Many European businesses operating across a wide range of sectors are looking to secure a share of the massive GNSS global market. According to the latest edition of the GSA’s GNSS market report, in 2014 there were 3.6 billion GNSS devices in use around the world. By 2019, this is forecasted to increase to over 7 billion. Furthermore, the global core of the GNSS downstream market is forecasted to increase by 8.3 % annually between 2013 and 2019. In other words, this downstream market is expected to grow, on average, much faster than the forecasted global gross domestic product (GDP) during the same period.
EGNOS better positions European businesses, service providers and users in order for them to capitalise on the many opportunities that GNSS provides in general, and on this downstream market in particular. This is especially true in the development of safety-critical applications. In fact, because EGNOS improves the accuracy and reliability of GNSS positioning information while also providing a crucial integrity message regarding the continuity and availability of a signal, it has proved essential for a number of navigational services and applications.
Thanks to its increased reliability, EGNOS makes possible a number of efficiency gains and cost-savings across an array of market segments, including aviation, agriculture, mapping, maritime, road, rail, location-based services, and timing and synchronisation.
You can learn more about how EGNOS benefits each of these sectors here.