Europe Eyes โฌ1.5 Trillion Space Marketโข by 2035,Calls โขfor โIncreased Investment
Brussels,Belgium – October 14,2025 – A burgeoning space โคeconomy poised to reach โฌ1.5 trillion by 2035 demands โimmediate โขand sustained investment to secure Europe’s competitive edge, accordingโฃ to industry leaders and โthe European Union Space Program Agency (EUSPA). The call to action, amplifiedโค today by EUSPA managing Director Rodrigo da Costa, underscores theโข criticalโข need for a more โขresilient and โautonomousโ European presence โin the rapidlyโ expanding space sector.
This projected growth represents a significant prospect forโ European businesses and jobโ creation, but realizing โit hingesโ onโ 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,โค and downstream applicationsโ impacting โsectors from agriculture and transportation to security โขand environmental monitoring. Failureโค to invest decisively risks ceding market โคshare to competitors in the Unitedโ States and asia, potentiallyโค undermining Europe’s technological sovereignty.
Da Costa, in a video message delivered today, emphasized the โimportance of fostering โฃa “safer, more competitive and resistant European space age.” The EUSPA is activelyโค working โto unlockโ the โfull potential of โคthe European space program, including Galileo โand Copernicus, by supporting innovative businesses and facilitating โคaccess to funding.
The โฌ1.5 trillion market forecast โbuilds uponโค existingโ growth within the sector. according to recent analyses,the space economyโ already contributes significantly to European GDPโข and employs hundreds of thousands โคof skilled workers. Though,maintaining this momentum requires addressing key bottlenecks,including attracting private investment,streamlining regulations,and fostering โcollaborationโ between public and private entities. The European โคCommission โis โcurrently reviewing its space strategy toโ identify โfurther opportunities โfor investment and policy reform.
