EMTech Cyprus and Geomatics Cyprus have teamed together to facilitate the ESA Plan for European Cooperating States (PECS) for a Cyprus spacE sectoR dEvelopment Study (CERES). The objective of this contract is to assess the development potential of Cyprus’ industrial capabilities in the space sector, its technologies and readiness to collaborate with ESA.
This project is funded entirely through the Cyprus contribution to the ESA PECS budget and the project team has the support of the ESA and Cyprus Department of Electronic Communications (DEC). The survey aims to gather the needs and capabilities from Cypriot entities interested in the space sector, plus to identify – and when possible to quantify the potential of the Cyprus upstream space sector and space-related downstream services.
The team has already prepared a questionnaire and is currently in the process of arranging in person meetings with identified stakeholders in industry and academia to assist with the survey’s filling and obtain insight in the wider economic and geopolitical exploitation of the country’s space sector.
Stylianos Tsatalas, EMTECH Space CY-CEO made the following statement:
“This study is of vital importance for Cyprus. Gathering the capabilities and the needs of Cyprus regarding space technologies shall allow building realistic and viable business models. Based on the models, suggested scenarios will be created along with a roadmap. All results will be presented at ESA and DEC. DEC will study the results and will form a Cyprus space policy. Moreover, the Cypriot Delegation will assess if Cyprus will remain as a cooperating state or advance to associate or even full member status of ESA.”
Vasiliki (Betty) Charalampopoulou, GEOMATICS (Cyprus) Ltd Director made the following statement:
“The satellite-based earth observation market latest reports provide a forecast and analysis at a global and regional level as well as for key countries during the period 2020-2024. Use of satellites for advanced environment monitoring, growing demand for satellite-based observation among developing countries, and resurge in spending on space programs and entry of private players will drive this market’s growth over the forecast period. The CERES study will include the Cypriot latest drivers and restraints and analyzes the current market scenario, to provide current and expected market situation till 2024. Cyprus can become a key country and can be included in the next satellite-based earth observation market next year’s reports.“