Synopsis
The European Union Agency for the Space Programme (EUSPA) 2024 Market Report presents an in-depth analysis of the Earth Observation (EO) and Global Navigation Satellite System (GNSS) markets. The report is a key reference for understanding global trends and forecasts in these sectors.
Key Components of the EU Space Programme
GALILEO and EGNOS
- Galileo: Europe’s civilian-oriented Global Satellite Navigation System. It offers interoperability with other GNSSs and contributes to Europe’s independence in satellite navigation.
- EGNOS: Augments the US GPS and (soon) Galileo signals, enhancing their quality.
GOVSATCOM and IRIS²
- GOVSATCOM: Provides secure satellite communication services for EU and national public authorities.
- IRIS²: Enhances satellite-based connectivity, integrating into the GOVSATCOM portfolio.
COPERNICUS
- EU’s Earth Observation programme, using satellites (Sentinels) and various technologies, providing data for atmosphere, marine, land, climate change monitoring, security, and emergency management.
Space Situational Awareness (SSA)
- Covers space surveillance, tracking, monitoring of near-Earth objects, and space weather events, vital for safe and sustainable space activities.
Market Dynamics and Growth
- The combined global revenues of GNSS and EO are projected to increase from over €260 billion in 2023 to nearly €590 billion by 2033.
- GNSS downstream market revenues are expected to exceed €4.5 trillion from 2023 to 2033.
Market Segments
The report covers 15 key market segments, including Agriculture, Aviation and Drones, Climate, Environment, Biodiversity, Consumer Solutions, Emergency Management, Energy, Raw Materials, Fisheries, Aquaculture, Forestry, Infrastructure, Insurance, Finance, Maritime, Rail, Road and Automotive, Space, Urban Development, and Cultural Heritage.
Resilient Societies – Editor’s Special
This section explores how EU Space, particularly EGNSS and Copernicus, contributes to building more resilient societies, addressing challenges like technological advancements, climate changes, and geopolitical tensions.
Methodology and Data Sources
The report includes comprehensive data, charts, and case studies, with methodologies and data sources detailed in annexes.
Conclusion
EUSPA’s 2024 Market Report offers valuable insights into the EO and GNSS markets, demonstrating their significant growth and the EU’s commitment to leveraging these technologies for societal benefits and sustainable development.
