ESA publishes the Report on the Space Economy 2024: key trends shaping Europe’s space sector

The European Space Agency (ESA) has released a report offering a detailed overview of the state of the European space economy in 2024. The document outlines the year’s main macroeconomic trends, providing the broader context in which the space industry is evolving, and compiles the sector’s essential data and figures. It also includes information on public and private investment in space, overall space activity, industry revenues —both upstream and downstream— and developments in the sector’s workforce.

The study shows that, despite a highly competitive international landscape, Europe continues to sustain a significant level of space activity and is advancing in key segments such as satellite constellations, data-driven services, Earth observation and communications applications. The ESA also highlights the consolidation of new business models and the growing role of innovation as drivers that are rapidly diversifying the space ecosystem.

This context creates a favorable environment for companies and SMEs interested in developing space-related technologies, services or projects. The report emphasizes the importance of keeping a close eye on funding opportunities, collaborations and European programs at a time when the demand for space-based solutions continues to rise.

The full report can be accessed at the following link: