Latin America has seen a recent surge in investments targeting its space capabilities. The region’s main economic and social challenges are associated with resource management, agriculture and emergency response, raising opportunities for Copernicus services and data in a region frequently hit by natural disasters.
Space-based capabilities are expected to boost the region’s strong potential for further improvements in economic development, security, and environmental safety, as the market opportunities with the highest potential are expected to be in resource management, agriculture and emergency response on natural hazards (e.g. earthquakes, tsunamis, landslides).
Resource management is crucial for economic development and environmental purposes the region, with opportunities lying mainly in i.e. satellite-based forest monitoring, mineral resources mapping, fishing surveillance and pollution monitoring.
EU space services and products can also be key for agriculture and herd management, in particular in view of the development of digitalised crop and herd surveillance, precision farming, natural disaster mitigation on agriculture produce and food security risk assessment and farm-to-fork traceability.
Regarding emergency response, EU space technologies have a big potential in areas such as e.g. disaster management, the development of the drone industry (medical/pharma product delivery in highly populated or remote areas), maritime and port monitoring, mining and pollution monitoring.
Access the latest in-depth analysis of space market opportunities in the Central America & Caribbean, South America here: Global Market Report Central & South America, The Caribbean
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