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Global GNSS market revenues to double to EUR 325 billion by 2029

Tuesday 15 October 2019 | 14:21 CET | News
Global GNSS downstream market revenue from both devices and services is set to grow from EUR 150 billion in 2019 to EUR 325 billion in 2029, according to the latest report issued by the European GNSS Agency (GSA). In 2029, revenue from GNSS added value services will amount to EUR 166 billion, accounting for 51 percent of total global GNSS revenue, said the GSA, adding that the market will be driven by global macro trends such as digitalisation, big data, the sharing economy and artificial intelligence, all of which use GNSS for position, navigation and timing.

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Categories: Mobile & Wireless / Broadcast & Satellite
Companies: GSA
Countries: Europe / World
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