SpaceWire exhibition
Enabling & Support

A solid investment

4181 views 8 likes
ESA / Enabling & Support / Space Engineering & Technology
Technology is the source for industrial competitiveness that creates economic growth and jobs

The economic impact of space spending is boosted by a multiplier effect: every €1 invested in space returns an average €6 to the wider economy. So space contributes to growth, employment and competitiveness across many economic sectors, while also being largely immune from outsourcing:

Direct revenues 17% These direct revenues represent only the tip of the iceberg of the total financial impact of space on the economy.

Indirect revenues 47% The indirect revenues of the space sector include the purchases made by and labour supplied by companies providing input to the space manufacturing and satellite services industry.

Induced revenues 36% The induced revenues account for the increased spending that results from the industry’s existence; for example, a space engineer’s increased spending on goods and services.

Related Links