Development And Evaluation Of A Business Concept For The Galileo Based Time Synchronisation Services

Year 2021, Volume: 5 Issue: 1, 15 - 26, 31.03.2021

Fatih Mehmet Özel

Abstract

Galileo is the EU´s GNSS providing accurate timing and positioning information. As GNSS timing and synchronisation is at the core of several critical infrastructures which currently rely on GPS in Europe, using Galileo for time synchronisation is a strategic objective for the EU. Therefore, a business concept for a Galileo based time synchronisation service was developed and evaluated. In this regard, firstly, a service concept for users requiring the accurate synchronisation of remote devices was proposed and assessed. Next, the business logic of the concept was developed and refined by implementing the business model canvas methodology. Finally, a cost-benefit analysis was conducted to determine the conditions under which the service could be financially sustainable. It was found that the service might be both technically feasible and commercially viable. However, the number of service providers in the European market depends on pricing scheme as well as the market penetration rates.

Keywords

Galileo, commercial service, time synchronisation, business model canvas, cost-benefit analysis

Thanks

This research has been conducted within the project “Advanced Mission Concepts: R&D for Robust EGNSS Timing Services” funded by the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG-GROW) of the European Commission

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