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What's Driving the Satellite-Based Market 2025-2034: Aviation Industry's Surge Fuels Expansion of Satellite-Based GNSS Augmentation Systems Market
Satellite Based Global Navigation Satellite System GNSS Augmentation System Market Size
The satellite-based global navigation satellite system (GNSS) augmentation system market has seen strong growth in recent years. It will rise from $12.25 billion in 2024 to $13.41 billion in 2025, at a CAGR of 9.5%. The growth is attributed to the expanding aviation industry, the growing demand for precise navigation, the expansion of precision agriculture, increasing air traffic, and growing aviation safety concerns.
The satellite-based global navigation satellite system (GNSS) augmentation system market is expected to grow strongly, reaching $19.09 billion by 2029 at a CAGR of 9.2%. This growth is attributed to the rising demand for GNSS systems, the expansion of the SBAS market, and the increasing frequency of air travel. Major trends include product developments, technological advancements, multi-GNSS constellation integration, the rise of next-generation SBAS, and improvements in integrity monitoring.
What Are the Main Catalysts for Growth in the Satellite-Based Market?
The growth of the aviation sector is projected to drive the expansion of the satellite-based global navigation satellite system (GNSS) augmentation system market. The aviation industry encompasses the design, manufacturing, and operation of aircraft. Growth in the aviation sector is fueled by demographic trends, economic expansion, and technological advancements. Satellite navigation with GNSS augmentation improves the accuracy of position, velocity, and time information, aiding pilots in all flight phases, from taxiing to landing. For example, in September 2023, the International Air Transport Association reported that Asia-Pacific airlines experienced a 105.8% increase in traffic in July 2023 compared to the same period in 2022. As a result, the expansion of the aviation sector is driving the growth of the satellite-based GNSS augmentation system market.
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Which Businesses Are at the Forefront of Satellite-Based Market Development?
Major companies operating in the satellite-based global navigation satellite system (GNSS) augmentation system market are Mitsubishi Corporation, Raytheon Technologies Corporation, Lockheed martin corporation, Airbus S.E, Northrop Grumman, Honeywell International Inc., BAE Systems plc, Boeing Satellite Systems International, Thales Group, L3Harris Technologies Inc., Leidos Holdings Inc., Space Exploration Technologies Corp. (SpaceX), Intelsat, SES S.A., Eutelsat Communications, Space Systems Loral, Telesat, cobham plc, Universal Avionics Systems Corporation, GeoOptics Inc., Deimos Imaging, Grintex India Limited, QinetiQ Group plc, Novatel Aerospace, Trust Precision Engineering Co Ltd.
What Are the Latest Innovations in the Satellite-Based Market?
Companies in the satellite-based global navigation satellite system (GNSS) augmentation system market are developing new satellite positioning chips to enhance profitability. A satellite positioning chip, also known as a GNSS receiver, processes signals from satellite constellations. For instance, in January 2024, Airoha Technology Corp., a Taiwan-based technology firm, launched the AG3335MA satellite positioning chip series. This series features a high-precision GNSS receiver measurement engine with an ultra-low satellite tracking sensitivity of -167 dBm and a cold boot positioning time of just 25 seconds. Designed for extreme environments (-40 to 105 degrees Celsius), the AG3335MA series is integrated with MediaTek's Dimensity Auto platform, offering comprehensive solutions and technical testing for automotive manufacturers. Additionally, the chip series has successfully completed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications.
How Is the Satellite-Based Market Segmented?
The satellite-based global navigation satellite system (GNSS) augmentation system market covered in this report is segmented -
1) By Solution: Satellite-Based Augmentation Systems Payload, Reference Station, Uplink Station, Other Solution
2) By Platform: Wide Area Augmentation System, European Geostationary Navigation Overlay Service, Other Platforms
3) By Application: Aviation, Maritime, Road And Rail, Others
Subsegments:
1) By Satellite-Based Augmentation Systems Payload: Geostationary Satellite Payloads, Low Earth Orbit Satellite Payloads
2) By Reference Station: Ground-Based Reference Stations, Networked Reference Stations
3) By Uplink Station: Uplink Antennas, Control And Monitoring Equipment
4) By Other Solution: Integration Services, Data Processing Services, Maintenance And Support Services
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Where Is the Satellite-Based Market Growth Most Prominent?
North America was the largest region in the satellite-based global navigation satellite system (GNSS) augmentation system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite-based global navigation satellite system (GNSS) augmentation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Satellite-Based Global Market Report?
- Market Size Analysis: Analyze the Satellite-Based Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Satellite-Based Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Satellite-Based Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Satellite-Based Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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