Satellite Based Augmentation Systems (SBAS) Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Raytheon, Mitsubishi, Thales, Airbus

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Satellite Based Augmentation Systems (SBAS) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 6.5% during the review period (2022 to 2027).

Satellite Based Augmentation Systems (SBAS) Market Overview

Growing number of air traffic, shifting and improving economic conditions of certain economies around the globe, growth and expansion of automotive industry and growing number of satellite communications are the major factors attributable to the growth of satellite based augmentation systems market. Satellite-based augmentation systems (SBAS) are aviation safety systems that deliver services for increasing the availability and integrity of standard SBAS signals. The worldwide SBAS market is driven by aspects for example increasing development of ATC infrastructure and the rising need for authentic and accurate information to avoid errors by the aviation authorities. The satellite based augmentation systems provide a greater degree of performance than navigation satellite systems (GNSS). Satellite based augmentation systems work with greater accuracy, precision, integrity, accessibility and dependability. The satellite based augmentation systems are generally used for navigation purposes.Growth in the civil aviation safety concerns has resulted in growing in the market value. Growth in the number of passengers travelling through air transportation coupled with growing number of airport development and modernization projects will also create lucrative growth opportunities for the market. Increased focus on equipping the aircrafts with advanced and updated technologies and rising technological advancements in the navigation systems will also foster the market growth.

Industry News:

• October 26, 2016, THALES ALENIA SPACE WINS CONTRACT FOR SOUTH KOREAN AUGMENTATION SATELLITE SYSTEM (KASS) WITH KARI -
  
  Thales Alenia Space announced today that it has signed a contract with the South Korean space agency KARI (Korea Aerospace Research Institute) to supply a satellite navigation system called KASS (Korea Augmentation Satellite System).

What are the major Applications, Types and Regions for Satellite Based Augmentation Systems (SBAS) Market?

Satellite Based Augmentation Systems (SBAS) Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• WAAS


• EGNOS


• MSAS


• GAGAN


• SDCM


• Others

By Applications it is segmented into

• Aviation


• Maritime


• Road & Rail


• Others

Satellite Based Augmentation Systems (SBAS) Market Regional Analysis

North America is projected to acquire the most substantial market share in 2018. Though, APAC is projected to grow with the highest CAGR throughout the forecast period. The growing air passenger traffic in countries for example India and China and rising investment made by airline companies in the region is projected to drive the market growth in APAC.

All these factors greatly affect the Satellite Based Augmentation Systems (SBAS) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Satellite Based Augmentation Systems (SBAS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Satellite Based Augmentation Systems (SBAS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Satellite Based Augmentation Systems (SBAS) Market report scope?

Key Takeaways from this Satellite Based Augmentation Systems (SBAS) Report

• Evaluate Satellite Based Augmentation Systems (SBAS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Satellite Based Augmentation Systems (SBAS) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Satellite Based Augmentation Systems (SBAS) Market is studied from 2017 - 2027.

 What is the growth rate of Satellite Based Augmentation Systems (SBAS) Market?

The Satellite Based Augmentation Systems (SBAS) Market is growing at a CAGR of 6.5% over the next 5 years.

What regions does this Satellite Based Augmentation Systems (SBAS) Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.