EU, common market for space services - The act aims to strengthen the bloc's position in the global arena
The EU Commission aims to create a competitive single market for spatial services and data by reducing bureaucracy, protecting spatial assets and ensuring a level playing field for all businesses.
"The Space Act will allow us to grow in space," EU Commissioner for Defence and Space Andrius Kubilius told reporters. "Expansion into space means growth and jobs on Earth and beyond," he added.
The regulation also aims to address Europe's fragmented space rules, harmonizing national measures to make the bloc's space market cleaner, safer and more resilient.
"This fragmentation is bad for business, for competitiveness and for our future in space," argued Kubilius, emphasizing that Europe wants a stronger role in the global space economy.
In 2023, the global economy of this sector was estimated at 572 billion euros and is expected to grow by about 9% per year until 2035, potentially reaching 1.6 trillion euros.
However, until now, the space market has depended mainly on public investments and institutional programs, an area where Europe risks falling behind.
According to the European Space Agency (ESA), the old continent accounted for 11% of global public space funding in 2023 (12 billion euros), while the United States contributed 64% (over 65 billion euros) and China 12%.
Kubilius also warned that space is becoming increasingly congested. "It is time to establish space rules of the road, to prevent damage and disasters and to protect services," he said.
Over the next decade, around 50,000 new satellites and around 140 million pieces of debris will enter orbit, according to EU figures. Space assets are increasingly exposed to threats, both intentional and accidental. Kubilius noted the rise of cyber and physical risks.
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