Market Overview:
Satellite based GNSS augmentation system provides the position accuracy of basic GNSS signals, it provides the accuracy in the transmission of correction for the GNSS range faults. It enhances the integrity in network detecting the satellite signal errors and notifying the alerts to receivers to monitor the failed satellite. There are currently EGNOS: 120, 123, and 136, WAAS: 131, 133, 135, and 138, MSAS: 129, 137and GAGAN: 127, 128, and 132, that are supported to SBAS satellites.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | SES S.A. (Luxembourg), Raytheon Company (United States), Airbus SE (France), Space Systems/Loral, LLC (United States), Mitsubishi Motors Corporation (Japan), Thales Group (France), NovAtel Inc. (Hexagon AB) (Canada) and GMV Innovating Solutions (Spain) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Satellite based GNSS Augmentation System Market Study:
SES S.A. (Luxembourg), Raytheon Company (United States), Airbus SE (France), Space Systems/Loral, LLC (United States), Mitsubishi Motors Corporation (Japan), Thales Group (France), NovAtel Inc. (Hexagon AB) (Canada) and GMV Innovating Solutions (Spain)
Satellite based GNSS Augmentation System Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Aviation, Maritime, Road & Rail and Others |
Type | Wide Area Augmentation System (WAAS), European Geostationary Navigation Overlay Service (EGNOS), MTSAT Satellite-Based Augmentation Navigation System (MSAS), GPS-Aided GEO Augmented Navigation System (GAGAN), System for Differential Corrections and Monitoring (SDCM) and Others |
Station | Reference Stations,Master Stations,Uplink Stations |
Simulator Approach | Default SBAS messages (MT63),EGNOS/WAAS message files |
Satellite based GNSS Augmentation System Market Changing Dynamics
Attributes | Details |
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Growth Drivers | - Nedd for the Accuracy, Integrity, and Availability of basic GNSS Signals
- Growing GNSS System Application Worldwide
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Influencing Trends | - Continuous Research and Development in the Satellite based GNSS Augmentation System
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Restraints | - Stringent Regulatory Guidelines on the Satellite based GNSS Augmentation System
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Road Blocks / Challenges | - High Investments on the Setup Project of Satellite based GNSS Augmentation System
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Gaps & Opportunities | - Technological Advancement in the Satellite based GNSS Augmentation System
- Surging Demand for the Satellite based GNSS Augmentation System in the Aviation Industry
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Latest Industry Highlights:
On 5th November 2019, Raytheon upgrades FAA's space-based precision navigation system. Raytheon has delivered the Wide Area Augmentation System Geosynchronous Earth Orbiting 6 satellite navigation payload to the Federal Aviation Administration to broadcast the WAAS message, which corrects errors in GPS satellite signals, provides expanded coverage, improves accuracy, and increases reliability.
"The US Federal Aviation Administration (FAA) has developed the Wide Area Augmentation System (WAAS) to provide GPS corrections and a certified level of integrity to the aviation industry, to enable aircraft to conduct precision approaches to airports. The corrections are also available free of charge to civilian users in North America."
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Satellite based GNSS Augmentation System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Satellite based GNSS Augmentation System market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Satellite based GNSS Augmentation System Developers, Satellite based GNSS Augmentation System Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.