The European GNSS Agency (GSA) is highlighting the many successes coming out of the FP7 funding programme with the launch of its R&D for Galileo and EGNOS Report and App.
For Europe, maintaining a competitive edge in a global economy and a high standard of living for its citizens requires the fullest exploitation of its superior know-how and cutting-edge technologies. This entails a firm commitment to advanced and sustained research programmes to deliver useful and marketable products and services for the 21st century.
The 7th Framework Programme (FP7), the European Union's main research funding instrument for the period 2007-2013, supported R&D and innovation in the field of GNSS – aimed at accelerating the development of a European market for satellite navigation applications and creating new opportunities for European industry.
The GSA is highlighting the many successes coming out of FP7 with the launch of its R&D for Galileo and EGNOS Report and App. The comprehensive, searchable report will provide insight into a range of funded projects from across all market sectors – from aviation to maritime, rail and agriculture and everything in between. The application, which will be available for free download soon, will provide additional information beyond the print edition.
Impact on the GNSS market
As this report shows, the FP7 R&D programme has had a considerably positive impact on the GNSS market. Already by October 2013, almost 15,000 product/service units had been sold to over 13,000 clients, yielding revenues of €4 million. GSA forecasts predict that by the end of 2015, FP7 will have generated 200,000 unit sales to over 23,000 clients, yielding revenues of €27.1 million. More so, it is foreseen that one in two projects in the high-impact sectors will eventually lead to commercial outcomes.
This impressive performance is at least in part the result of the strong steering of the GSA’s market development strategy, focussing on the most significant sectors for current and future growth. Now, thanks to the hard work of European scientists and the EU, cutting-edge research in the field of GNSS is likely to continue to bear fruit for businesses and citizens into the foreseeable future.
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