Press release
Market Outlook : Satellite-Based Augmentation Systems Market Globally Grow at a CAGR of 5.2% by Revenue During the Period 2016-2020
About Satellite-Based Augmentation SystemsSBASs such as WAAS, EGNOS, GAGAN, and MSAS are systems that support regional or wide-area augmentation, through the use of multiple satellite-based broadcast. SBAS messages are broadcast through geostationary satellites that cover vast areas. These systems also comprise multiple ground-based stations that take measurements from one or more GNSS satellites.
Technavios analysts forecast the global satellite-based augmentation system market to grow at a CAGR of 5.2% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global satellite-based augmentation system market for 2016-2020. The report provides a global overview of the market and the growth prospects by region (Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing market growth and outlines the challenges faced by vendors and the market as a whole, as well as the key trends emerging in the market.
Technavio's report, Global Satellite-Based Augmentation Systems 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Garmin
Raytheon
Rockwell Collins
Thales
Universal Avionics
Other prominent vendors
Advanced Navigation & Positioning
Comsoft
Copperchase
Honeywell International
Intelcan Technosystems
Lockheed Martin
Northrop Grumman
Saab AB
Searidge Technologies
Market driver
Demand for better fuel efficiency and reduced carbon emissions
For a full, detailed list, view our report
Market challenge
High cost of ATM infrastructure modernization
For a full, detailed list, view our report
Market trend
Growing implementation of satellite-based navigation systems
For a full, detailed list, view our report
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