Seven billion GNSS devices by 2022: GSA report

Seven billion GNSS devices by 2022: GSA report

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France: The European GNSS Agency (GSA) has released its third market report, which predicts an installed base of 7 billion devices worldwide by 2022 — almost one for every person on the planet. According to the study, “GNSS Market Report Issue 3,” compound annual growth rates (CAGR) for GNSS “core” and “GNSS-enabled” revenues will increase by 9% through 2016 and 5% through 2020, reaching a total of about €350 billion (US$478 billion) per year. Core revenues will comprise about €100 billion (US$137 billion) of the total in 2022.

GSA Executive Director Carlo des Dorides said, “The GNSS market is experiencing rapid development and, despite the recent economic slowdown, the global installed base of GNSS devices has now surpassed two billion units.”

Multi-constellation receivers are becoming more widely available on the market. Today more than 70% of models are SBAS (Satellite Based Augmentation System) capable and over 30% are ”Galileo-ready” well ahead of its full operational capability.

Smartphone devices will account for nearly half of the cumulative core revenue for the period 2012 to 2022. “Competitive pricing has made smartphones more affordable and their market share is rapidly increasing compared to traditional mobile phones without GNSS capability, leading to an increase in GNSS penetration, especially in lower income countries,” the report states.

Global shipments of GNSS-enabled LBS devices have grown from 150 million to 800 million in the last five years (40% CAGR), according to the report. In Europe and North America, more than half of mobile phones have GNSS capability. New smartphone capabilities alongside integrated technologies are blurring the market segment breakdowns, as LBS devices increasingly support navigation and services in other applications.

Source: GSA