October 15, the European GNSS Agency (GSA) published its third Market Report on future trends for the Global Navigation Satellite System (GNSS) market. The report highlights a rapidly developing and complex market that already boasts a global installed base of over two billion GNSS devices. Further dynamic growth of the market is predicted, providing promising prospects for a multi-constellation GNSS including Europe’s Galileo system.
The third edition of the GSA GNSS Market Report provides a comprehensive source of knowledge and information on this dynamic global market. The report’s forecasts are key references for companies and organisations to build their market strategies in relation to GNSS.
Introducing the report GSA Executive Director Carlo des Dorides said: “The GNSS market is experiencing rapid development and, despite the recent economic slowdown, the global installed base of GNSS devices has now surpassed two billion units.”
This installed base is predicted to grow almost four-fold over the coming decade to seven million – almost one GNSS receiver for every person on the planet by 2022. Most of this growth will be driven in regions outside Europe and North America.
“The fact is that a multi-constellation GNSS, including the deployment of Galileo, is a reality,” continues Mr des Dorides. “And the prospects for the future are highly promising.”
Multi-constellation receivers are becoming more widely available on the market. Today more than 70% of models are SBAS (Satellite Based Augmentation System) capable and over 30% are ‘Galileo-ready’ well ahead of its full operational capability.
For more information please visit the GSA website: http://www.gsa.europa.eu/market/market-report
