Satellite Based Augmentation Systems Market 2016-2021 | Key Countries Analysis By Garmin International, Raytheon, Rockwell Collins, Thales, Universal Avionics, Advanced Navigation and Positioning, Copperchase, Honeywell, Lockheed Martin, Northrop Grumman

Global Satellite Based Augmentation Systems Market Information by Elements (SATCOM, Radar, and Electric Optic/ Infrared), by Aircraft Types (Fixed Wing and Rotary Wing), and Region – Global Forecast to 2023.

Satellite Based Augmentation Systems Market poised to grow at a CAGR around 6% over the period of 2016 – 2021

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Market Highlights:

The Global Satellite Based Augmentation Systems Market is expected to grow at a CAGR of around 6% during 2016-2021. 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.

As per MRFR analysis, factors restraining the market are the cost associated with air traffic management (ATM) infrastructure modernization and the retrofit older aircraft with the upgraded systems.

This report includes a study of strategies of major market players in the Global Satellite Based Augmentation Systems Market are Garmin, Raytheon, Rockwell Collins, Thales, Universal Avionics, Advanced Navigation and Positioning Corporation, Copperchase Ltd., Intelcan Technosystems, Honeywell International, Lockheed Martin, Northrop Grumman, and Saab AB

The factors responsible for the growth of the satellite based augmentation system market are the growing developments of ATC infrastructure, need for authentic and accurate information to avoid errors, less dependency on ground-based infrastructure, and rise in the development of airport construction and modernization. The evolution of modern navigation systems resulted in many aircraft manufacturers upgrading flight decks with new avionics.

The satellite based augmentation system market is segmented based on elements and types. On the basis of elements, the SATCOM is widely used and comprises the largest market share due to the growing need for satellite based communication. On the basis of aircraft types, the fixed wing is expected to witness the highest CAGR during the forecast period.

The market is segmented based on region into North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific region is expected to dominate the market in future due to high demand for civil aviation in countries, such as India and Japan. The market in the North America region is second to the Asia-Pacific due to growing investments in airport infrastructure.

Thus, the global satellite based augmentation system market is estimated to witness approximately 6% CAGR during the period of 2017-2023.

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Scope of Report

The report for Global Satellite Based Augmentation System Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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