Exact determination of position, at any time, from any location, secure and precise navigation, efficient route planning – in the future it will all be summed up in one word: Galileo. This new European navigation system with 30 satellites will be ready for use in the beginning of the next decade. A first test satellite has been launched into its orbit in 2005. Another one will follow by the end of this year. Galileo will make civil users of satellite navigation in Europe and all over the world independent of the American Global Positioning System (GPS). Even more, especially in connection with civilian use, Galileo will outperform GPS and thereby open the gate for new applications and markets for satellite supported navigation. Especially in the combination with navigation, mobile telecommunication and information services, there is an immense utilisation and market potential.