Building a European Competitive Edge in Space: An Agenda for Action

Abstract

The global space economy is undergoing significant structural transformation. Rapid reductions in launch costs and the proliferation of mega-constellations of satellites are changing the space sector. The convergence of space technology with digital and defence infrastructure creates dual-use applications reshaping the sector into a foundational layer for economic competitiveness and geopolitical influence. Projections indicate the global space economy could reach USD 1.8 trillion by 2035, outpacing global GDP growth. Europe faces challenges: declining market share, limited budgets, and underdeveloped private capital markets. The report identifies a common diagnosis: Europe's space ecosystem is constrained by institutional, financial, and industrial fragmentation.

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