Woman using navigation and location system while driving a carThe market for the Global Navigation Satellite System (GNSS) is expected to grow with an estimated 8 billion devices being used by 2020, according to a report from the European GNSS Agency.

The 2017 GNSS Market Report showed that the global market’s use of equipment, including a GNSS signal simulator from CAST Navigation, currently comprises 5.8 billion devices in 2017. This will significantly increase in the coming years as demand continues to grow for precise location data.

This development will take place as the technology for GNSS evolves as the market becomes bigger in size.

Revenue Generations

According to the GNSS Market Report, the downstream market for the technology will generate annual revenues worth more than €70 billion in 2025.

Around the world, the downstream market would increase by more than 6% between 2015 and 2020. GSA Executive Director Carlo des Dorides said that the report provide you with a glimpse of what opportunities lie in the market’s future, especially if you’re planning to do business in the GNSS field.

Satellite navigation systems are no longer confined to aviation and telecommunications. In Canada, police have explored the idea of using global positioning satellites (GPS) tools to help during high-speed car chases.

GPS Darts

The provincial police in Ontario seeks to abandon the practice of chasing after fleeing cars with the use of GPS darts. A pilot project currently works on testing laser-aimed darts equipped with GPS to monitor vehicles.

If successful, law enforcers will be able to tag automobiles by firing a projectile that will stick to a runaway car through an adhesive and a magnet. Authorities expect the tool to protect the safety of their personnel and the public.

Conclusion

GNSS equipment has redefined the landscape of satellite technology, evolving beyond the scope of GPS tools. As the market is expected to grow, how do you think will GNSS devices help your business in the future?