The document outlines ESA's Technology Strategy 1.1, established in November 2019, focusing on guiding technology development to enhance competitiveness in the evolving space sector. Key objectives include a 30% improvement in spacecraft development time by 2023, cost efficiency enhancements, and embracing digital engineering for faster adoption of innovative technologies. The strategy highlights the importance of aligning with changing market dynamics, investing in R&D, and managing the impact of emerging trends like big data, digitalization, and cybersecurity.