Satellite Based Augmentation Systems Market Definition
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.
The market study is broken down by Type (WAAS, EGNOS, MSAS, GAGAN, SDCM and Others), by Application (Aviation, Maritime, Road & Rail and Others) and major geographies with country level splits.
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. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Satellite Based Augmentation Systems market throughout the predicted period.
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.
AdvanceMarketAnalytics has segmented the market of Global Satellite Based Augmentation Systems market by Type, Application 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).
- Renovation of airports worldwide widen the scope of GNSS in geodetic engineering, precision farming, and on road vehicle fleet management
- Growing implementation of satellite-based navigation system as they help to shorten the route taken by aircrafts
- 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
- Higher demand for efficient systems coupled with expansion across airports and ATC infrastructure
- High initial investment and cot associated with the system may hamper the market growth
- Stringent aviation regulations with respect to different regions
Key Target AudienceSatellite Based Augmentation Systems Manufacturers, Aviation Authorities, Airline Companies, Research Institute and Regulatory Bodies
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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