The 2015 edition of the GSA GNSS Market Report takes an in-depth look at market opportunities, technology trends, and future developments across eight key market segments: Location-Based Services (LBS), road transport, aviation, marine, rail, agriculture, surveying, and, for the first time, timing and synchronization.
With nearly 4 billion Global Navigation Satellite System (GNSS) 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. According to the fourth edition of the GSA's GNSS Market Report, European GNSS—Galileo and EGNOS—is positioned to play a significant role in driving business, creating jobs, and fostering innovation in Europe.
Six percent of European GDP depends on GNSS.
With GNSS, the market is expected to grow by 8.3% annually until 2019, and these figures are only projected to increase. According to the report, smartphones are the most popular platform for accessing location-based services such as point-of-interest search, location-based advertising, personal navigation, and location-based social networking.
In terms of market performance, the report shows that the European industry will be strongest in manufacturing components for the road, rail, and aviation sectors. European companies are the world leader in rail system integration and have a strong position in the maritime and road transport sectors.
GSA CEO Carlo des Dorides comments: "With the volume of global data doubling every two years, we are living in an exciting time, and as our Market Report demonstrates, location information matters now more than ever."
Some key takeaways from the fourth GSA report on the GNSS market:
The global downstream GNSS market is projected to grow by 8.3% per year between 2013 and 2019, then slow to 4.6% around 2023, growing on average faster (7%) than the global GDP forecast for this period (6.6%).
The installed base in the mature EU28 and North America regions will grow steadily (8% annually) through 2023. The main growth region will be Asia and the Pacific, where growth is projected at 11% annually, from 1.7 billion devices in 2014 to 4.2 billion devices in 2023—more than the EU and North America combined. The Middle East and Africa will grow at the fastest rate (19% annually), but from a lower base.
LBS and road dominate cumulative GNSS revenues, driven by booming sales of smartphones and in-vehicle devices, location-based applications and data services.
As emerging economies catch up in terms of GNSS devices per capita, the "digital divide" will narrow, driven by smartphone adoption. The growing dominance of smartphones (3.08 billion in 2014) is expected to make them the most popular platform for LBS access.
Analysis of GNSS receiver and chipset capabilities reports that over 60% of current receivers and chipsets support at least 2 constellations, with over 20% supporting all 4
The full 80-page expanded report is available for free download here.
More information and source here
