Satellite-Based Augmentation Systems Market Size to grow by USD 169.1 million between 2024-2028
According to a research report “ Satellite-Based Augmentation Systems Market” by Application (Aviation, Maritime, Others) Type (WAAS, EGNOS, MSAS, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 169.1 million, at a CAGR of 4.36% during the forecast period. In the realm of satellite technology, these advanced systems play a pivotal role in providing continuous coverage for specific mission profiles, including surveillance, reconnaissance, and navigation. Strategically, they enable early detection of potential threats, such as the launch of intercontinental ballistic missiles, and facilitate both strategic and tactical operations. By aiding in the monitoring of adversary weapon development and predetermining the deployment of military assets during armed conflicts, satellite-based augmentation systems (SBAS) significantly contribute to enhancing national security and increasing demand for GNSS technology. Pioneered by technologically advanced nations like the US, Germany, and the UK, the development and utilization of satellites for military applications have set the stage for ongoing innovation and growth within this market..
Browse market data tables, figures, and in-depth TOC on “Satellite-Based Augmentation Systems Market” by Application (Aviation, Maritime, Others) Type (WAAS, EGNOS, MSAS, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Aviation segment is projected to dominate the market size in 2024
The satellite-based augmentation system market, specifically EGNOS and Galileo, holds significant value for the aviation industry. EGNOS's Safety-of-Life capability enhances secured landing approaches at European airports by ensuring the navigation message maintains an integrity function, notifying pilots within six seconds of any issues. Approved for LPV-200 navigation, EGNOS is poised to contribute to the EU's Performance-Based Navigation Objectives. Additionally, Galileo can aid Search-and-Rescue missions by detecting activated rescue beacons, further solidifying the importance of these satellite-based systems in the aviation sector.
By Type, WAAS segment is expected to hold the largest market size for the year 2024
The Federal Aviation Agency (FAA) introduced WAAS (Wide Area Augmentation System) in 1995 as a satellite-based navigation system for civil aviation. This system, now in operation, enhances navigation precision in all flight phases, including route navigation, airport departures, and arrivals, for various classes of aircraft. WAAS offers a Vertically Guided Instrument Landing System and a weather monitor at authorized sites across the National Airspace System (NAS). The adoption of WAAS and other Satellite-Based Augmentation Systems (SBAS) is expanding globally, with India, China, Russia, Korea, Australia, and New Zealand focusing on its implementation. In agriculture, precision technologies like Variable Rate Technology (VRT) utilize SBAS to deliver quantitative and qualitative data for optimizing agricultural inputs.
North America is forecasted to hold the largest market size by region in 2024
The Satellite-Based Augmentation System (SBAS) market represents a significant growth opportunity for businesses in the aerospace and defense sector. SBAS technologies enhance the precision and reliability of Global Navigation Satellite System (GNSS) signals for various applications, including aviation, surveying, and agriculture. Market growth is driven by increasing demand for improved positioning accuracy and the expanding use of GNSS in diverse industries. Businesses can capitalize on this trend by investing in SBAS technology development, manufacturing, and integration services.
The Satellite-Based Augmentation Systems Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Satellite-Based Augmentation Systems (SBAS) market is witnessing significant growth due to the integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and 5G networks. SBAS systems enhance the accuracy and reliability of Global Navigation Satellite Systems (GNSS) like GPS for various applications in transportation, including road and rail, maritime, and aviation. In aviation, SBAS systems provide Precision Approach and Landing (LPV) capabilities, enabling safer and more efficient air traffic management. GEO satellites, GPS, and SBAS system vendors are collaborating to offer Multi-frequency enhancement systems and Multi-constellation and multi-frequency capabilities to improve signal reliability and availability. The integration of ground-based sensors and 5G networks enhances the real-time processing and communication capabilities of SBAS systems. SBAS systems are also essential for maritime applications, providing accurate positioning and navigation for ships and offshore platforms. The growth of SBAS market is further driven by the increasing demand for reliable and accurate navigation systems in various industries. In conclusion, the SBAS market is poised for significant growth due to the integration of advanced technologies, increasing demand for reliable navigation systems, and the expansion of applications in various industries such as aviation, maritime, and transportation.
Market Research Overview
The Satellite-Based Augmentation Systems (SBAS) market is experiencing significant growth due to the increasing demand for advanced location-based services in various industries, including smart agriculture, autonomous cars, drones, catastrophe management, infrastructure monitoring, and asset tracking. SBAS uses satellite signals, such as GPS, WAAS, and SBAS systems, to provide more accurate and reliable positioning and navigation data. In agriculture, SBAS technology is used for precision farming, enabling farmers to optimize crop yields and reduce input costs. In transportation, SBAS is used for aviation, road and rail, and maritime applications, improving flight durations, fuel use, airport capacity, and aircraft separation lengths. SBAS also plays a crucial role in cybersecurity, spectrum allocation, and artificial intelligence (AI) applications. The SBAS market includes vendors of GNSS technology, such as GEO satellites, geostationary satellite deployments, rotary wing, and fixed-wing systems. SBAS applications also include infrared, electric optic, radar, and SATCOM systems. The market is expected to grow further with the deployment of 5G networks and the Internet of Things (IoT) in various industries. The integration of SBAS with AI and ground-based sensors is also expected to drive market growth. However, challenges such as cybersecurity and spectrum allocation remain key concerns for the industry.
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