. The industry is growing in terms of the number of ventures and innovation. Space In Africa acted on this need, to survey the commercial companies that are driving growth in the continent’s space sector.
Market segments ventured into by the companies profiled in this report include satellite communications, Earth Observation, manufacturing and engineering, surveillance services, and satellite data. Their businesses include satellite systems and components, satellite services, propulsion system engineering, space tourism, and ground stations. In all, this report profiled 34 companies. Of these, three are spinoffs from university research institutions, five are government-owned companies, while 26 companies are privately owned companies. In terms of regional demographics, 21 of these companies are based in South Africa, 4 are in Nigeria, and another four are in Mauritius. Egypt is home to two of these companies, while Kenya, Sudan, and Tunisia host one each.
The report also points out that in respect of the funding models adopted by these companies, 21 have raised equity investments; eight are bootstrapping with no external funding, and four are primarily funded by the government, while one is funded by a University. The report further provides information on their services and areas of commitment: 11 of these companies serve the national markets of the countries in which they are based; seven cater to their customers and clients around the continent, and the remaining 16 are already delivering products and services to the global market.