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Innovative report on Satellite Based Augmentation Systems Market to represent an impressive CAGR: Raytheon Company, Mitsubishi, Thales, Airbus, SES, Space Systems Loral

02-25-2019 10:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Innovative report on Satellite Based Augmentation Systems

The latest report pertaining to ‘Satellite Based Augmentation Systems (SBAS) Market’ collated by Market Study Report, LLC, provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. 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.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1616625

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.

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.

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 key players covered in this study

Raytheon Company
Mitsubishi
Thales
Airbus
SES
Space Systems Loral

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.

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

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.
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.

Request a discount on standard prices of this premium report titled Global Satellite Based Augmentation Systems (SBAS) Market Size, Status and Forecast 2019-2025 at https://www.marketstudyreport.com/check-for-discount/1616625

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.

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.
In this study, the years considered to estimate the market size of Satellite Based Augmentation Systems (SBAS) are as follows:

Table of Contents

1 Report Overview

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type

2 Global Growth Trends

2.1 Satellite Based Augmentation Systems (SBAS) Market Size
2.2 Satellite Based Augmentation Systems (SBAS) Growth Trends by Regions
2.2.1 Satellite Based Augmentation Systems (SBAS) Market Size by Regions (2014-2025)
2.2.2 Satellite Based Augmentation Systems (SBAS) Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players

3.1 Satellite Based Augmentation Systems (SBAS) Market Size by Manufacturers
3.1.1 Global Satellite Based Augmentation Systems (SBAS) Revenue by Manufacturers (2014-2019)
3.1.2 Global Satellite Based Augmentation Systems (SBAS) Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Satellite Based Augmentation Systems (SBAS) Market Concentration Ratio (CR5 and HHI)
3.2 Satellite Based Augmentation Systems (SBAS) Key Players Head office and Area Served
3.3 Key Players Satellite Based Augmentation Systems (SBAS) Product/Solution/Service
3.4 Date of Enter into Satellite Based Augmentation Systems (SBAS) Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application

4.1 Global Satellite Based Augmentation Systems (SBAS) Market Size by Type (2014-2019)
4.2 Global Satellite Based Augmentation Systems (SBAS) Market Size by Application (2014-2019)

5 United States
5.1 United States Satellite Based Augmentation Systems (SBAS) Market Size (2014-2019)
5.2 Satellite Based Augmentation Systems (SBAS) Key Players in United States
5.3 United States Satellite Based Augmentation Systems (SBAS) Market Size by Type
5.4 United States Satellite Based Augmentation Systems (SBAS) Market Size by Application

6 Europe

6.1 Europe Satellite Based Augmentation Systems (SBAS) Market Size (2014-2019)
6.2 Satellite Based Augmentation Systems (SBAS) Key Players in Europe
6.3 Europe Satellite Based Augmentation Systems (SBAS) Market Size by Type
6.4 Europe Satellite Based Augmentation Systems (SBAS) Market Size by Application

7 China

7.1 China Satellite Based Augmentation Systems (SBAS) Market Size (2014-2019)
7.2 Satellite Based Augmentation Systems (SBAS) Key Players in China
7.3 China Satellite Based Augmentation Systems (SBAS) Market Size by Type
7.4 China Satellite Based Augmentation Systems (SBAS) Market Size by Application

8 Japan

8.1 Japan Satellite Based Augmentation Systems (SBAS) Market Size (2014-2019)
8.2 Satellite Based Augmentation Systems (SBAS) Key Players in Japan
8.3 Japan Satellite Based Augmentation Systems (SBAS) Market Size by Type
8.4 Japan Satellite Based Augmentation Systems (SBAS) Market Size by Application

9 Southeast Asia

9.1 Southeast Asia Satellite Based Augmentation Systems (SBAS) Market Size (2014-2019)
9.2 Satellite Based Augmentation Systems (SBAS) Key Players in Southeast Asia
9.3 Southeast Asia Satellite Based Augmentation Systems (SBAS) Market Size by Type
9.4 Southeast Asia Satellite Based Augmentation Systems (SBAS) Market Size by Application

Complete report titled Global Satellite Based Augmentation Systems (SBAS) Market Size, Status and Forecast 2019-2025 of 93 pages and published in February, 2019 is now available at https://www.marketstudyreport.com/reports/global-satellite-based-augmentation-systems-sbas-market-size-status-and-forecast-2019-2025?utm_source=MarketWatch.com&utm_medium=dc

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