European Study Predicts $1.72 Trillion GNSS Road Transport, LBS and Mobile Phone Market by 2020
The European GNSS Agency (GSA, formerly European GNSS Supervisory Authority) predicts that the market for GNSS will grow at a compound annual growth rate (CAGR) of 11 percent over the next decade, reaching some €165 billion (US$225.7 billion) for the core GNSS market in 2020.
Released on November 12, the GNSS Market Report is the first of a series that the GSA plans to produce in its ongoing GNSS Market Monitoring Process, according to Gian Gherardo Calini, head of the GSA Market Development Department.
By Inside GNSS