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Satellite-Based Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Satellite Based Global Navigation Satellite System GNSS Augmentation System Market
The expansion of the aviation sector is anticipated to boost the satellite-based global navigation satellite system (GNSS) augmentation system market. The term "aviation industry" encompasses a plethora of business activities and supporting infrastructure involved in the creation, management, operation, and upkeep of aircraft. Demographic and economic factors are contributing to the growth of this sector. The utilization of augmentation systems for satellite navigation can support pilots in all stages of a flight, including taxiing, take-off, in-flight navigation, and landing, by ameliorating the precision of position, velocity, and time data received from satellite navigation signals. GNSS augmentation systems add an extra layer of integrity to position data, reducing error probability and offering pilots dependable navigation information. A notable example is the 105.8% traffic increase witnessed by Asia-Pacific airlines in July 2023, as stated by the Canada-based International Air Transport Association, compared to that of July 2022. Hence, the burgeoning aviation sector is a key driver in the progress of the satellite-based global navigation satellite system (GNSS) augmentation system market.
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How will the growth rate of the satellite-based market shape industry trends by 2034?
Over recent years, there has been significant growth in the market size of the satellite-based global navigation satellite system (GNSS) augmentation system. A rise from $12.25 billion in 2024 to $13.41 billion in 2025 is expected, representing a compound annual growth rate (CAGR) of 9.5%. This historical period of growth could be traced back to the expansion of the aviation industry, increasing demand for accurate navigation, development of precision farming, escalating air traffic coupled with safety issues in aviation, and widening application scope.
In the upcoming years, the market size of the satellite-based global navigation satellite system (GNSS) augmentation system is projected to witness robust growth. The market is predicted to reach $19.09 billion by 2029, advancing at a compound annual growth rate (CAGR) of 9.2%. The forecasted growth can be credited to an escalating demand for GNSS systems, widening of the SBAS market, utilization of GNSS, and a surge in air travel frequency. Significant forecasts for the period include product innovations, technological progression, integration of various GNSS constellations, the emergence of next-generation SBAS, and improvements in integrity monitoring.
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What trends are poised to drive the future success of the satellite-based market?
Leading companies in the satellite-based global navigation satellite system (GNSS) augmentation system market are stepping up their game by innovating new chips for satellite positioning, to enhance their market profitability. The said chip, which functions as a GNSS receiver, is a crucial electronic component capable of receiving and processing signals from a satellite constellation. A case in point is Airoha Technology Corp., a technology company based in Taiwan. In January 2024, they rolled out their AG3335MA satellite positioning chip series. The chip series impresses with a professional-grade GNSS receiver measurement engine, an exceptional low satellite tracking sensitivity of -167 dBm, and a phenomenal cold boot positioning time of merely 25 seconds. Furthermore, it is built to function optimally in severe conditions, from -40 to 105 degrees Celsius. The AG3335MA series boasts integration with MediaTek's dimensity auto platform, providing comprehensive service and technical test solutions to automotive manufacturers globally. Besides, it successfully passed the AEC-Q100 Grade 2 reliability qualification tests designed for automotive applications.
Which primary segments of the satellite-based market are driving growth and industry transformations?
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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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.
Who are the influential players reshaping the satellite-based market landscape?
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.
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What Is Covered In The Satellite-Based Global Market Report?
•Market Size Forecast: Examine the satellite-based market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the satellite-based market for a structured understanding.
•Key Players Overview: Analyze major players in the satellite-based market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the satellite-based market.
•Segment Contributions: Evaluate how different segments drive overall growth in the satellite-based market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the satellite-based market.
•Industry Challenges: Identify potential risks and obstacles affecting the satellite-based market.
•Competitive Landscape: Review strategic developments in the satellite-based market, including expansions, agreements, and new product launches.
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