As the West explores new frontiers, South-east Asia is looking back down at Earth from space
Earth observation data has ‘increasingly pragmatic’ use in trade-heavy corridors and across archipelagos
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[SINGAPORE] While space exploration, lunar missions, rocket launches and the largest initial public offering in history have dominated headlines in the West’s space race, South-east Asia is finding value in space – much closer to Earth.
As Elon Musk’s SpaceX prepares to go public in a record US$75 billion offering, South-east Asia’s private sector involvement in the space race has become increasingly tied to Earth observation (EO) data from which organisations can make decisions, experts told The Business Times.
Increasing adoption of such data from the public and private sector is expected to offer the regional economy a significant boost – Deloitte estimates that the EO industry could contribute an additional US$100 billion to the region’s gross domestic product by 2030.
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