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Singapore sets up Earth observation initiative in space sector push
An additional S$60 million will also be invested over the next two years in projects to further Singapore’s capabilities in the space sector, said the national space office.
Singapore sets up Earth observation initiative in space sector push
Singapore's mission control at Nanyang Technological University monitors and commands seven satellites in low Earth orbit. (Photo: Gwyneth Teo)
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Fabian Koh
Fabian Koh
26 Feb 2025 10:37AM (Updated: 26 Feb 2025 04:45PM)
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SINGAPORE: Singapore has set up a new initiative to solve sustainability and humanitarian challenges in the region using remote sensing satellite technology, the national space office announced on Wednesday (Feb 26).
The Earth Observation Initiative (EOI), led by Singapore’s Office for Space Technology & Industry (OSTIn), will address Asia-Pacific’s issues such as food and water quality, disaster and disease monitoring as well as forestry and land management, the agency said in a press release.
An additional S$60 million (US$44.8 million) will also be invested in OSTIn’s Space Technology Development Programme (STDP) over the next two years, to boost technological innovation and develop Singapore's space technology ecosystem.
The agency will also work with its foreign counterparts to develop international norms and an open, inclusive and rules-based global regime governing space activities.
These were among the new initiatives to drive Singapore’s push into the nascent space sector, unveiled at the Global Space Technology Convention & Exhibition 2025.
The global space economy is expected to triple in size and reach US$1.8 trillion by 2035, up from US$630 billion in 2023, according to a World Economic Forum report published in April last year.
“Singapore’s space sector is entering a new phase of growth, driven by global developments lowering the cost of space technology and growing real-world needs,” said Economic Development Board (EDB) managing director Jacqueline Poh.
“By leveraging our strengths in business and R&D (research and development), we aim to develop space technologies that can unlock new economic opportunities, reinforcing Singapore’s role in the global space economy.”
FIRST OF ITS KIND
The EOI, the first of its kind in Singapore, is coordinated by OSTIn and aims to use space technologies to make a difference on regional issues.
The 15 partners and members include intergovernmental entities, research institutions and industry players, such as global bodies like the United Nations Office for Outer Space Affairs and World Bank, as well as local players like the Singapore Land Authority and Maritime and Port Authority.
Earth observation technology is a cost-effective way to monitor, manage and mobilise resources by providing comprehensive, real-time data on a wide range of environmental scenarios, OSTIn explained.
An additional S$60 million will also be invested over the next two years in projects to further Singapore’s capabilities in the space sector, said the national space office.
Singapore sets up Earth observation initiative in space sector push
Singapore's mission control at Nanyang Technological University monitors and commands seven satellites in low Earth orbit. (Photo: Gwyneth Teo)
Listen
7 min
New: You can now listen to articles.
Fabian Koh
Fabian Koh
26 Feb 2025 10:37AM (Updated: 26 Feb 2025 04:45PM)
Bookmark
Share
Read a summary of this article on FAST.
FAST
SINGAPORE: Singapore has set up a new initiative to solve sustainability and humanitarian challenges in the region using remote sensing satellite technology, the national space office announced on Wednesday (Feb 26).
The Earth Observation Initiative (EOI), led by Singapore’s Office for Space Technology & Industry (OSTIn), will address Asia-Pacific’s issues such as food and water quality, disaster and disease monitoring as well as forestry and land management, the agency said in a press release.
An additional S$60 million (US$44.8 million) will also be invested in OSTIn’s Space Technology Development Programme (STDP) over the next two years, to boost technological innovation and develop Singapore's space technology ecosystem.
The agency will also work with its foreign counterparts to develop international norms and an open, inclusive and rules-based global regime governing space activities.
These were among the new initiatives to drive Singapore’s push into the nascent space sector, unveiled at the Global Space Technology Convention & Exhibition 2025.
The global space economy is expected to triple in size and reach US$1.8 trillion by 2035, up from US$630 billion in 2023, according to a World Economic Forum report published in April last year.
“Singapore’s space sector is entering a new phase of growth, driven by global developments lowering the cost of space technology and growing real-world needs,” said Economic Development Board (EDB) managing director Jacqueline Poh.
“By leveraging our strengths in business and R&D (research and development), we aim to develop space technologies that can unlock new economic opportunities, reinforcing Singapore’s role in the global space economy.”
FIRST OF ITS KIND
The EOI, the first of its kind in Singapore, is coordinated by OSTIn and aims to use space technologies to make a difference on regional issues.
The 15 partners and members include intergovernmental entities, research institutions and industry players, such as global bodies like the United Nations Office for Outer Space Affairs and World Bank, as well as local players like the Singapore Land Authority and Maritime and Port Authority.
Earth observation technology is a cost-effective way to monitor, manage and mobilise resources by providing comprehensive, real-time data on a wide range of environmental scenarios, OSTIn explained.