The global market for GNSS will grow significantly over the next decade, reaching some about €244 billion for the enabled GNSS market in 2020. GNSS market forecasting is of great interest to private and public GNSS stakeholders, for business and strategic planning and policymaking. According to the 2010 GNSS Market Monitoring report published by The European GNSS Agency (GSA), the global market for GNSS will grow significantly over the next decade, reaching some €244 billion for the enabled GNSS market in 2020. Delivery of GNSS devices will exceed one billion per year by 2020. Mobile location based services (LBS) and Road will be the market sectors with the highest revenue generation.

According to the report……, “Despite significant growth since 2006, significant untapped potential remains.” Would you like to elaborate on this?

According to the forecast based on available information sources and which involved several market experts, the global GNSS revenues are still expected to grow at a double digit CAGR in the 2010 – 2020 period. This growth will come from both new applications and expansion of current products and services. In terms of penetration, the biggest impact will come from LBS since GNSS is still only in a small portion of today’s mobile phones. Regarding new applications, there are countless examples such as ADAS (Advanced Driver Assistance Systems). As for GNSS R&D initiatives in the context of the EU 7FP program of the European Commission, being delegated to the GSA, there is a surge of GNSS technology projects proposing creative applications such as using combined radar and satellite navigation technologies to create maps of coastal areas. Advances in EGNOS and Galileo will accelerate these developments.

23-25 August 2011
Perth, Australia
walis@walis.wa.gov.au
Link to: http://www.isde7.net/
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15-18 May 2011
Abu Dhabi
Yun.Shi@iqpc.co.uk
Link to http://www.geospatialdefence.com/Event.aspx?id=415074
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9 – 11 May 2011
ANEC, Abu Dhabi
info@GSSForum.com
Link to: http://www.gssforum.com/
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