A new edition of the European Union’s Space Market Report is now available. According to the EU’s Agency for the Space Programme (EUSPA), it offers a comprehensive overview of the latest developments, emerging trends, and market dynamics shaping the global space downstream sector.
The report provides a comprehensive overview of the latest developments and trends in GNSS, as well as Earth observation (EO), secure satellite communications (Secure SATCOM), and space situational awareness (SSA) in one place for the first time. It also highlights the evolution of user technologies and the growing synergies between these domains.
“As Europe’s space capabilities become increasingly interconnected, it is essential to move beyond viewing them as standalone technologies,” explained Rodrigo da Costa, EUSPA executive director. The publication “reflects the growing synergies between these domains and their strategic importance for Europe’s economy, resilience and autonomy.
“By providing a comprehensive view of the evolving space ecosystem, EUSPA aims to foster innovation, strengthen collaboration across the sector, and support the development of a more competitive, agile and responsive European Union space economy,” da Costa said.
The report highlights sustained growth for both the GNSS and EO markets across all 16 analyzed market segments. The current €3.5 billion of EO market revenue in 2024 is expected to grow to €7.9 billion by 2034 with agriculture representing the largest share.
GNSS revenues are forecast to rise from €300 billion in 2024 to €580 billion by 2034. GNSS service revenues outpace device revenues and confirm the increasing role of digital ecosystems and value-added services in the space economy, the report said.
Revenues are mainly driven by consumer solutions, and road and automotive, with a global installed base of GNSS-enabled devices that will reach almost 10 billion by 2034.
The Secure SATCOM market addresses the needs of surveillance, key infrastructure and crisis management. In this sector, data service revenues generated by EU users are forecast to grow significantly, increasing from more than €200 million in 2025 to nearly €1.2 billion by 2040.
While maritime surveillance drives demand in 2025, by 2040 the market is expected to be led by law enforcement interventions, civil protection and force deployment, fueled by growing security and resilience needs, demand for reliable connectivity, and stronger crisis-response capabilities.
The report also examines how major macroeconomic trends —including climate change, geopolitical instability and rapid urbanization — are reshaping space markets and strengthening synergies between EO, GNSS and Secure SATCOM technologies. Together, these capabilities are becoming increasingly important for security, resilience, disaster response, environmental monitoring, and smarter urban and infrastructure management.
