Europe Plays Catch Up in Global Space Industry The recent International Space Summit in Paris highlighted Europe's struggles to keep pace with the US and China in the rapidly expanding global space industry.
The continent's ambitious goal of capturing a €2 trillion market share by 2040 seems increasingly out of reach, raising concerns about its economic and strategic interests.
The numbers are daunting: the global space sector is projected to grow to €2 trillion by 2040, with the US and China dominating the field.