Global Satellite Based Augmentation Systems Market to Shape the Future of Satellite World by 2023

Market Overview

The key factors driving the demand are the growing developments of ATC infrastructure, need for authentic and accurate information to avoid errors, and rise in the development of airports constriction and modernization, factors restraining the market are the cost associated with air traffic management (ATM) infrastructure modernization and the retrofit older aircraft with the upgraded systems.

The high demand for satellite-based augmentation systems market is due to the growing development of ATC infrastructure, need for authentic and accurate information to avoid errors, and rise in the development of airport construction and modernization, thus increasing the participation of manufacturers. Rapid technology advancement, along with increased focus of OEMs on providing accurate and precise navigation system, is expected to result in an increase in aircraft expenses and add to the growth of the market. However, the cost associated with Air Traffic Management (ATM) infrastructure modernization and retrofitting older aircraft with upgraded systems act as a barrier to the growth of satellite-based augmentation systems market. The revolution of modern electronic systems results in many aircraft manufacturers upgrading technologies with new avionics.

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Market Outlook

The satellite-based augmentation systems market is completely dependent on the expansion of air passenger traffic. Thus, the increasing or decreasing demand for air passenger traffic directly has an impact on the market. Moreover, other factors responsible for the growth of the satellite-based augmentation systems market are demand for avionics system with gen-next aircraft, demand for accurate flight navigation, capability of handling more air traffic, collision avoidance systems, gyroscopes, and integration of early warning radar. This is the primary factor that drives the growth of the global satellite-based augmentation systems market and has gained prevalence in the recent times, with the usage of best in class technologies in the aircraft industry. Thus, the growth of the satellite-based augmentation systems market is expected to go hand in hand with the growth of investment in the aircraft sector.

Top Industry Players:

This report studies Satellite Based Augmentation Systems in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering: Raytheon Company, Mitsubishi, Thales, Airbus, SES, Space Systems Loral.

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Market Segments

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
• WAAS
• EGNOS
• MSAS
• GAGAN
• SDCM

Market Segment by Applications, can be divided into
• Aviation
• Maritime
• Road & Rail

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