Satellite-Based Augmentation Systems Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

The Satellite Augmentation System (SBAS) is a civil aviation safety-critical system that promotes wide-area or regional increase - even on a continental scale - through the use of geostationary (GEO) satellites that broadcast increased information. A SBAS will increase the primary GSP constellation(s) by providing GEO range, integrity and correction information. While the main objective of SBAS is to provide integrity assurance, it also increases accuracy with position errors below 1 meter (1 sigma). The ground infrastructure includes precisely-surveyed sensor stations that receive data from the primary ESA satellites and the Processing Facility Center that computes integrity, corrections and GEO data from the SBAS signal-in-space system (SIS). The augmented information provided by SBAS includes corrections and integrity for satellite position errors, satellite clock/time errors and errors caused by estimating the delay of the signal while crossing the ionosphere. In the case of errors caused by estimating the delay caused by the troposphere and its integrity, the user shall apply the tropospheric delay model. More advancement in SBAS is expected to drive the market during forecast period.

MARKET DYNAMICS

The increasing development of the ATC infrastructure and the increasing need for authentic and accurate information to avoid errors by the aviation authorities driving the global satellite-based augmentation systems market during forecast period. In addition, the various unique advantages of satellite-based augmentation systems, such as accuracy of location data relative to standard GPS and high level of integrity make it another important factor expected to boost the global satellite-based augmentation systems market. Further, growing air passenger traffic and increasing investment by developing economies such as China and India in developing and modernizing airport infrastructure is also expected to escalate the market. However, high initial investment, stringent aviation regulations, and cost associated with Air Traffic Management (ATM) infrastructure modernization may restrain the growth of the satellite-based augmentation systems market. Further, integration with advanced technology such as AI is anticipated to create market opportunities for the satellite-based augmentation systems market during the forecast period.

MARKET SCOPE

The "Global Satellite-based augmentation systems Market Analysis to 2031" is a specialized and in-depth study of the satellite-based augmentation systems market with a special focus on the global market trend analysis. The report aims to provide an overview of satellite-based augmentation systems market with detailed market segmentation by aircraft type, application, and geography. The global satellite-based augmentation systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading satellite-based augmentation systems market players and offers key trends and opportunities in the satellite-based augmentation systems market.

MARKET SEGMENTATION

The global satellite-based augmentation systems market is segmented on the basis of aircraft type and application. On the basis of aircraft type, market is segmented into the fixed-wing and rotary wing. Similarly, based on application, market is segmented into the military aircraft, commercial aircraft, and general aviation aircraft.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global satellite-based augmentation systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The satellite-based augmentation systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting satellite-based augmentation systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the satellite-based augmentation systems market in these regions.

MARKET PLAYERS

The reports cover key developments in the satellite-based augmentation systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from satellite-based augmentation systems market are anticipated to lucrative growth opportunities in the future with the rising demand for satellite-based augmentation systems. Below mentioned is the list of few companies engaged in the satellite-based augmentation systems market.

The report also includes the profiles of key satellite-based augmentation systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Advanced Navigation and Positioning Corporation
•   Garmin Ltd.
•   GMV GROUP
•   Honeywell International Inc.
•   Lockheed Martin Corporation
•   Northrop Grumman Corporation
•   Raytheon Technologies
•   Saab AB
•   Thales Group
•   Universal Avionics Systems Corporation, an Elbit Systems Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Satellite-Based Augmentation Systems Report Scope