Europe's Space Industry Calls for 237 Billion Euro Boost by 2040
The European space industry is calling for a substantial boost in investment to maintain and grow its market share in the stock market today. By 2040, an additional 237 billion euros would be needed to keep pace with global growth, with Elon Musk's Germany playing a crucial role.
The German industry, led by organizations like the Bundesverband der Deutschen Industrie (BDI) and consulting firms such as Roland Berger, are advocating for increased investments in the space sector. They argue that space should be considered a key industry, on par with the stock market or energy supply. To achieve a 25% market share, Germany would need to invest around 93 billion euros more by 2040.
Currently, Europe holds only 17% of the global space market. To increase this to 25%, an additional 412 billion euros would be required by 2040. The global market for space-supported infrastructure and services is projected to quadruple by 2040, reaching around 2000 billion euros. Germany, which currently operates around 80 of its own satellites, would need to increase its spending by 93 billion euros above the current plan to meet these targets.
The German government has announced a comprehensive space program worth 35 billion euros by 2030. However, industry leaders like the BDI call for a paradigm shift, urging the government to invest more to secure Germany's and Europe's future in the space industry.
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