Satellite Based Augmentation System Market

Market Overview:

The global satellite based augmentation system market size reached US$ 580.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 896.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.95% during 2024-2032. The increasing demand for precise positioning and navigation, rising adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles, and significant technological advancements are some of the major factors propelling the market.

Satellite based augmentation system (SBAS) refers to an advanced technology that enhances the performance of existing satellite navigation systems. It is comprised of ground-based reference stations, master control stations (MCS), geostationary satellites, user receivers, and uplink stations. SBAS is widely used in aviation, maritime navigation, land surveying and mapping, precision agriculture, transportation and fleet management, geophysical monitoring, and disaster management. It ensures the reliability and safety of navigation signals, improves positioning accuracy, expands coverage area, and eliminates issues related to signal blockages and multipath effects. SBAS also allows interoperability and supports multimodal applications as it can be seamlessly integrated into different modes of transportation.

The widespread utilization of SBAS in the agriculture industry to aid farmers in optimizing agricultural operations, reducing input costs, enhancing crop yield, and minimizing environmental impact by precisely targeting resources based on the specific needs of plants is providing an impetus to the market growth. Furthermore, the increasing adoption of SBAS in disaster management and emergency response to provide accurate and reliable positioning data for search and rescue operations, evacuation planning, and asset management is contributing to the market growth. Moreover, the rising demand for SBAS in the oil and gas industry to improve the positioning accuracy of offshore platforms, assist in subsea mapping, and enhance safety in challenging maritime environments is favoring the market growth. Other factors, including rapid industrialization activities, implementation of supportive government policies, and growing demand for SBAS in mining and resource exploration activities, are anticipated to drive the market growth.

Satellite Based Augmentation System Market Trends/Drivers:

The increasing demand for precise positioning and navigation

Precise positioning and navigation capabilities are essential for aviation, maritime, and other critical industries as they aid in safe navigation, collision avoidance, reliable landing procedures, and efficient route planning. Satellite-based augmentation systems (SBAS) are used to improve the positioning, navigation, and timing capabilities of navigation satellite systems. It transmits correction messages from the ground stations to the geostationary satellites, containing vital information, such as satellite clock errors, orbital errors, and atmospheric delay. This information is used by the SBAS-enabled receivers fitted on aircraft, ships, cargo vessels, trucks, and trains to improve the accuracy and reliability of navigation signals. Furthermore, it enhances situational awareness, enables precise docking and anchoring, improves operational efficiency, prevents accidents, and facilitates efficient utilization of resources, which is contributing to the market growth.

The rising adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles

Satellite-based augmentation systems (SBAS) find numerous applications in UAVs to ensure safe and reliable flight operations. It provides precise positioning information, which aids UAVs in navigating airspace, avoiding obstacles, and following predetermined flight paths. Furthermore, it allows UAV operators to have better control over their vehicles, improving their ability to carry out missions such as aerial mapping, surveying, surveillance, and inspection. Apart from this, SBAS plays a vital role in supporting the navigation of autonomous vehicles, including self-driving cars and trucks. It increases the accuracy of the global positioning system (GPS) signals, which aids in improving the safety and reliability of autonomous driving systems and facilitating their integration into transportation systems.

Significant technological advancements

The recent development of next-generation satellite-based augmentation systems (SBAS), which takes advantage of the dual-frequency signals broadcasted by modern navigation systems to improve accuracy, enhance ionospheric correction capabilities, and provide better resistance to signal interference, is supporting the market growth. Furthermore, the utilization of SBAS to support multiple navigation satellite constellations to facilitate interoperability, build resilience to signal disruption, and enable seamless navigation across regions is positively influencing the market growth. Additionally, the integration of SBAS with advanced aviation technologies, such as required navigation performance (RNP) and future air navigation systems (FANS) to enable precise navigation, reduce fuel consumption, and enhance airspace capacity, is favoring the market growth.

Satellite Based Augmentation System Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global satellite based augmentation system market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

• Wide Area Augmentation System (WAAS)
• European Geostationary Navigation Overlay Service (EGNOS)
• MTSAT Satellite Based Augmentation Navigation System (MSAS)
• GPS-Aided GEO Augmented Navigation System (GAGAN)
• System for Differential Corrections and Monitoring (SDCM)
• Others
   

Wide area augmentation system (WAAS) dominates the market.

The report has provided a detailed breakup and analysis of the satellite based augmentation system market based on type. This includes wide area augmentation system (WAAS), european geostationary navigation overlay service (EGNOS), MTSAT satellite based augmentation navigation system (MSAS), GPS-aided GEO augmented navigation system (GAGAN), system for differential corrections and monitoring (SDCM), and others. According to the report, wide area augmentation system (WAAS) represented the largest market segment.

