A new Market Report from the GSA delves into the market opportunities, technology trends and future developments of GNSS, as well as how GNSS contributes to Europe’s economy. The GSA’s GNSS Market Report Issue 4 highlights the benefits that GNSS offers to Europe, including job creation and promoting innovation.
The report looks at eight key market segments: Location Based Services (LBS), Road Transportation, Aviation, Maritime, Rail, Agriculture, Surveying and, for the first time, Timing & Synchronisation.
The Smartphone Era
With nearly 4 billion Global Navigation Satellite System devices in use worldwide, and an estimated 7 billion by 2020 – or one device for every person on the planet – GNSS presents an unprecedented business opportunity for Europe. This growth is further stimulated by macro trends, such as the Internet of Things, Smart Cities, Multimodal Logistics and Big Data, where location information and GNSS play an increasing role.
Not surprisingly, smartphones are the most popular platform for accessing location-based services, and personal navigation and location-based social networking are extremely popular, and growing all the time.
“With the volume of global data doubling every two years, we are living in exciting times,” says GSA Executive Director Carlo des Dorides. “As part of this reality, location information matters now more than ever and our 4th edition of the GNSS Market Report provides a comprehensive overview and quantification of the GNSS market of today and the future.”
Data volume growth also means job growth. In Europe, the GNSS market supports more than 50,000 jobs in the downstream industry, and 3,000 in the upstream. In addition, 6% of European GDP depends on GNSS. As the GNSS market is expected to grow by 8.3% per year until 2019, these figures can only increase.
The report also shows that European industry is the strongest in road, rail and maritime segments, and that European companies are the global leader in rail system integration.
Focus on Receivers
The report presents the results of analysis of more than 300 receiver and chipset models available on the global market in 2015. More than 60% of all available receivers support, at minimum, two constellations, and more than 20% support all four, showing that multi-constellation is becoming a standard feature in GNSS user equipment. The recognized benefits of using multiple constellations support the adoption of Galileo, the European system, which is currently present in almost 40% of receivers.
The full 80 page report is available for download free of charge here.
- There are nearly 4 billion GNSS devices in use worldwide and the installed base will triple by 2023
- Smartphones are the most popular platform for accessing LBS
- LBS and Road make up most of the revenue for GNSS
- The GNSS market supports 53,000 jobs in Europe
- European industry generates more than a quarter of global GNSS revenues
- The GNSS market expects to see a 8.3% growth each year until 2019
- The primary region of growth will be Asia-Pacific, which is forecasted to grow from 1.7 billion to 4.2 billion devices by 2023
- The Middle East and Africa will grow at the fastest rate, one of 19-percent, but they start from a lower base
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