|Client:||The Danish Agency for Data Supply and Efficiency|
|Published:||20 March, 2019|
|Tagged:||Denmark impact assessment modelling quantitative analysis Satellite Applications Space utility benefits|
The Danish Agency for Data Supply and Efficiency commissioned London Economics to analyse the value of positioning services to Danish society. The report primarily covers Global Navigation Satellite Systems (GNSSs) that have emerged as a standard technology for positioning across the globe but does not omit the alternatives.
Expected developments in the near future are likely to cause a step change in the performance of GNSS (Galileo’s completion, the availability of the Galileo High Accuracy Service for free), which makes it all the more important that society is equipped to exploit these developments.
The report finds that 23.1% of Danish GDP is generated in sectors that use GNSS, that annual benefits of approx. DKK 14bn are generated through the use of GNSS and that a five-day total outage of the systems could cost Danish society in the order of DKK 5bn.