High flyers: how to succeed in the satellite navigation sector

  • 9 years ago
The burgeoning world of navigation and satellite applications offers a wide and lucrative range of opportunities for SMEs. To help European businesses make the most of this rapidly-evolving sector, the European Commission backs an open contest that has already had huge benefits for previous winners. Kathrin Sturm, the coordinator of the European Satellite Navigation Competition says it can be a springboard to a growth industry: “The global market size is expected to be worth up to 250 billion euros per year in 2022. Today, already 6 to 7% of the EU economy depends on the availability of satellite navigation signals.”

In demand technology

That is particularly true for the digital economy, as the success of London-based iGeolise illustrates. It creates technology for maps that are searchable by time rather than distance. Started in 2009, its early success led to the creation of 11 jobs in six years, a turnover that increased four-fold year-on-year and the opening of a subsidiary i

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