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EUSPA and EIB publish the first GNSS Investment Report

The EU Agency for the Space Programme (EUSPA) and the European Investment Bank (EIB) published today, the “GNSS investment report”. The report provides a comprehensive investment analysis of the Global Navigation Satellite Systems (GNSS) market that examines and forecasts the dynamics of the sector overall. It also provides the current state-of-play of available public and private funding and identifies needs and funding gaps for GNSS companies and start-ups in the EU.

The report finds that Europe still holds a strong position in the global landscape of GNSS downstream solutions – products and services linked to navigation satellites. Europe, both at a private and public level, will need to invest up to € 42 billion in the next 10 years to remain competitive and continue to rely on domestic suppliers.

As a long-time advocate of the benefits that a successful and a competitive European space downstream industry would bring to Europe, Space Y warmly welcomes this report.

Read the report here.