What is the socio-economic impact of Galileo?

Users benefit from more reliable and accurate positioning that aids their navigation, especially in cities and built-up areas. Features like the Galileo Search and Rescue Service and integration into the eCall system reduce emergency service response time in the case of distress or accidents.

Galileo's accurate timing also helps make the synchronisation of banking and financial transactions more resilient, as well as those used by the telecommunication and energy distribution networks that power the global economy.

Galileo’s services are also critical in the fight against climate change and are playing a big role in helping Europe achieve such key policy initiatives as the EU Green Deal and Digital Transformation.  

The additional resiliency provided by Galileo enables a range of new applications and services that benefit from increased positioning reliability and further drive economic growth in Europe and beyond.

More can be found in the EUSPA EO and GNSS market report here.