One of the GSA’s core functions is to engage market stakeholders in the development of innovative and effective GNSS applications, value-added services and user technology. The GSA Market Development Department extensively monitors the GNSS market, offering forecasts and distilling intelligence for the benefit of European businesses and the global GNSS marketplace.
An introduction to the GNSS market
The global navigation satellite system (GNSS) is the infrastructure that allows users with a compatible device to determine their position, velocity and time by processing signals from satellites in space. GNSS signals are provided by a variety of satellite positioning systems, including global constellations (GPS, GLONASS, Galileo, BeiDou), regional ones (e.g. QZSS or IRNSS) and satellite-based augmentation systems (SBAS), such as EGNOS.
The GNSS market comprises of products (receivers and devices) and services using GNSS-based positioning as a significant enabler. In 2015 there were almost 4,5 billion GNSS devices in use around the world. By 2019, this is forecasted to increase to over 7 billion – for an average of 1 device per person on the planet. Furthermore, the global core-GNSS downstream market is forecasted to increase by 8.3 % annually between 2013 and 2019. In other words, the downstream market is expected to grow, on average, much faster than the forecasted global gross domestic product (GDP) during the same period.
* CAGR: Compound Annual Growth Rate.
** The core revenue refers to the value of GNSS functionality only, rather than the full device price and service revenue.
Although there is a wide variety of devices that use GNSS services and applications, smartphones continue to dominate (3.08 billion in 2014), being the most popular platform for accessing location-based services, followed by devices used for road applications (0.26 billion).
Other devices may be less numerous, but billions of passengers, professionals, consumers and citizens worldwide benefit from GNSS applications in efficient and safe transport networks, in productive and sustainable agriculture, surveying and critical infrastructures.
The GNSS market can be divided into different key segments, each having specific characteristics and serving different user needs:
- Location-based services (LBS)
- Mapping & Surveying
- Timing and synchronisation (a new segment in the 2015 issue).
To learn more about the GNSS market, please download our latest GNSS market report.