About Satellite Based Augmentation Systems
SBAS systems are geosynchronous satellite systems that provide services for improving the accuracy, integrity and availability of basic SBAS signals. A Satellite-based Augmentation System (SBAS) is a civil aviation safety-critical system that supports wide-area or regional augmentation – even continental scale - through the use of geostationary (GEO) satellites which broadcast the augmentation information. SBAS assist existing Global navigation satellite systems (GNSS) by improving their performance and compensating their drawbacks. They provide accuracy, integrity, reliability, and availability. Higher performance of GNSS assures aircrafts better flight navigation, furthering utmost travel safety. Due to this, SBAS are classified as primary navigation equipment, thus propelling the market. Many countries have launched their own SBAS to increase aviation-safety.Over the past few years, Satellite Based Augmentation Systems have evolved rapidly.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Many countries have launched their own SBAS to increase aviation-safety.Over the past few years, Satellite Based Augmentation Systems have evolved rapidly. Evidently, the prominent players (mentioned above) are their driving force and bring about technological innovations to enhance their performance.Accrediting the seminal work of key vendors and market traction, SBAS display multiple prospects worldwide. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Satellite Based Augmentation Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Northrop Grumman Corporation (United States), Advanced Navigation And Positioning Corporartion (United States), Raytheon Company (United States), Garmin International Inc. (United States), Saab AB (Sweden), INTELCAN TECHNOSYSTEMS Inc. (Canada), Honeywell International Inc. (United States), Thales (France), Lockheed Martin Corporation (United States) and Universal Avionics (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Satellite Based Augmentation Systems market by Type (WAAS, EGNOS, MSAS, GAGAN, SDCM and Others), Application (Aviation, Maritime, Road & Rail and Others) and Region.
On the basis of geography, the market of Satellite Based Augmentation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Renovation of airports worldwide widen the scope of GNSS in geodetic engineering, precision farming, and on road vehicle fleet management and Growing implementation of satellite-based navigation system as they help to shorten the route taken by aircrafts
Market Growth Drivers:
The increase in airport development and modernization projects is the key driver for the growth of this market. The recent growth in air traffic, both passenger, and cargo has resulted in the expansion and modernization of existing airports. The expansion and modernization of existing airports are expected to bolster the demand for an effective satellite-based augmentation system, which will aid in managing traffic and aircraft movement
Challenges:
Stringent aviation regulations with respect to different regions
Restraints:
High initial investment and cot associated with the system may hamper the market growth
Opportunities:
Higher demand for efficient systems coupled with expansion across airports and ATC infrastructure
Key Target Audience
Satellite Based Augmentation Systems Manufacturers, Aviation Authorities, Airline Companies, Research Institute and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.