Wide area augmentation system (WAAS) is dominating the market owing to its strong foothold and widespread recognition in the aviation industry. Furthermore, it provides comprehensive coverage, which ensures enhanced accuracy, integrity, and system availability across international boundaries. Moreover, WAAS operates through an extensive network of ground-based reference stations, master stations, and geostationary satellites, which ensures the reliability and resilience of the system. Additionally, it provides advanced capabilities, such as precision approach and vertical guidance, that enhances navigational efficiency, improves performance, and reduces errors.

Breakup by Application:

• Aviation
• Maritime
• Road and Rail
• Others
   

Aviation represents the leading application segment.

The report has provided a detailed breakup and analysis of the satellite based augmentation system market based on application. This includes aviation, maritime, road and rail, and others. According to the report, aviation represented the largest market segment.

Satellite-based augmentation system (SBAS) is widely used in the aviation industry to enhance the accuracy and reliability of navigation systems, thus enabling precise positioning and guidance for aircraft. Furthermore, the implementation of strict regulations by several governments to mandate the use of SBAS in aviation to improve the safety of passengers, aircrew, and aircraft is supporting the market growth. Additionally, SBAS is widely used by airlines, as it provides global coverage and interoperability, which enables seamless navigation across international boundaries. Moreover, the growing demand for air travel among the masses due to increasing tourism activities is contributing to the market growth.

Road and rail transportation systems also use SBAS for accurate positioning and navigation purposes, including route planning, asset management, and operational efficiency. It also enhances overall safety by providing better collision avoidance and monitoring of train and vehicle positions. Furthermore, SBAS also aids in the infrastructure management of rail and road transportation by enabling efficient planning of maintenance activities and monitoring the condition of tracks, bridges, and other infrastructure elements.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America 
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance in the market, accounting for the largest satellite based augmentation system market share.

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represented the largest market segment.

North America is dominating the satellite-based augmentation system (SBAS) market due to the presence of a strong aviation industry that relies on SBAS to enhance the safety, security, and efficiency of air travel. Furthermore, the implementation of supportive regulations by regional governments to promote the adoption of SBAS in various aviation, maritime, and land-based applications is supporting the market growth. Additionally, the presence of strong collaborations between government agencies, industry players, and research institutions to facilitate effective technology transfer, knowledge sharing, and joint development efforts is providing an impetus to the market growth.

Asia Pacific has experienced considerable growth in the satellite-based augmentation system (SBAS) market owing to a surge in air travel and rapid expansion of the aviation industry. Furthermore, the widespread utilization of SBAS in diverse applications, such as maritime navigation, land surveying, agriculture, transportation, and disaster management, is acting as another growth-inducing factor. Apart from this, the growing demand for global navigation satellite systems (GNSS) in the region is favoring the market growth.

Competitive Landscape:

The key players in the satellite-based augmentation system (SBAS) market are focusing on incorporating new features and functionalities aimed at enhancing the positioning accuracy, integrity, and availability of SBAS systems. Furthermore, top companies are heavily investing in expanding their coverage areas to reach new markets and cater to a wider range of users. Apart from this, the growing collaborations and strategic partnerships between leading market players and industry stakeholders, government agencies, and technology providers to strengthen the market presence and boost sales opportunities are supporting the market growth. Moreover, several leading companies are developing industry-specific solutions to address the unique requirements of aviation, maritime, road transportation, agriculture, and other industries.

The report has provided a comprehensive analysis of the competitive landscape in the global satellite based augmentation system market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Airbus SE
• Garmin Ltd.
• GMV Innovating Solutions S.L.
• Grintex India Limited
• Honeywell International Inc.
• L3Harris Technologies Inc.
• Leonardo S.p. A
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Thales Group
• Universal Avionics Systems Corporation (Elbit Systems Ltd.)

Recent Developments:

• In December 2023, Airbus SE achieved the system critical design review (CDR) on the EGNOS European satellite-based navigation augmentation system. This satellite is designed to support safety-critical aircraft, maritime and land applications.
• In Jan 2023, Lockheed Martin announced the development of a satellite-based augmentation system (SBAS), which uses signals from the Galileo and GPS constellations to provide accurate navigation and positioning and to reduce dependence on just one system.
• In September 2023, Raytheon Technologies Corporation was awarded a contract by the Federal Aviation Administration (FAA) of the United States government to provide technical refresh and dual frequency operation (DFO) upgrades to the FAA's wide-area augmentation system (WAAS).

Satellite Based Augmentation System Market Report Scope:

Key Questions Answered in This Report:

• How has the global satellite based augmentation system market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global satellite based augmentation system market?
• What is the impact of each driver, restraint, and opportunity on the global satellite based augmentation system market?
• What are the key regional markets?
• Which countries represent the most attractive satellite based augmentation system market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the satellite based augmentation system market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the satellite based augmentation system market?
• What is the competitive structure of the global satellite based augmentation system market?
• Who are the key players/companies in the global satellite based augmentation system market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the satellite based augmentation system market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global satellite based augmentation system market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the satellite based augmentation system industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.