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Investment Opportunities in the Mexican Space Industry

Investment Opportunities in the Mexican Space Industry

Posted by Alejandra Romo on August 30, 2013

The study and development of the Mexican space industry is a key factor in boosting telecommunications, expanding the connectivity and inclusion of marginalized communities in remote areas of the country, in addition to the proven use of low orbit satellite observation to alert the population and mitigate the impact of nature-related disasters or monitor atmospheric phenomena, among other benefits.

By Jorge Sánchez Gómez / ProMéxico

The accelerated entry into the space economy has created a new challenge for Mexico. It implies the exploration, use and exploitation of outer space for scientific research; technology development and application; design, manufacture and operation of telecommunication systems; as well as satellitebased navigation, GPS, and earth and cosmic observation via vehicles launched and placed in space.

The Law that created the Mexican Space Agency (Agencia Espacial Mexicana or AEM) –on July 30, 2010– and the initiatives gathered in several public forums produced the General Guidelines of Mexico's Space Policy –published on July 13, 2011– and AEM's National Space Activity Program (Programa Nacional de Actividades Espaciales or PNAE), stating the national strategy for the promotion of space exploration, use and exploitation. The 2012-2015 PNAE is based on five strategic axes:

1. Human capital training and development in the area of space.

2. Space scientific research and technology development.

3. Industrial, commercial and competitiveness development in the space sector.

4. International affairs, regulations and safety in space matters.

5. Funding, organization and information technologies in space matters.

Each axis has well defined goals, strategies and lines of action. The first year of operations involved the organizational structure of the AEM and its five general coordinating offices –one for each strategic axis. That year also marked the beginning of works related to creating synergies between the various players.

The industrial-commercial and competitiveness development coordinating office adopted the roadmap methodology, which establishes a mechanism to integrate and document the current situation of the space industry while defining the path to follow and criteria needed to achieve this goal.

Strategic Milestones of Mexico's Space Sector

The Orbit Plan: Roadmap for the Mexican Space Industry 2012, in which a multidisciplinary group of academics, public servants and business owners expressed their prospective vision of the sector, established five strategic goals:

1. For Mexico to have a world-class, high-technology validation and standardization center for the space industry with the capacity to provide services on an international level [five years].

2. To establish a company that operates in Mexico with the technological capacity to design and manage space projects with the Public-Private Partership (PPP) model, which will be the nucleus and interface with those involved in space projects [two years].

3. To integrate a low orbit multifunctional satellite platform with 50% of critical technologies developed in Mexico [five years].

4. To create a PPP institution to coordinate the triple helix (government, industry and academia) for innovation in advanced materials for aerospace applications [five years].

5. For Mexico to have a 1% (1 billion usd) share in the space industry [five years].

 

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