Authored By: Sarah
15 Feb 2023

Satellite-Based Augmentation Systems Market Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027

The satellite-based augmentation systems market is segmented by application (aviation, maritime, and others), type (WAAS, EGNOS, MSAS, and Others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The adoption of big data analytics is the major satellite-based augmentation systems market trend which will positively influence the market value. 

Satellite-Based Augmentation Systems Market Outlook 2027 

  • The satellite-based augmentation systems market share will value over USD 169.15 million by 2027 

  • It is estimated to expand at a CAGR of 4.53% from 2022 to 2027 

  • The satellite-based augmentation systems market size will witness a YOY growth rate of 4.17% in 2023 

Browse Technavio's 174-page report and in-depth TOC on "Satellite-Based Augmentation Systems Market by Application (aviation, maritime, and others), type (WAAS, EGNOS, MSAS, and Others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

View detailed Table of Contents Here: https://www.technavio.com/report/satellite-based-augmentation-systems-market-analysis

Satellite-Based Augmentation Systems Market Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027

Adoption of Big Data Analytics will Fuel the Market Growth  

The adoption of big data analytics is an emerging trend in the market. The use of big data analytics improves decision-making, as it gives information accurately and identifies the actual cause of a problem. The effective utilization of the data generated by military GNSS devices can help military agencies take necessary action on a real-time basis. Such developments are expected to drive the growth of the global SBAS market during the forecast period.

Growing Demand for Unnamed Platforms to Drive Market Growth 

The growing demand for unnamed platforms is notably driving the market growth. Improvements in the capabilities of UCAVs have increased their use in the defense sector. Most unmanned platforms, ranging from drones to autonomous vehicles, use GPS and advanced mapping systems. Hence, the rising use of electronic welfare (EW) as a strategy is expected to increase the need for the integration of UAVs with advanced GPS and mapping systems

Satellite-Based Augmentation Systems Market Vendors 

Some of the major satellite-based augmentation systems market vendors are: 

  • Airbus SE
  • Airservices Australia
  • European Union Agency for the Space Programme
  • Federal Aviation Administration
  • Garmin Ltd
  • GMV Innovating Solutions SL
  • Hexagon AB
  • Honeywell International Inc.
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • Raytheon Technologies Corp.
  • Saab AB
  • Thales Group

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • Spectrum management is the major hindrance for market players 

  • The satellite-based augmentation systems market structure is concentrated in nature. 

  • 44% of satellite-based augmentation systems market growth will develop from North America. 

  • The market growth in the aviation segment will be significant during 2023-2027.

 

 

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