The Internet of Things (IoT) is one of the world’s largest application markets for Global Navigation Satellite Systems (GNSS). “Manufacturing and Supply Chain” and “Smart Cities” are still set to be the most sizable markets with revenue of EUR 2.5 trillion and EUR 1.3 trillion in 2020. Located at the crossroads of 4 global industries in information technology, telecommunications, automotive and microelectronics, an innovation boom in applications and new products using satellite navigation in IoT will be key to future development. The “Galileo 5G IoT Challenge” aims to identify innovative applications, services and business cases for the 5G IoT market based on the Galileo satellite system.
We are proud that our product evolution: “The World´s Smartest and Modular GPS Tracking Devices available on 5G cellular network” was identified as a disruptive innovation and ranked under the last 10 finalists.
At the Baden-Württemberg Challenge we belonged to the 5 finalists and now have the opportunity to discuss our product idea with experts and to incorporate important impulses into the development.