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Satellite Based Augmentation Systems (SBAS) Market | How Top Companies Adapted after COVID-19 Hit Its Business
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COVID-19 scenario analysis
• Satellite based augmentation systems (SBAS) is being used to precisely locate hospitals, ad hoc emergency medical centers, and pharmacies for health administration in the COVID-19 pandemic.
• SBAS facilitates ease in contact tracing and aids in real-time tracking the spread and potential risk based on the location. It also helps in monitoring whether the user was in proximate range of the virus.
• Rise in demand of technologies which minimize human interaction and promotes contactless interventions encourages the market growth of SBAS.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Airport development and modernization projects, rapid adaption of satellite-based navigation system, both passenger, and cargo, and modernization of existing airports are the factors that drive the Satellite based augmentation systems (SBAS) market. However, privacy and security concerns hinder the market growth. Contrarily, demand for effective satellite-based navigation system for efficient management of traffic and aircrafts movements acts as a way to boost the market demand.
Airport development and modernization projects
Upswing in the aviation industry mandates sustainable and significant improvement in flight safety and efficiency to support the expansion of the industry. For instance, during 09/2017-01/2019 for the transmission of SBAS corrections by International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) beacons and Aerospace International Services (AIS) for Maritime and Inland waterways domain was launched in Europe a pilot project was launched. The project aimed at demonstration of operational performance in the transmission of SBAS corrections with the help of IALA beacons and Inland waterways domain, additionally it also provides a detailed cost benefit analysis for the proposed solutions. Hence, continuous research and investment in advancement of satellite positioning system will drive market growth of SBAS market.
Modernization of existing airports
Existing infrastructure and equipment are in need for betterment to comply with complex and current industry standards. Adoption of technological innovations across the industry calls upon for application of ordinance to be followed for increased compatibility across different platforms. For instance, in the aviation sector International Civil Aviation Organization (ICAO) set strict operational requirements for use in such critical flight stages and GPS does not satisfy those terms. However, on addition of SBAS, ICAO standards are satiated. Robust guidelines and stringent regulations in airports boost the market of SBAS.
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Key benefits of the report
• This study presents the analytical depiction of the satellite-based augmentation systems industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the satellite-based augmentation systems market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the satellite-based augmentation systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed satellite-based augmentation systems market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the airline passenger communications system market research report:
• Which are the leading market players active in the satellite-based augmentation systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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