Global Satellite Based Augmentation Systems Market Growth (Status and Outlook) 2023-2029

Global Satellite Based Augmentation Systems Market Growth (Status and Outlook) 2023-2029

SBAS systems are geosynchronous satellite systems that provide services for improving the accuracy, integrity and availability of basic SBAS signals. Accuracy is enhanced through the transmission of wide-area corrections for SBAS range errors. Integrity is enhanced by the SBAS network quickly detecting satellite signal errors and sending alerts to receivers that they should not track the failed satellite. Signal availability can be improved if the SBAS transmits ranging signals from its satellites. SBAS systems include reference stations, master stations, uplink stations and geosynchronous satellites.

LPI (LP Information)' newest research report, the “Satellite Based Augmentation Systems Industry Forecast” looks at past sales and reviews total world Satellite Based Augmentation Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Satellite Based Augmentation Systems sales for 2023 through 2029. With Satellite Based Augmentation Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Satellite Based Augmentation Systems industry.

This Insight Report provides a comprehensive analysis of the global Satellite Based Augmentation Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Satellite Based Augmentation Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Satellite Based Augmentation Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Satellite Based Augmentation Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Satellite Based Augmentation Systems.

The global Satellite Based Augmentation Systems market size is projected to grow from US$ 576.2 million in 2022 to US$ 815.3 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.

Global Satellite Based Augmentation Systems (SBAS) key players include Thales, Raytheon Company, Mitsubishi, Airbus, SES, etc. Global top five manufacturers hold a share about 80%. Europe is the largest market, with a share about 35%, followed by North America, with a share about 25 percent. In terms of product, WAAS is the largest segment, with a share about 30%. And in terms of application, the largest application is Aviation, followed by Maritime, Road & Rail, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Satellite Based Augmentation Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
SATCOM
Radar
Electric Optic/ Infrared

Segmentation by application
GPS
Communication
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Garmin International Inc. (US)
Raytheon (US)
Rockwell Collins (US)
Thales Group (France)
Universal Avionics (US)
Advanced Navigation and Positioning Corporation (US)
Copperchase Ltd. (U.K.)
Intelcan Techno systems (Canada)
Honeywell International (US)
Lockheed Martin (US)
Northrop Grumman (US)
Saab AB (Sweden)

Please note: The report will take approximately 2 business days to prepare and deliver.