The European export of civil spacecraft, satellites, and launch vehicles has seen significant fluctuations from 2014 to 2023, where it stood at 385.07 thousand kilograms. The export value in 2014 was relatively low at 45.04 thousand kilograms. After a peak year in 2015 with a remarkable growth of 191.14%, there was a substantial decrease of 54.04% in 2016. Subsequent years demonstrated positive and negative variations, with notable growth in 2017 (54.88%) and 2019 (115.73%). Despite a decline in 2020 (-46.41%), the sector rebounded in 2021 and showed strong growth in 2022 (76.51%). The average annual growth rate (CAGR) of the past five years was 25.67%.
Future forecasts indicate continued growth at a moderate rate, with the volume expected to reach 676.02 thousand kilograms by 2028. The forecast five-year CAGR is 8.75%, suggesting a significant growth rate of 52.11% over this period.
Trends to watch for in the future include:
- Technological advancements in spacecraft design and manufacturing.
- Increasing investments and collaborations within the space sector.
- Expanding market opportunities driven by the growing demand for satellite-based services.
- Potential regulatory changes impacting the export dynamics.
