The new EUSPA EO and GNSS Market Report is out, time to know more!

The report analyses evolving GNSS and EO markets, detailing how global trends and drivers shape the adoption of space-enabled applications. Utilizing the latest data and advanced forecasting models, the report estimates market evolution, including revenues for EO and GNSS, shipments, and the GNSS installed base, up to 2033.

In an era where innovative solutions are essential to progress, Earth Observation (EO) and Global Navigation Satellite System (GNSS) technologies emerge as linchpins for addressing societal challenges and boosting business processes. As of 2023, global revenues from GNSS and EO stood at approximately €260 billion and €3.4 billion, respectively. Projections for 2033 signal significant growth, with GNSS expected to reach €580 billion and EO nearly €6 billion.

To provide insight and guidance into these burgeoning markets, the European Union Agency for the Space Programme (EUSPA) proudly presents the second edition of the "EUSPA EO and GNSS Market Report." This comprehensive study not only unravels the practical applications and benefits of downstream space technology but also offers analytical insights into the dynamic GNSS and EO markets.

The report categorizes applications into 15 market segments, addressing diverse stakeholders ranging from citizens and businesses to governments, industries, international organizations, NGOs, and researchers. These applications span key sectors such as Agriculture, Aviation and Drones, Climate, Environment, and Biodiversity, Consumer Solutions, Tourism and Health, Emergency Management and Humanitarian Aid, Energy and Raw Materials, Fisheries and Aquaculture, Forestry, Infrastructure, Insurance and Finance, Maritime and Inland Waterways, Rail, Road and Automotive, Space, Urban Development and Cultural Heritage.

Market Highlights and Trends, let’s summarise

Driving forces: The adoption of EO and GNSS technologies is bolstered by overarching market drivers, including the digital transition, climate change, population growth, energy demands, supply chain challenges, and the ascent of New Space entrepreneurship.

GNSS growth trajectory: GNSS market revenues, covering device and service sales, are poised to more than double from approximately €260 billion in 2023 to nearly €580 billion in 2033. Mass-market segments like Consumer Solutions, Tourism and Health, and Road and Automotive are set to dominate, catering to the vast majority of device shipments and installed base.

EO expansion: The EO market is projected to expand from €3.4 billion in 2023 to almost €6 billion by 2033. This growth is propelled by the imperative to enhance sustainability, improved services, and increased awareness of EO's potential applications. Segments like Insurance and Finance will notably contribute, alongside established domains like Climate, Environment, and Biodiversity, Agriculture, and Urban Development with Cultural Heritage.

“Considering today’s global context of rapid technological advancement, climate-related changes and ongoing geopolitical tensions […], this report underscores a pivotal insight. Amidst these challenges, Europe has the opportunity to harness the capabilities of EO and GNSS, fostering innovative solutions that positively impact society and play a role in shaping our collective future” concludes EUSPA Executive Director Rodrigo da Costa. 

The EUSPA EO and GNSS Market Report serves as a beacon for those seeking to understand, integrate, and leverage Satellite Navigation and Earth Observation technologies, fostering a future where space solutions drive positive change.

You can download it here. 

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