Europe Eyes €1.5 Trillion Space Market by 2035,Calls for Increased Investment
Brussels,Belgium – October 14,2025 – A burgeoning space economy poised to reach €1.5 trillion by 2035 demands immediate and sustained investment to secure Europe’s competitive edge, according to industry leaders and the European Union Space Program Agency (EUSPA). The call to action, amplified today by EUSPA managing Director Rodrigo da Costa, underscores the critical need for a more resilient and autonomous European presence in the rapidly expanding space sector.
This projected growth represents a significant prospect for European businesses and job creation, but realizing it hinges on overcoming current challenges in funding, technological development, and strategic autonomy. The expansion isn’t limited to conventional space activities; it encompasses a vast ecosystem including satellite-based services, data analytics, and downstream applications impacting sectors from agriculture and transportation to security and environmental monitoring. Failure to invest decisively risks ceding market share to competitors in the United States and asia, potentially undermining Europe’s technological sovereignty.
Da Costa, in a video message delivered today, emphasized the importance of fostering a “safer, more competitive and resistant European space age.” The EUSPA is actively working to unlock the full potential of the European space program, including Galileo and Copernicus, by supporting innovative businesses and facilitating access to funding.
The €1.5 trillion market forecast builds upon existing growth within the sector. according to recent analyses,the space economy already contributes significantly to European GDP and employs hundreds of thousands of skilled workers. Though,maintaining this momentum requires addressing key bottlenecks,including attracting private investment,streamlining regulations,and fostering collaboration between public and private entities. The European Commission is currently reviewing its space strategy to identify further opportunities for investment and policy reform.
