ESA Space Economy

ESA seeks to ensure a sustainable growth of the European space sector and the creation of value to society, from basic research to service development.

News from Space Economy


U.S. BEA publishes updates on the U.S. space economy’s contributions to the U.S. economy

Since 2020, the U.S. Bureau of Economic Analysis (BEA, an agency of the U.S. Department of Commerce) is developing statistics measuring the contributions of space-related industries to the overall U.S. economy. Based on a U.S space economy satelli...
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ESA Space Economy – Understanding data on the space sector’s economic value

As published by the Organisation for Economic Co-operation and Development (OECD) in 2012, the space economy is the full range of activities and the use of resources that create value and benefits to human beings in the course of exploring, resear...
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ESA Space Economy – Partnering with CERN to share best practices in measuring the impacts of large research infrastructures on society

ESA Space Economy team has been cooperating with the European Organisation for Nuclear Research (CERN) since 2019. In June 2019, a first ever workshop on the “Economics of Big Science” was held in Brussels during the Future Circular Collid...
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ESA Space Economy

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Space Economy activities to support ESA Council at Ministerial level, CM22


Space activities and capabilities significantly contribute to Europe’s leadership in science, technology and innovation, and support Europe’s economy and society towards more responsibility, resilience and autonomy. Space provides crucial solutions and support for monitoring, early warning, or emergency responses in case of catastrophic events. Space missions inspire, protect future generations and shape our economic growth.
Space infrastructure and its applications will play a crucial role in supporting Europe in overcoming the challenges it faces. Continuous public investment in space will remain essential to ensure sustainability and to prevent the loss of R&D capabilities and critical skills which safeguard and strengthen Europe’s sovereignty. At the ESA Council Meeting at Ministerial level, CM22, 14 independent socio-economic studies will support critical decisions while providing evidence of the value generated by space in Europe.
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Space Economy Initiatives


ECSECO

ECSECO

ECSECO is the European Centre for Space Economy and Commerce, established in 2022 by ESA Director General. Its objective is to provide a European platform for interdisciplinary discussions and research on space economy and commerce.

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European Space Economy satellite account

European Space Economy satellite account

In March 2022, ESA, in cooperation with Eurostat and the Joint Research Centre (JRC), launched a cooperation project to investigate the development of a European Space Economy satellite account, using official statistics to measure the European space sector.

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Global Space Markets Challenge

Global Space Markets Challenge

Eligible start-ups and SMEs have the opportunity to introduce their space products and/or services to international markets.Learn more about 2021 winners!

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