According to a recent study report published by Market Research Future, the global market for satellite-based augmentation systems (SBAS) will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2021, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2021).
The Global Positioning System (GPS) has been used successfully in the aircraft industry for many decades, but the technology is not used as a sole system for navigation. The accuracy and integrity of GPS are greatly enhanced by the collection of information from a variety of sources.
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The Satellite Based Augmentation System (SBAS) is designed to enhance the performance of standard global navigation satellite (GPS) system positioning. In addition to that, SBAS provides high accuracy, measures pseudo-ranges, and bolsters the aircraft safety. It supports vertically-guided instrument and air traffic handling. However, there are some shortcomings in the satellite based augmentation system market, such as cost associated with Air Traffic Management (ATM) infrastructure modernization and retrofitting of older aircraft with upgraded systems.
The global satellite-based augmentation systems market is segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Elements : Comprises SATCOM, Radar, Electric Optic/ Infrared
Segmentation by Product : Comprises Fixed Wing and Rotary Wing
Segmentation by Regions : Comprises Geographical regions — North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Garmin International Inc. (U.S.), Raytheon (U.S.), Rockwell Collins (U.S.), Thales Group (France), Universal Avionics (U.S.), Advanced Navigation and Positioning Corporation (U.S.), Copperchase Ltd. (U.K.), Intelcan Techno systems (Canada), Honeywell International (U.S.), Lockheed Martin (U.S.), Northrop Grumman (U.S.), and Saab AB (Sweden) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global satellite-based augmentation systems market.
Asia Pacific region is dominating the market of the global satellite-based augmentation systems market due to high demand for civil aviation. The market in the Asia Pacific countries is largely driven by new routes, ventures, and business models, which helps in the growth of global satellite-based augmentation systems market.
North America market is referred to as the second-largest satellite-based augmentation market due to factors such as growing investment in airport infrastructure have fuelled the demand for global satellite-based augmentation systems market.
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