Press release
Global Satellite Based Augmentation Systems (SBAS) market is expected to reach at a CAGR of 4.9% during 2018-2025
The global Satellite Based Augmentation Systems (SBAS) market is evolving at an exciting pace driven by changing dynamics and risk ecosystem, an analysis of which forms the crux of the report.
SBAS systems are geosynchronous satellite systems that provide services for improving the accuracy, integrity and availability of basic SBAS signals.
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. 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. Market Research Future recently published a report, according to which the global satellite based augmentation systems market is estimated to ascend enormously by 2023, recording a CAGR of 5% during 2018 to 2023.
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.
Other driving factors of the SBAS industry are higher demand for efficient systems to improve aviation security coupled with expansion across airports and ATC infrastructure. Simultaneously, renovation of airports worldwide along with the bootstrapping of systems has escorted the SBAS market in ascending further. Governmental initiatives & investments also foster market growth.
To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=1849959&type=S
Satellite based augmentation systems also widen the scope of GNSS in geodetic engineering, precision farming, and on road vehicle fleet management. This extended area of application provides impetus to the demand for SBAS, raising the market size.
Upcoming trends such as the growing implementation of satellite-based navigation system are rapidly gaining popularity as they help to shorten the route taken by aircrafts. A satellite-based navigation system uses GPS technology to shorten routes and allows aircrafts to fly closer together with greater safety margins. Advantages like high fuel savings, fewer traffic delays, and its ability to reduce the flight time are envisaged to result in its augmented adoption during the forecast period.
In 2017, the global Satellite Based Augmentation Systems (SBAS) market size was 480 million US$ and it is expected to reach 710 million US$ by the end of 2025, with a CAGR of 4.9% during 2018-2025.
This report focuses on the global top players, covered
Raytheon Company
Mitsubishi
Thales
Airbus
SES
Space Systems Loral
Market segment by Type, the product can be split into
WAAS
EGNOS
MSAS
GAGAN
SDCM
Others
Market segment by Application, split into
Aviation
Maritime
Road & Rail
Table of Contents
Global Satellite Based Augmentation Systems (SBAS) Market Size, Status and Forecast 2025
1 Industry Overview of Satellite Based Augmentation Systems (SBAS)
1.1 Satellite Based Augmentation Systems (SBAS) Market Overview
1.1.1 Satellite Based Augmentation Systems (SBAS) Product Scope
Complete table of content is available at: https://www.qyresearchreports.com/report/global-satellite-based-augmentation-systems-sbas-market-sizestatus-and-forecast-2025.htm
2 Global Satellite Based Augmentation Systems (SBAS) Competition Analysis by Players
2.1 Satellite Based Augmentation Systems (SBAS) Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Raytheon Company
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Satellite Based Augmentation Systems (SBAS) Revenue (Million USD) (2013-2018)
3.2 Mitsubishi
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Satellite Based Augmentation Systems (SBAS) Revenue (Million USD) (2013-2018)
3.3 Thales
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
About Us:
QYResearchReports.com delivers the latest strategic market intelligence to build a successful business footprint in China. Our syndicated and customized research reports provide companies with vital background information of the market and in-depth analysis on the Chinese trade and investment framework, which directly affects their business operations. Reports from QYResearchReports.com feature valuable recommendations on how to navigate in the extremely unpredictable yet highly attractive Chinese market.
Contact Us:
1820 Avenue
M Suite #1047
Brooklyn, NY 11230
United States
Toll Free: 866-997-4948 (USA-CANADA)
Tel: +1-518-621-2074
Web: http://www.qyresearchreports.com
Email: sales@qyresearchreports.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Satellite Based Augmentation Systems (SBAS) market is expected to reach at a CAGR of 4.9% during 2018-2025 here
News-ID: 1115360 • Views: …
More Releases from QYresearchreports
Global Oilfield Communication Equipment Market Latest Achievements and Opportuni …
Qyresearchreports include new market research report Global Oilfield Communication Equipment Market Insights, Forecast to 2025 to its huge collection of research reports.
The Oilfield Communication Equipment market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to…
Global Power Over Ethernet (POE) Lighting Market : Key Growth Factors and Foreca …
Qyresearchreports include new market research report Global Power Over Ethernet (POE) Lighting Market Insights, Forecast to 2025 to its huge collection of research reports.
This report presents the worldwide Power Over Ethernet (POE) Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Global Automatic Palletizer and Depalletizer Market to be at Forefront by 2025 | …
Qyresearchreports include new market research report Global Automatic Palletizer and Depalletizer Market Insights, Forecast to 2025 to its huge collection of research reports.
Automatic palletizer and depalletizer is a machine that enables automatic stacking of goods and products. It also enables the depalletizing or unloading of goods. The rising consumer income and European Central Bank (ECB) bond-buying program will influence the buying pattern of consumers in EMEA and will result in…
Global Weather Forecasting Equipment Market Advancement Analysis and Precise Out …
Qyresearchreports include new market research report Global Weather Forecasting Equipment Market Insights, Forecast to 2025 to its huge collection of research reports.
The Weather Forecasting Equipment market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to…
More Releases for SBAS
Satellite Based Augmentation Systems (SBAS) Market 2022 | Detailed Report
The top-notch information research report published by markets and markets is a vital asset that offers qualitative and quantitative factors of the Satellite Based Augmentation Systems (SBAS) market. The research study and methodologies mentioned in the report examine the critical vendors by considering their contribution to the global market. Furthermore, the report offers an in-depth insight into leading players' performance based on revenue generation and client requirements. Also, the research…
Satellite Based Augmentation Systems (SBAS) Market 2021 | Detailed Report
The Satellite Based Augmentation Systems (SBAS) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Satellite Based Augmentation Systems (SBAS) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving…
Satellite Based Augmentation Systems (SBAS) Market | How Top Companies Adapted a …
Satellite-based augmentation systems (SBAS) enhances the performance and lowers the limitations of the existing global navigation satellite systems (GNSS) by improving its precision, integrity, accessibility and dependability. SBAS systems consists of uplink stations, reference stations, geosynchronous satellites and master stations. SBAS is primarily used as a navigation system and provides better navigation and travel safety. Moreover, SBAS market is estimated to grow at a rapid speed, owing to civil aviation…
Satellite Based Augmentation Systems (SBAS) Market Report (2020-2027) With quali …
Satellite Based Augmentation Systems (SBAS) Market Forecast to 2027 - Global Analysis and Forecasts by Deployment Type, End-User, Region, and Market Players.
In this report, the market has been segmented on the basis of technology, deployment, organization size, end-user industry, and region. The report provides an extensive overview of the global Satellite Based Augmentation Systems (SBAS) market and analyzes the current market trends. The report provides the estimated market data for…
Global Satellite Based Augmentation Systems (SBAS) Market 2020-Raytheon Company, …
The Global Satellite Based Augmentation Systems Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players Raytheon Company, Mitsubishi, Thales, Airbus, SES, Space Systems Loral of the industry. The Satellite Based Augmentation Systems market report correspondingly joins a…
Satellite Based Augmentation Systems (SBAS) Market 2019 Precise Outlook - Raythe …
The study titled Global Satellite Based Augmentation Systems (SBAS) Market 2019 by Market Research Place offers a complete evaluation for those who are looking for their business expand on both country and international level as well as manufacturers, new entrants in the industry, government bodies, professional organization, private firms, and financial speculators. The market has uncovered rapid development in the current and past years and is going to progress with…
