Press release
Satellite-based Augmentation System Global Market Worth $2 Billion By 2028 Rapid Growth Predicted CAGR of 8.8% | Airbus SE, Safran Group, Thales Group, Garmin Ltd., Trimble Inc.
Satellite-based Augmentation System Global Market
The satellite-based augmentation system market size is expected to see strong growth in the next few years. It will grow to $2 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to global navigation satellite system (gnss) market growth, emergence of unmanned aerial vehicles (uavs), expansion of location-based services (lbs), infrastructure development, increased demand for autonomous vehicles. Major trends in the forecast period include global expansion of sbas networks, enhanced disaster management and emergency response, integration into surveying and geomatics, development of next-generation sbas, partnerships and collaborations for sbas implementation.
Market Overview -
A satellite-based augmentation system is a prominent air navigation system that enhances the accuracy and integrity of a global navigation satellite system's (GNSS) navigation signal. A satellite-based augmentation system improves service availability over a large geographic area and delivers a more reliable navigation service than GNSS alone.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12433&type=smp
The Rising Tide Of Air Traffic Propels Sbas Market Growth
The growing air traffic is expected to propel the growth of the satellite-based augmentation system market going forward. Air traffic refers to the movement and management of airplanes in the airspace, controlled by air traffic control (ATC) services to ensure safe and effective operations. Aircraft operations and air traffic provide real-world validation, data gathering, and user input that improve the accuracy, dependability, and performance of satellite-based augmentation systems (SBAS), strengthening aviation safety and effectiveness. For instance, in March 2023, according to a report published by the Bureau of Transportation Statistics, a US-based government agency, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase year on year. Additionally, from January to December 2022, airlines in the United States carried 853 million passengers, up from 658 million in 2021 and 388 million in 2020. Therefore, the growing air traffic is driving the growth of the satellite-based augmentation system market
Competitive Landscape -
Major companies operating in the satellite-based augmentation system market report are RTX Corporation (Raytheon Technologies Corporation), Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell International Inc., Broadcom Corporation, Safran Group, Federal Aviation Administration (FAA), Thales Group, L3Harris Technologies Inc., STMicroelectronics N.V., Elbit Systems Ltd., Rockwell Collins Inc., Garmin Ltd., Trimble Inc., Collins Aerospace, Topcon Corporation, Inmarsat Global Limited, u-Blox Holding AG, Spirent Communications Plc, GMV Innovating Solutions S.L., NovAtel Inc., Universal Avionics Systems Corporation, Accord Software & Systems Pvt. Ltd., Swift Navigation Inc., Hemisphere GNSS, Grintex India Limited, Septentrio NV, Locosys Technology Inc., NexNav Inc., NavatechGPS.
The Surging Trend Of Product Innovation
Product innovation has emerged as a key trend gaining popularity in the satellite-based augmentation system market. Major companies operating in the satellite-based augmentation system market are concentrating on creating innovative products to strengthen their position in the market. For instance, in July 2021, U-blox, a Switzerland-based technology company, launched the PointPerfect location service, which delivers advanced global navigation satellite system (GNSS) augmentation for applications requiring ultra-accurate and ultra-reliable positionings, such as unmanned aerial vehicles (UAVs) and other autonomous vehicles. PointPerfect delivers uniform coverage in Europe and the contiguous United States, including up to 12 nautical miles (about 22 kilometers) off coastlines via mobile internet or L-band satellite transmissions.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/satellite-based-augmentation-system-global-market-report
Key Segments -
The satellite-based augmentation system market covered in this report is segmented -
1) By Type: Wide Area Augmentation System (WAAS), European Geostationary Navigation Overlay Service (EGNOS), Multi-functional Satellite Augmentation System (MSAS), GPS Aided GEO Augmented Navigation (GAGAN), System For Differential Corrections And Monitoring (SDCM), Other Types
2) By Component: Satellites, Ground Stations, Receivers, Other Components
3) By Application: Aviation, Maritime, Road And Rail, Surveying, Timing And Synchronization, Agriculture, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Satellite-based Augmentation System Global Market Worth $2 Billion By 2028 Rapid Growth Predicted CAGR of 8.8% | Airbus SE, Safran Group, Thales Group, Garmin Ltd., Trimble Inc. here
News-ID: 3473084 • Views: …
More Releases from The Business research company
Truck Scale Market Poised for Robust Growth, Projected to Hit $3.43 Billion by 2 …
How Much Is the Truck Scale Market Expected to Expand by 2025?
The truck scale market has experienced robust expansion lately, projected to ascend from its 2024 valuation of $2.48 billion to attain $2.66 billion by 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. This past growth trajectory has been fueled by several key factors, notably the escalating requirement for precise gross vehicle weight determinations, the wider integration of…
Surging Application Across End Users Powers the Expansion of the Thermosetting A …
What Is the Projected Size of the Thermosetting Acrylic Adhesive Market by 2025?
The market for thermosetting acrylic adhesives has experienced robust expansion recently, projecting an increase from $1.16 billion in 2024 to $1.24 billion in 2025, reflecting a compound annual growth rate of 6.7%; this upswing during the past period stems from heightened requirements within the automotive sector, greater incorporation in building projects, escalating uptake in the creation of electronic…
Consistent Growth Projected for Temporary Floor Protection Market, Reaching $2 B …
How Much Is the Temporary Floor Protection Market Expected to Expand by 2025?
The temporary floor protection sector has experienced robust expansion lately, projected to elevate its market valuation from 1.41 billion USD in 2024 to 1.52 billion USD by 2025, reflecting a compound annual growth rate of 7.6 percent; this earlier period's upward trend stems from a surge in building undertakings, an upward trend in refurbishment assignments, escalating requirements within…
Accelerated Digital Transformation Fuels Expansion in the Talent Marketplace For …
What Is the Projected Size of the Talent Marketplace For Creators Market by 2025?
The sphere of the creator talent marketplace is characterized by swift expansion recently, projected to climb from a valuation of $9.65 billion in 2024 to $11.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.9%; this past growth trajectory has been fueled by several factors, including escalated needs for digital media output, a broadening…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
