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.
Space Economy activities at ESA have four priorities:
- Monitor the space sector globally and Europe’s competitiveness
- Establish strategic partnerships, notably with the OECD, Eurostat and the EC JRC, and CERN
- Evaluate the social, economic and environmental impacts of space
- Provide the secretariat of the European Centre for Space Economy and Commerce, ECSECO
News
ESPI publishes its annual report on the private investment in the European and global space sector
The European Space Policy Institute (ESPI) published its annual Space Venture report, providing a detailed overview of the Global Investment dynamics in 2024. At the global level, the sector experienced a 6% increase in total investment in 202...
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ESA pilots new framework to assess sustainability benefits across its programmes
In the lead-up to the 2025 Council meeting at ministerial level (CM25), ESA is taking an important step forward strengthening its efforts in developing a unified approach to impact assessment. A new cross-agency pilot is underway to develop a ha...
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ESA Business Applications and Space Solutions Success Stories: Harnessing the power of space technology
ESA Space Solutions, through its Business Applications and
Space Solutions (BASS) programme, is helping companies across Europe harness
the power of space technology to solve real-world challenges. By supporting
innovation in sectors such as trans...
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Create accountEvaluating the social, economic and environmental impacts of space in support of ESA Council at Ministerial level.
The programmes implemented through the European Space Agency
significantly contribute to Europe’s leadership in science, technology, and innovation.
With some of the most advanced satellites in Earth observation, communications,
and navigation, as well as world-renowned science and exploration missions, ESA
programmes provide crucial solutions for monitoring, early warning systems, and
supporting employment and growth while inspiring and protecting future generations.
In 2025, Ministers from ESA's 22 Member States will decide on the next space
missions that will play a critical role in supporting European nations in overcoming
challenges such as climate change, civil security, sustainable economy, and
sovereignty.
In preparation for this 2025 Ministerial Meeting (CM25), independent socio-economic
impact studies are currently underway. Their objective is to provide robust insights
into the social, economic, and environmental impacts of Europe’s investment in ESA
programmes.
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