The GNSS market is developing rapidly. Demand for precise location information is also growing and the evolution of GNSS technology is ongoing.
In this environment, the 6th issue of the GSA GNSS Market Report, now officially launched, is a valuable tool enabling all stakeholders to skillfully navigate and benefit from the flourishing GNSS market.The 6th issue of the GSA’s GNSS Market Report provides comprehensive information on the dynamic global GNSS market along with in-depth analysis of the latest global trends and developments.
Key findings from the report:
- Global GNSS downstream market revenue from both devices and services will grow from 150 billion euros in 2019 to 325 billion euros in 2029
- The global installed base of GNSS devices in use will increase from 6.4 billion in 2019 to 9.6 billion in 2029
- In 2017, European companies accounted for an estimated 27 percent of the global GNSS market
- In 2029, revenue from GNSS added value services will amount to 166 billion euros, accounting for 51 percent of total global GNSS revenue
Growth on the GNSS market will be stimulated by global macro trends such as digitization, big data, the sharing economy and artificial intelligence, all of which use GNSS for position, navigation and timing. In combination with other technologies, GNSS will also contribute to tackling the climate change challenge by supporting environmentally friendly transport solutions, sustainable agriculture and meteorological monitoring.
GSA Executive Director Carlo des Dorides said the GNSS market is at a very exciting stage in its development and will expand rapidly in the coming years. By offering a comprehensive overview of the current market situation, along with forecasts of how the market is likely to develop to 2029, the latest issue of the GSA Market Report is a valuable resource for all GNSS market stakeholders. his is a real tool that European companies can use to develop their market entry strategies for new products and services.”
Regularly referenced by policy-makers and business leaders around the world, the GNSS Market Report serves as the go-to resource for anybody requiring an in-depth look at GNSS market opportunities and trends across key market segments.
To read the entire report, please access this direct link…
