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Aviation Industry's Surge Fuels Expansion of Satellite-Based GNSS Augmentation Systems Market: Critical Driver Shaping the Satellite-Based Market in 2025
Satellite Based Global Navigation Satellite System GNSS Augmentation System
Satellite-Based Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the satellite-based global navigation satellite system (GNSS) augmentation system market has experienced significant growth. It is projected to rise from $12.25 billion in 2024 to $13.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%. This growth during the historic period can be credited to the burgeoning aviation industry, mounting demand for accurate navigation, the broadening scope of precision agriculture, a rise in air traffic, concerns about aviation safety, and an increasing range of applications.
Satellite-Based Market Size Forecast: What's the Projected Valuation by 2029?
The market size for the satellite-based global navigation satellite system (GNSS) augmentation system is projected to experience substantial growth in the upcoming years. It is anticipated to reach a value of $19.09 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. This projected growth over the predicted period can be linked to the escalating demand for GNSS systems, the broadening scope of the SBAS market, the application of GNSS, proliferation of air travel frequency. Some of the primary trends that will be dominant during the forecast period include advancements in product and technology, the integration of numerous GNSS constellations, the emergence of next-generation SBAS, and improvements in integrity monitoring.
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What Are the Drivers Transforming the Satellite-Based Market?
The expansion of the aviation sector is anticipated to fuel the development of the market for GNSS augmentation systems based on satellite technology. The said sector encompasses all commercial activities and infrastructure tied to the creation, manufacture, operation, and upkeeping of aircraft. The growth of the aviation industry is spurred on by a blend of demographic and economic aspects. The utilization of augmentation systems for satellite navigation can provide valuable assistance to pilots during all flight stages - from taxiing and taking off to en-route flying and landing. This system enhances the accuracy of the position, velocity, and time details transmitted by satellite navigation signals. The integrity of the position information is boosted by GNSS augmentation systems, reducing potential errors and supplying pilots with trustworthy navigation data. For example, the International Air Transport Association, a trade association based in Canada, reported in September 2023 that airlines in the Asia-Pacific experienced a traffic increase of 105.8% in July 2023 as compared to July 2022. As such, the flourishing aviation sector is a key driver in propelling the satellite-based GNSS augmentation system market's growth.
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What Long-Term Trends Will Define the Future of the Satellite-Based Market?
Major corporations active in the global navigation satellite system (GNSS) augmentation system market are focusing on the development of new satellite positioning chips to boost their financial performance. In context, a satellite positioning chip or a global navigation satellite system (GNSS) receiver, is an electronic device designed to receive and process signals from a network of satellites. For example, in January 2024, Airoha Technology Corp, a technology firm based in Taiwan, unveiled the AG3335MA series of satellite positioning chips. The series includes a professional-grade GNSS receiver measurement engine with an unprecedented low satellite tracking sensitivity of -167 dBm and an exceptionally quick cold boot positioning time of 25 seconds. Despite extreme temperatures that range from -40 to 105 degrees Celsius, the chip can perform reliably. Integrated with MediaTek's Dimensity auto platform, the AG3335MA series offers end-to-end solutions and technical evaluation services to global car manufacturers. Moreover, it has passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications.
Which Segments in the Satellite-Based Market Offer the Most Profit Potential?
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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Which Firms Dominate the Satellite-Based Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Satellite-Based Market?
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.
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