ISSUES AT STAKE • The combined global revenues of Earth observation and positioning-navigation-timing solutions revenues are expected to double between 2023 and 2035, making space services one of the fastest growing economic sectors. According to the European Commission, around 10 % of EU GDP is enabled by satellite signals. However, space congestion hampers further development. • The probability of a new global 'space race' led the European Council to identify space as a sensitive sector where strategic EU dependencies need to be reduced. A legislative initiative on an EU space law is planned in the European Commission’s 2025 work programme (Q2). • While there is a broad consensus on the relevance of collective EU space assets and services for competitiveness and strategic autonomy, Member States hold different views on the most appropriate legal basis and legislative format for EU action. • Most stakeholders in the EU are supportive of an EU space act that would address the safety, security and sustainability of space operations and facilitate the creation of a single market for space services, provided it does not hamper the competitiveness of EU space actors by creating additional burdens, and would apply to any entity delivering space services in the EU. • This situation presents a strategic opportunity for the European Parliament to be proactive and use its tools to shape the proposal (see below), aiming to complement the act with the required financing for space investment in the next EU multiannual financial framework. Source : © European Union, 2025 - EP Read more