African Space Economy Valued at USD 24.95 Billion, Projected to Reach USD 39.52 Billion by 2030
Space in Africa, a boutique consulting and media firm providing data-driven insights for businesses and decision-makers to succeed in the African space industry, has released the African Space Industry Annual Report, 2025 Edition. The report is the definitive resource for understanding Africa’s space ecosystem and the authoritative reference trusted by the global space community for strategic planning.
The highlight of this year’s report is a new valuation of the African space industry, the only globally trusted source of valuation and projection metrics for Africa’s space economy, relied upon by the global space community. The report reveals that in 2024, the African Space Economy is valued at USD 24.95 billion and is projected to maintain its growing momentum, expanding to USD 39.52 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 7.97%. This 2024 valuation significantly surpasses the 2026 forecast published in our 2022 report, which became the foundation for global discussions on African space capabilities. At that time, the industry was valued at USD 19.49 billion (for 2021) and projected to reach USD 22.64 billion by 2026, meaning Africa’s space economy has already exceeded that projection by USD 2.31 billion, two years ahead of schedule.
The accelerated growth demonstrated by the new data is not a sudden event but rather reflects a consistent, upward momentum driven by the public, private, and intergovernmental agencies that constitute the entire African space value chain. This also reflects the interconnected nature of the industry, as no single country or region conducts space activities in isolation.
Comprehensive Nine-Segment Analysis
This valuation represents a comprehensive bottom-up analysis derived from a systematic assessment of the industry’s nine core segments:
Unprecedented Depth of Analysis
Beyond market valuations, the 2025 edition provides unparalleled insights into Africa’s space ecosystem, including:
- Satellite Manufacturing Intelligence: Detailed analysis of satellite procurement pipelines across 13 African nations, identification of contractors and partnership patterns, and transparent cost segmentation covering manufacturing and launch costs by mission, orbit type, and satellite size.
- National Programme Benchmarking: Comparative data on African space budgets, including spending as a percentage of GDP, percentage of defence budgets, and per capita investment, providing policymakers and other stakeholders with the tools to benchmark their nations against regional peers.
- NewSpace Ecosystem Mapping: Complete landscape classification of 300+ African space companies by market reach and industry segment, revealing strategic opportunities for investors and entrepreneurs.
- Policy Formulation: This report provides an in-depth analysis of national space policies and priorities across eight key countries. It offers a playbook of effective (and ineffective) strategies, along with recommendations to improve the current status.
- Geopolitical Analysis: Examination of Africa’s space policy landscape and lunar engagement through the Artemis Accords and International Lunar Research Station (ILRS), alongside comprehensive mapping of international partnership models.
- Infrastructure and Applications: Ground station distribution mapping, Earth Observation market trends, space application projects across agriculture, disaster management, and natural resource monitoring, and astronomy infrastructure, including the Square Kilometre Array project.
- Project & Priority Mapping: A detailed overview of active space projects and their funding landscape, with analysis of which development areas are prioritised. This helps readers identify gaps and opportunities to co-finance or support new initiatives.
A Resource for Global Stakeholders
The African Space Industry Annual Report, 2025 Edition, serves diverse audiences across the space value chain: satellite manufacturers seeking market intelligence, investment firms conducting due diligence, government officials formulating space policy, telecommunications operators evaluating connectivity opportunities, development agencies identifying strategic intervention points, and academic institutions advancing space research.
With its comprehensive analysis of 65 satellites launched from African countries between 1998 and 2025, transparent valuation methodologies, and actionable market insights, this report has established itself as the indispensable reference for anyone seeking to understand or participate in Africa’s rapidly expanding space economy.
Discover the full insights and purchase the report here.
About Space in Africa
Space in Africa is a boutique consulting and media firm dedicated to providing data-driven insights, market intelligence, and strategic advisory services to businesses and decision-makers in the African space industry. Through rigorous research and transparent methodologies, Space in Africa enables stakeholders to make informed decisions and succeed in Africa’s rapidly growing space sector. The firm’s reports have become the foundation for global discussions on African space capabilities and are trusted by satellite manufacturers, institutional investors, government agencies, and international organisations worldwide.