Market Share of UAE Satellite Imagery Services Industry
The UAE satellite imagery services market is expected to be moderately consolidated. The market has limited players with significant shares, such as government agencies and a few local and global players. A few prominent players operating in the market include Airbus SE, Mohammad Bin Rashid Space Centre (MBRSC), United Arab Emirates Space Agency, Al Yah Satellite Communications Company PJSC (Yahsat), and Thuraya Telecommunications Company.
In June 2023, The UAE announced plans to send the imaging satellite MBZ-Sat, named after President Sheikh Mohamed, into orbit, at the Mohammed bin Rashid Space Centre (MBRSC) in Dubai next year. A Falcon 9 rocket will lift the 800-kilogram satellite into orbit on a ride-share mission with SpaceX. As the globe is preparing to assemble in Dubai for Cop28 from November 30 to December 12, it aligns with the UAE's more significant ambition to speed up the battle against climate change.
In May 2023, The United Arab Emirates (UAE) Space Agency and Planet Labs PBC announced a partnership to develop a regional satellite-driven loss and damage atlas for climate change resilience. The initiative attempts to supply data to a chosen nation with high levels of climate risk to foster resilience, educate policy choices, and encourage finance initiatives for climate adaptation and mitigation.
UAE Satellite Imagery Services Market Leaders
Airbus SE
Mohammad Bin Rashid Space Centre (MBRSC)
United Arab Emirates Space Agency
Al Yah Satellite Communications Company PJSC (Yahsat)
Thuraya Telecommunications Company
*Disclaimer: Major Players sorted in no particular order
