NewSpace Africa Report, 2024
This latest edition comprehensively analyses 327 active commercial space companies using key metrics, including market segmentation, geographical distribution, revenue generation, workforce distribution across all industry segments, funding structures, and future industry outlooks.
Description

The report comprehensively analyses 327 active commercial space companies and offers insights into market segmentation, workforce distribution, operational models, geographical distribution, funding structures, and future industry outlooks. The report indicates that African NewSpace companies, operating across six industry segments—satellite communication, Earth observation, satellite component manufacturing, astronomy, capacity development, and satellite navigation—collectively generated USD 309.31 million in revenue in 2023. Earth observation (EO), satellite communication (Satcom), and satellite component manufacturing emerged as the dominant contributors, accounting for the largest revenue share among these segments. These segments also represent the primary employment drivers within the African space sector and host most companies operating in this industry.
Report Scope
- Industry Overview
1.1. Geographical Distribution of African NewSpace Companies
1.2. Evolution of the African NewSpace Companies – Trend in the Establishment Timeline
1.3. African NewSpace Industry Classification
1.4. Segment Distribution and Market Segmentation
1.5. Ownership and Leadership Structures
1.6. Workforce in the African NewSpace Industry
1.7. Business Model of African NewSpace Companies
1.8. Emerging Business Trends in the African Commercial Space Companies Ecosystem
- Revenue Generation and Projection
2.1. Overview
2.2. Segment Analysis – Satellite Communication
2.3. Segment Analysis – Manufacturing
2.4. Segment Analysis – Earth Observation
2.5. Segment Analysis – Others
- Funding Landscape
3.1. Overview
3.2. Which Segment Has Received the Most Funding?
3.3. Investment Trends
3.4. Strategic Implications for African NewSpace Companies
3.5. Other Funding Sources
3.6. Acquisition
3.7. Expansion Plans
- Industry Segment Analysis
4.1. Earth Observation Segment
4.2. Manufacturing Segment
4.3. Satellite Communications Segment
4.4. Other Segments
4.5. Future Outlook
- Abbreviation
Countries Covered in the Report
The report analyses the African NewSpace landscape across all 55 African nations, focusing on 327 active commercial space companies domiciled in 36 African countries. These companies provide solutions and services across key industry segments, including satellite manufacturing, earth observation, remote sensing, satellite communications, astronomy and space science, and satellite navigation. They serve various industries, including agriculture, connectivity, security, insurance, aviation, mining, health, and education.
The 36 countries explored include Algeria, Angola, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Mauritius, Morocco, Nigeria, Rwanda, South Africa, Namibia, Sudan, Tunisia, DR Congo, Gabon, Libya, Senegal, Zimbabwe, Madagascar, Cameroon, Sierra Leone, Botswana, Liberia, Uganda, Mali, Burkina Faso, Tanzania, Togo, Zambia, Swaziland, Niger, South Sudan, Malawi and Somalia.
Questions Answered in the Report
This report analyses the African NewSpace ecosystem, outlining key players, their service offerings across various industry segments, and the origins of their customer base. Below are the main questions addressed:
Target Audience: Governments & Policy Makers
- Who: The report analyses the players across all African countries. It focuses on a multilayered effort to determine the status of the companies and only accounts for those that have been active in the last 12 months. This includes a detailed taxonomy of the companies to provide a bird’ s-eye view and a localised summary.
- What: The report comprehensively answers questions about the services or solutions these companies offer in six industry segments: Remote Sensing and Earth Observation, Satellite Communication, Manufacturing, Astronomy, Satellite Navigation and Positioning, and Capacity Development.
- Where: The report analyses where the companies can sell and expand their service offerings, the sources of funding for these companies and the funding landscape in the industry over the last decade.
Target Audience: Investors
- What: The report provides a thorough analysis of the companies’ revenue generation and projections for the future, giving a holistic account of the companies and the contribution of each industry segment to the ecosystem.
- How: The report analyses how these companies conduct their business, the business models employed, and the effect on their service offerings. It also provides a comprehensive view of the growing business trends across each industry segment.
Target Audience: International NewSpace Companies
- How: The report provides recommendations on how these companies can improve their business, whether by looking at what similar businesses are doing to improve their market share or what they can do based on established norms globally.
- Where: The report analyses the funding and investment opportunities available for companies to take advantage of, which can be valuable information for international NewSpace companies considering expansion or investment in the African market.
Target Audience: National Space Agencies
- Who: The comprehensive analysis of the players operating in each country can provide valuable insights for national space agencies to understand the type of companies active in their respective markets.
- What: The detailed information on the service offerings and industry segments can help national space agencies identify potential partners, collaborators, or focus areas for their space programmes.
Target Audience: Local and International Space Actors
- What: The report’s coverage of the different industry segments, from Remote Sensing to Satellite Navigation, can assist local and international space actors identify potential areas of cooperation, synergies, or complementary capabilities.
- Where: The insights on the funding landscape and expansion opportunities can inform strategic decisions for local and international space actors looking to engage with or invest in the African space ecosystem.
Target Audience: Universities and Research Institutions
- Who: The company-level analysis and taxonomy can help universities and research institutions understand the talent pool and expertise available within the African NewSpace industry.
- What: The report’s exploration of the industry segments, particularly in areas like Astronomy and Capacity Development, can inform research agendas and educational programs to support the growth of the African space sector.