The European Union Space Programme acts as alever business growth, stimulating the economy and promoting innovation. In this context, the market report entitled «EUSPA EO and GNSS Market Report» is a guide for anyone seeking to integrate the EU's European satellite navigation and Earth observation technologies in its business plan and to develop new «downstream» space applications.

Society is now more reliant than ever on:

• innovative solutions for big data management
• responding to and mitigating natural and man-made disasters
• limiting the spread of diseases
• strengthening a global supply chain that supports everyday life

A rising high-value market

Earth observation (EO) and navigation data from global satellite systems (GNSS) are thus becoming increasingly important for these innovative solutions.

This is done through dozens of applications that are emerging or already in use:

• by citizens
• businesses
• Governments
• Industries
• international organisations
• NGO
• researchers around the world

In 2021, the "downstream" GNSS and EO market yielded revenues of more than €200 billion euro. Revenues that are expected to amount to almost half a trillion euros over the next decade.

For better appreciation and more full exploitation of the benefits of space technology, EUSPA experts prepared the "EO and GNSS Market Report". This study provides detailed information on with dynamic GNSS and EO markets, as well as in-depth analyses of the latest global trends and developments through illustrated examples and use cases. Using advanced econometric models, it also offers forecasts of the evolution of the space market in terms of shipments of devices with GNSS receivers and revenues from the EO market until 2031.

With a focus on Galileo/EGNOS and Copernicus, the report highlights the essential role of space data in 17 market sectors, such as:

• agriculture
• aviation and drones
• biodiversity
• ecosystems and natural capital
• climate services
• consumer solutions
• tourism and health
• emergency response and humanitarian aid
• Energy and raw materials
• environmental monitoring
• Fisheries and aquaculture
• forestry
• facilities
• Insurance and financing
• Sea and inland waterways
• space
• Railways
• road transport and the automotive industry
• urban development and cultural heritage

Highlights of the report

• Global annual GNSS receiver shipments will reach €2.5 billion. units by 2031, which are dominated by applications under the "consumer solutions, tourism and health" sector, contributing to around 92% of global annual shipments.
• In the field of Earth observation (EO) data, in addition to major markets such as agriculture, urban development and cultural heritage or energy and raw materials, the insurance and finance sector is expected to grow the fastest over the next decade – 21% of the compound annual growth rate (CAGR) in terms of both Earth observation data and revenues from value-added services.
• The European industry owns over 41% of the global downstream EO market and 25% of the global downstream GNSS market.

Rodrigo da Costa, Executive Director of EUSPA

"The EU's flagship Space Programme, based on the Galileo, EGNOS and Copernicus systems, has become a major player in the downstream space applications market. As an organization that focuses on user needs, we provide this confidential information about with the evolution of purchases to our users, i.e. innovators, entrepreneurs, investors, university researchers, chipset manufacturers or simply to those who want to add value to their activities through the exploitation of space. The added value and key differentiations of the European Global Navigation Satellite System, Galileo and the Copernicus Earth Observation System they are projected both separately and in synergy with each other. I'm sure that the exhibition will have a great impact and provide inspiration to those who contribute to the economic development of the EU;".