Southeast Asia Space Industry Report

This report was authored in collaboration with Singapore Space & Technology Ltd

Space has the potential to unlock US$100 billion in economic value contribution across Southeast Asia between 2023 and 2030. Earth observation (EO), the practice of collecting and analysing satellite data, is at the forefront of creating value across industries, including those ostensibly unrelated to space. Southeast Asian businesses are finding novels means of applying satellite data to their everyday challenges.

Whether it be a Thai rice farmer using satellite analysis to improve agricultural productivity or a Malaysian real estate developer using satellite imagery for site selection, earth observation is set to revolutionise businesses, leading to significant opportunities for productivity increases and cost avoidance. This report, developed in collaboration with Singapore Space Technology Limited, highlights key trends in ASEAN’s space ecosystem and outlines opportunities for private sector players to lead in this evolving landscape.
 

While EO is set to provide benefits across industries, land intensive industries are poised to benefit the most, with the Agriculture, Mining, Oil & Gas, and Electricity & Utilities, and Government & Public Services sectors poised to capture the majority of EO's added GDP contribution. The benefits of EO are likely to be felt indirectly across the entirety of the regional economy, as industries like Financial Services & Insurance leverage improved risk modelling, enhance ESG compliance, optimise supply chain financing, and innovate in microinsurance solutions.

About Deloitte Southeast Asia Space Practice
Deloitte's Southeast Asia Space Practice leverages over 15 years of global expertise to help organisations harness the potential of space technologies. Our practice builds on strong a strong network of scientists, technologists, and advisers supporting clients in over 15 countries. With experience ranging from launching rockets and deploying satellite systems to analysing the global commercial space economy in partnership with the World Economic Forum, we empower businesses to navigate challenges in this transformative frontier.

About Singapore Space & Technology Ltd
Singapore Space and Technology bridges technology and communities to harness the power of space for the benefit of future generations. Established in 2007, Singapore Space and Technology Ltd is a non-profit organisation that champions the Southeast Asia space ecosystem, connecting it to the global space agenda to drive business opportunities. Singapore Space and Technology Ltd creates platforms in partnership with the private and public sectors to support industry advocacy, drive adoption of space technologies into new sectors, and advance commercialisation of new space enterprises. Leveraging its deep industry knowledge and connectivity, the organisation bridges the divide between space and non-space sectors to create opportunities today that will shape our tomorrow.