Satellite Based Augmentation System Market Report: Trends, Forecast and Competitive Analysis to 2030

Satellite Based Augmentation System Trends and Forecast

The future of the global satellite based augmentation system market looks promising with opportunities in the aviation, maritime, and road & rail markets. The global satellite based augmentation system market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing need for accurate and trustworthy positioning data and increasing use of SBAS in autonomous cars.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Satellite Based Augmentation System by Segment

The study includes a forecast for the global satellite based augmentation system by type, application, and region.

Satellite Based Augmentation System Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• WAAS
• EGNOS
• MSAS
• GAGAN
• SDCM
• Others

Satellite Based Augmentation System Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Aviation
• Maritime
• Road & Rail
• Others

Satellite Based Augmentation System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Satellite Based Augmentation System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite based augmentation system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite based augmentation system companies profiled in this report include-

• Federal Aviation Administration
• GMV Innovating Solutions
• SkyTraq Technology
• Honeywell International
• Broadcom
• Raytheon Technologies Corporation
• Airbus
• Hexagon
• Garmin
• Thales Group

Satellite Based Augmentation System Market Insights

Lucintel forecasts that MSAS is expected to witness the highest growth over the forecast period.

Within this market, aviation will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Satellite Based Augmentation System Market

Market Size Estimates: Satellite based augmentation system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Satellite based augmentation system market size by type, application, and region in terms of value ($B).

Regional Analysis: Satellite based augmentation system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the satellite based augmentation system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite based augmentation system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the satellite based augmentation system market size?

Answer: The global satellite based augmentation system market is expected to reach an estimated $1.5 billion by 2030.

Q2. What is the growth forecast for satellite based augmentation system market?

Answer: The global satellite based augmentation system market is expected to grow with a CAGR of 4.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the satellite based augmentation system market?

Answer: The major drivers for this market are growing need for accurate and trustworthy positioning data and increasing use of SBAS in autonomous cars.

Q4. What are the major segments for satellite based augmentation system market?

Answer: The future of the satellite based augmentation system market looks promising with opportunities in the aviation, maritime, and road & rail markets.

Q5. Who are the key satellite based augmentation system market companies?

Answer: Some of the key satellite based augmentation system companies are as follows:

• Federal Aviation Administration
• GMV Innovating Solutions
• SkyTraq Technology
• Honeywell International
• Broadcom
• Raytheon Technologies Corporation
• Airbus
• Hexagon
• Garmin
• Thales Group

Q6. Which satellite based augmentation system market segment will be the largest in future?

Answer: Lucintel forecasts that MSAS is expected to witness the highest growth over the forecast period.

Q7. In satellite based augmentation system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the satellite based augmentation system market by type (WAAS, EGNOS, MSAS, GAGAN, SDCM, and others), application (aviation, maritime, road & rail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?