Practice Area:	Space
Client:	EU Agency for the Space Programme (EUSPA)
Published:	March, 2022
Tagged:	economics EU EUSPA GNSS Investment LEE Report report Space

LE Europe, along with partners VVA and Evenflow were commissioned by EUSPA to assist with the preparation of the first Global Navigation Satellite Systems 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. The full report can be read at the above link.