Market report analyses GNSS and Earth observation tech’s business value up to 2031

By The European Union Agency for the Space Programme (EUSPA)

The report offers a guide to anyone seeking to make the EU’s satellite navigation and Earth observation technologies part of their business plan and develop new downstream applications.

The European Union Agency for the Space Programme (EUSPA) published the EUSPA EO and GNSS Market Report in January 2022. It provides analytical information on the GNSS and Earth observation markets, along with in-depth analyses of the latest global trends and developments through illustrated examples and use cases. Using econometric models, it also offers market evolution forecasts of GNSS shipments or Earth observation revenues spanning to 2031.

The report is aimed to help entrepreneurs, investors, academic researchers, chipset manufacturers and others understand and benefit from space technology.

With a focus on Galileo/EGNOS and Copernicus, the report highlights the role of space data across 17 market segments including agriculture; aviation and drones; biodiversity, ecosystems and natural capital; climate services; consumer solutions, tourism, and health; emergency management and humanitarian aid; energy and raw materials; environmental monitoring; fisheries and aquaculture; forestry; infrastructure; insurance and finance; maritime and inland waterways; rail; road and automotive; urban development and cultural heritage; and space.

Report highlights include:

  • Global annual GNSS receiver shipments will reach 2.5 billion units by 2031, dominated by the applications falling under the consumer solutions, tourism and health segment contributing roughly to 92% of global annual shipments.
  • In Earth observation, aside from the largest markets like agriculture or urban development, the insurance and finance segment is expected to experience the fastest growth over the next decade (21% of CAGR) for both Earth observation data and value-added service revenues.
  • From a supply perspective, the European industry holds over 41% of the global Earth observation downstream market and 25% of the global GNSS downstream market.

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