Latest Study on Global Satellite Based Augmentation Systems (SBAS) Market 2019 Growth During Forecasting Period 2025 | Top Key Players : Raytheon Company, Mitsubishi, Thales, Airbus, SES, Space Systems Loral

SBAS

SBAS systems are geosynchronous satellite systems that provide services for improving the accuracy, integrity and availability of basic SBAS signals, it provides accuracy, integrity, reliability, and availability

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In 2018, 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 2019-2025.

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.

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.

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The study objectives are to present the Satellite Based Augmentation Systems (SBAS) development in United States, Europe and China.

The key players covered in this study 
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 
Others

Market segment by Regions/Countries, this report covers United States ,Europe ,China ,Japan ,Southeast Asia ,India ,Central & South America

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The study objectives of this report are: 
To analyze global Satellite Based Augmentation Systems (SBAS) status, future forecast, growth opportunity, key market and key players. 
To present the Satellite Based Augmentation Systems (SBAS) development in United States, Europe and China. 
To strategically profile the key players and comprehensively analyze their development plan and strategies. 
To define, describe and forecast the market by product type, market and key regions.

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