109 Irish companies secured European Space Agency support in 2023.
Ireland’s space industry is expanding with 109 high-growth businesses attracting close to €10m in funding from the European Space Agency in 2023 alone.
Industrial co-funding of €2.2 million further supported these enterprises.
“The strong growth in Irish companies engaging with ESA, now reaching 109, is a clear indicator of Ireland’s expanding footprint in the global space economy”
According to Enterprise Ireland’s ‘Space Activities in Ireland 2023’ report, throughout the year 25 companies, including three newly space-active businesses, were supported in developing products and technologies across sectors including telecommunications, earth observation, and space exploration.
We have lift-off!
A key highlight of the year was the successful launch of the Educational Irish Research Satellite 1 (EIRSAT-1), Ireland’s first satellite, on 01 December 2023, marking a significant milestone. EIRSAT-1 is a student-led project from University College Dublin (UCD) and was developed in collaboration with Irish technology companies.
“The strong growth in Irish companies engaging with ESA, now reaching 109, is a clear indicator of Ireland’s expanding footprint in the global space economy,” said Marina Donohoe, head of Research and Innovation at Enterprise Ireland.
“This year’s report demonstrates the progress and impact Irish companies are making through collaboration with ESA, not only in advancing space technology but also in driving innovation in sectors with downstream applications. Enterprise Ireland is committed to supporting these companies and the growing number of research teams actively involved in space-related developments supported by ESA.”
The space economy was valued at $630 billion in 2023 and is forecast to reach $1.8 trillion by 2035, with an average annual growth rate of 9%, significantly outpacing global GDP growth. This rapid expansion, driven by both public and private sector investments, has opened new opportunities for ‘NewSpace’ companies developing innovative space-related products and services.
“2023 was a momentous year for the Irish space sector,” said Minister of State for Business, Employment & Retail Emer Higgins, TD.
“The increasing number of Irish companies working with ESA, alongside the launch of EIRSAT-1, highlights Ireland’s strong position in this fast-growing sector.
“As Ireland’s space community continues to innovate and collaborate with European and global partners, the future of the country’s space sector looks brighter than ever. The Irish Government is committed to continuing its support for innovation and enterprise in the space sector as we look to build on these successes and further strengthen Ireland’s role in the global space economy.”
In a demonstration of Ireland’s position at the front rank of space technology development, ESA’s new rocket the Ariane 6, which launched smoothly in July this year, used two technology systems designed and built by Irish space engineering company Réaltra. Enterprise Ireland’s ESA Business Incubation Centre (ESA BIC) Ireland also had a successful year, welcoming seven new start-ups. These companies are focused on developing both upstream and downstream applications, further bolstering Ireland’s contribution to the burgeoning space sector.
Another key development for the sector in 2023 was the establishment of the Irish Space Association (ISA), a new organization designed to foster collaboration among space-active companies and research organizations in Ireland. This collaborative network will play a pivotal role in the future growth of Ireland’s space sector by promoting knowledge-sharing and enhancing the country’s competitive edge in the global space market.
Main image at top: Minister Emer Higgins, TD, with Marina Donohoe from Enterprise Ireland
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